Corporate aviation business plans can one of two forms, depending on the business model you follow. If you own or plan to own a fleet of jets that you will rent out to companies seeking part-time use/ownership, that requires a different set of assumptions and inputs than a business model in which you manufacture corporate jets or hire out trained pilots to fly private aircraft. In the most common corporate aviation model, companies lease planes to corporations that want to have corporate jets but do not require them full-time. There are different plan levels depending on client size and needs, but typically at least 4-5 different firms will share the use of a plane over any given season. Key questions:
• What rates will you charge to clients?
• Where does your break-even point lie?
• What sort of aircraft can you offer?
• What is your geographic market?
• Do you have a set of potential clients identified?
The business plan for corporate aviation also entails some intensive research and legwork into things like market needs, competitive comparables, and the state of the commercial aviation industry generally. You must show that you know what the competitive field looks like and that you will be able to steal away market share from corporate aviation companies that are already in business servicing the same market base. Reflect this growing market share in your pro forma by making an appealing yet reasonable set of assumptions for your plan. Lost or need help? Call the expert business planning team at MasterPlans today to get a custom quote: 877-453-2011.
