According to a new study of 60 high-grossing companies in Canada, business aviation users on average outperform non-users by 43 percent in revenue growth. The study, done by Nexa Advisors, also found that business aviation users could expect to improve earnings before interest, taxes, depreciation and amortization (EBITDA) at a rate of 50 percent higher than non-users.
Additionally, the report contends that business aviation users are almost three times as efficient as non-users at both using equity capital to generate income and increasing productivity of assets. The report’s results mirror the findings of similar studies done by Nexa for NBAA.
“The report proves what we had known all along: companies that use business aviation have a huge advantage and better financial results than those that don’t,” said Canadian Business Aviation Association president and CEO Rudy Toering. The findings in the Nexa report complement CBAA’s recently released 2017 Economic Impact Study that shows business aviation generates a total of $12.8 billion and 47,000 jobs annually in Canada.
Toering said CBAA is using both reports to “connect with leaders and influencers across Canada to increase their awareness of the value of business aviation to Canadians and to ensure regulations and policies do not damage this important aviation sector.”