Once you’ve decided which type of service you need, you can drill down to the companies that provide those services, and choose from the various plane types. “Then you need to start asking the more difficult questions about financials and liabilities to minimize your risk and exposure,” says Riegel, who cautions that buyers need to consider the fine print when contracting for aviation shares. “Start by asking each provider where the hidden costs are, and how they can guarantee that you won’t exceed [your expected costs].”
Careful negotiation is critical, particularly in the fractional marketplace, where deals are “very nuanced and mismatches can be costly,” he adds. For example, all providers increase hourly fees as aircraft get older often hiding those increases among obscure footnotes which means used aircraft shares can look attractive at first glance, but actually be more costly than shares in a brand new or younger aircraft.
Despite this caveat emptor marketplace, businesses that shop carefully can reap the rewards of finding good value. “You can spend a lot of money and waste it but the right deal can be worth many hundreds of thousands of dollars,” says Riegel. And that’s not counting any additional productivity and comfort gained.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
0
1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
