They're pitched as useful tools to get executives where they need to be, quickly and efficiently. But more often than not corporate jets are just used so the CEO can have a quick beach vacation, according to the Wall Street Journal.
The newspaper looked at FAA records of every U.S. flight taken between 2007 and 2010. Their analysis of the data, published Thursday, found that for dozens of jets belonging to publicly traded companies, about 30 per cent of the trips were to resort destinations.
In some cases, more than 50 per cent of the trips were to sun destinations, or to remote areas where executives own homes, the paper reported.
Full Article
Source: CBC news
The newspaper looked at FAA records of every U.S. flight taken between 2007 and 2010. Their analysis of the data, published Thursday, found that for dozens of jets belonging to publicly traded companies, about 30 per cent of the trips were to resort destinations.
In some cases, more than 50 per cent of the trips were to sun destinations, or to remote areas where executives own homes, the paper reported.
Full Article
Source: CBC news
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