Businesses own aircraft because they provide a huge advantage. The ability to travel, send team members and partners to have in-person interactions in geographically distant locations is a distinct competitive advantage.
And unlike automobiles and many other types of equipment which depreciate rapidly, the value of an aircraft remains more stable over time. And its value to the business may actually INCREASE, depending on how the business uses this resource to take advantage of the opportunities that occur.
But this value depends on dispatch reliability.
If the company plane is being repaired, it’s not available for missions, no matter how important they may be.
According to the Flight Safety Foundation, an estimated 27,000 accidents and incidents of ramp damage occur worldwide each year.
In a busy flight department, it’s typical that a small team is working hard to meet a demanding schedule. A moment of inattention while hangaring our pushing out an aircraft can cause damage to an aileron or leading edge of a wing.
A toolbox with unlocked wheels could drift into a gear door edge.
Or a team member might clap his forehead against an antenna.
And suddenly, your beautiful Gulfstream GV or Citation Latitude turns from an asset to a liability.
And yet, EVERY incident of “hangar rash” or ramp damage is fully preventable by following best practices for preventing hangar rash, and using inexpensive leading edge and antenna covers.