Family Office
US Family Offices Want Their Business Aircraft To Do Good – Airbus
Business jets used by family offices have a variety of uses, including humanitarian and charitable purposes – a point that deserves more attention. In a new survey, ACJ, part of Airbus, shines a light on how wealthy families use these resources.
A survey of US-based family offices in the US who own or
lease business aircraft finds that the vast majority (87 per
cent) are open to using them for humanitarian and charitable
purposes.
The study, commissioned by Airbus Corporate Jets (ACJ), a
division of Toulouse-headquartered Airbus, finds that 77 per cent
of the family offices surveyed support local or national
charities by giving them some access to their aircraft. Some 44
per cent of them say they support the Corporate Angel Network,
which is a US-based 501 non-profit organization working with
cancer patients to get best treatment by the use of free travel
on corporate aircraft.
The research shows how the private and business aviation industry
has evolved, drawing attention to important aspects of this
sector. (To see a previous feature about ACJ by this publication,
click here.)
In other findings, the ACJ survey found that of those US-based
family offices interviewed that don’t make their aircraft
available for good causes, half said it was because they have not
appointed anyone to manage this, and 30 per cent say it is
because they don’t have enough spare capacity to start using
their aircraft for this purpose.
This news service
recently interviewed Chadi Saade, the president of Airbus
Corporate Jets, about the survey and the approach it takes to
such issues.
However, of those interviewed who don’t currently make their
aircraft available for charitable and humanitarian causes, 39 per
cent say they hope to start doing so within the next two
years, and 54 per cent say they hope to do so in the next two to
three years.
Over the next three years, 9 per cent of US family offices
surveyed say they expect the use of their business aircraft for
good causes to increase significantly, and a further 67 per cent
say they expect it to rise slightly.
A significant reason for family offices using their business
aircraft more for humanitarian purposes is their growing focus on
philanthropy. Over the next two years, 86 per cent say they plan
to increase their budget for philanthropy – 12 per cent expect a
significant rise.
Separately, 16 per cent of those surveyed say their budgets for
philanthropic causes have increased significantly over the past
three years, and 47 per cent say they have risen slightly. One in
five (21 per cent) say they have stayed the same, and just 15 per
cent believe they have fallen. One per cent say they didn’t
know.
For those that have increased their budget for philanthropy in
the past three years, 59 per cent say it has risen by between 20
and 30 per cent, and 19 per cent say it has increased by between
30 and 40 per cent.
To download a full copy of the report from ACJ, click here.
Source: ACJ
Business aircraft
ACJ offers a range of large business aircraft. It recently
launched ACJ TwoTwenty as part of a new market segment, called
“The Xtra Large Bizjet.”
The ACJ TwoTwenty, Airbus says, offers twice the cabin real
estate with strong fuel efficiency and reliability compared with
similarly priced ULR business jets. It occupies the same parking
footprint as competitive ULR jets and can take off from the same
airports, but the ACJ TwoTwenty operating costs are one-third
less, the manufacturer says. With a range of up to 5,650 nm (more
than 12 flight hours), the ACJ TwoTwenty can meet the
requirements of 99.9 per cent of all US departures (source:
Airbus Corporate Jets analysis of WingX data, January 2024), and
this connects city pairs such as Los Angeles to London, Miami to
Buenos Aires, and New York to Istanbul. ACJ says more than 200
Airbus jets are in service around the world.
A view from the cockpit
Source: ACJ