Home | Business News | Browse by Publication | B | Business Travel News

Corp. jet orders rise despite lingering stigma of excess.

Publication: Business Travel News
Publication Date: 06-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business jets--whether owned, fractionally held or chartered--continue to gain usage among U.S.-based corporations, according to manufacturers and operators, despite the federal Sarbanes-Oxley law's continual chokehold on corporate malfeasance and lingering perceptions of jet usage as corporate excess.

The 2002 law continues to shake up how public companies based in the United States monitor and document business processes, but companies have been able to create--and document--strong business cases for use of jets.

"Sarbanes-Oxley doesn't say you can't do something," said John Ohaver, vice president of corporate travel consulting firm Management Alternatives. "It just says, make a business case for what you're doing and document it. Before, it was those in the executive suite that just wanted to have it. Now, we actually have the auditors, the risk managers and the travel managers agree to it and say,...



More articles from Business Travel News
Corps. face scarce space: soaring hotel rates, occupancy drive buyers ..., March 06, 2006
Buyers relying on transient air deals., March 06, 2006
Contract mandate eases costs of mtgs. attrition., March 06, 2006
Mtgs. tech providers augment offerings., March 06, 2006
Resorts meet corporate groups' midweek golf demand., March 06, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.