Comparing the true costs of
travel by business aircraft measured in terms of value to the company.
The feasibility analysis presents decision-makers the information needed to make that
decision by establishing the issues, available alternatives and which are realistic based
on unique company requirements. One of the first things to recognize is that this does not
necessarily mean the purchase or lease of an aircraft. The "USE" of an aircraft
may be sufficient to meet specific needs.
In order to measure a companys travel requirements, a travel matrix is
developed to show not only how much traveling a company does, but also what it really
needs and could do if it had a business aircraft. This data is then dissected to
build the aircraft requirements:
- Evaluate companys travel requirements.
- Construct framework of capability needed related to where and how it
will operate.
- Ascertain operational requirements such as type, size, speed and
range.
- Choose aircraft that will best satisfy the companys needs
- Include for passenger comfort and amenities.
- Initial purchase cost of the basic aircraft.
- Annual operating cost of the aircraft.
- Where and how the aircraft is maintained.
The aircraft feasibility study will provide a comprehensive and
factual set of data that provides a measure between various aircraft within a cost range
appropriate to the companys concept of total ownership.