A Step Up from First
In an age of Sarbanes-Oxley where publicly listed companies are under increased scrutiny for perceived extravagance, corporations are more sensitive to how luxury spending is viewed by practically everyone – regulators and rank-and-file workers, the press, the shareholders and the general public.
And besides, with flat-bed seats in business class rapidly becoming the norm for long-haul flights, more and more companies have come to realize that their employees can still enjoy a healthy rest when flying in business, with little to no adverse effects on productivity. So what value is there in a considerably higher fare?
Of course, for some companies the most desirable – and perhaps most cost-effective – travel option for the ultra-affluent is private jet, especially when traveling in a group. And it’s a segment that has not gone unnoticed by commercial airlines, as a number of