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Many chief executives take advantage of their rights to the company jet. Who wouldn’t want their very own airborne steed at the ready? But should shareholders be footing the bill?

Since 2008, this particular perk has been one of the most closely examined and widely criticized. The three most common reasons given by companies for personal use of the corporate jet are: executive security, board mandate, and, quite simply, convenience.

How many big corporate CEOs actually get access to the company jet? Pay research company Equilar recently found that of the 95 public Fortune 100 companies, 65 CEOs were either eligible for or received some form of jet perk. Equilar noted that two CEOs who did not have the perk were running airlines, where complimentary air travel is typically provided to all employees. The average annual cost of the perk, at least at the companies that disclosed the figures, was $141,187, which typically represented about two-fifths of total perk spending.

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As a globally recognized leader in the business aviation industry, we have been ensuring your health and safety for almost half a century. Whether you are interested in maintenance, completions and refurbishment, FBO, aircraft charter, aircraft management or staffing, rely on our award-winning aircraft-support services to meet your needs — wherever you are or want to go.

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