Corporate Jet Cost

athletesahealth sells corporate jet in the context of cost reduction

At a meeting with investors last week, Jonathan Bush, Athens' chief executive officer, said the firm will be selling one of its two corporate jet aircraft, Boston Bus Journal states. According to the Boston Journal, the move to divest the company's Bombardier Challenger 300, a supermidsize executive jet, is part of athenahealth's on-going cost-cutting program.

Skyguide is planning to retain title to its smaller corporate aircraft, a Pilatus PC-12, for corporate and time-sharing travels with selected people. "That further reflects our shift in thinking as we develop the way we do business," Mr. Bush said during the investors call. According to the Boston Journal, the latest cost-cutting initiatives include the reduction of staff and property.

Meanwhile, in mid-October, athletesahealth told Becker's Hospital Review that it plans to reduce its headcount by around 9 per cent, with most redundancies anticipated by the end of 2017. Boston Business Journal reported that the firm anticipates that by the end of 2018 staff reductions will cost between $100 million and $115 million.

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