Budgeting for Smaller Aviation Operators
NBAA – Business Aviation Insider May/June edition
Managers of smaller flight departments looking to construct their first budget may feel like they are venturing into unknown territory because every budget is different.
“Budgeting is often a mystery to aviation directors who have extensive experience with the technical side of aviation – either flying or maintenance – but not as much experience on the business side,” said Brian Koester, CAM, NBAA’s director of flight operations and regulations and staff liaison to the association’s Small Flight Department Subcommittee. “Some aviation directors don’t know where to start when it comes time to develop or manage a budget for an entire flight department. Even a single-aircraft operation involves complicated expenses and long-term planning.”
