For this discussion, you will look into the tangible value of corporate aviation by comparing it to commercial air transportation for executives traveling to a meeting.
Your company, based in Waco, Texas, has been looking for an expansion opportunity on the West Coast. A property has just come on the market in Oregon, and your company needs to move fast. The company requires that you and three colleagues travel to Medford, Oregon, on short notice. Two days from now, your group must be in Medford by 1:00 pm to inspect the property and then meet at 8:00 am the next day to discuss a deal. You expect to be complete by 2:00 pm that day. Per company policy, employees fly commercially in business class (or better). A friend suggests that you might be able to save money if you charter a jet instead. This sounds like a crazy idea, but you decide to explore it anyway. Here are some assumptions:
To determine if chartering is a better deal, you will need to compare costs for the trip using charter vs. using commercial air. Items that you will need to consider:
Write a short essay describing your analysis, and make a recommendation for travel. Include justification for your recommendation.