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Debt Collection for the Luxury Travel sector

executive debt collection

Debt Collection for the Private Jet and Luxury Travel Sector

Whilst most visiting any of the UK’s major airports will be travelling on an airbus, Boeing 747 or similar jumbo jet aircraft, there are also many private jet and executive travel aircraft active across the world’s skies. Often perceived as being a something of a minor sector to those who don’t use it, the private jet industry is big business today and it only looks like growing bigger in the coming years.

The executive travel sector allows those at the very top of big business to enjoy unfettered access to efficient travel from point A to point B, which offers some obvious benefits over mainstream scheduled passenger services. There are a few ways in which private jets operate, which include one-off charters, private plane seat rental and company owned luxury private jets. They all have something in common, however, in that they all use specially designated areas that exist within major passenger airports around the world.

Operating Costs

Those offering private jet services in the executive travel sector have to bear the burden of considerable overheads in their operation. From fuelling costs to customs  to airport administration charges, there are a number of things that need to be paid for when this service is provided to a client. The cost of a single flight can run into the thousands and if the customer pays on account, we could be talking about a considerable sum of money if things have progressed to the point where payment is needing to be chased.

Unpaid Private Jet Fees or non payment of Private Limousine hire can have serious negative effects on that particular company’s cash flow.

Efficient, Cost Effective and Professional

When faced with a delinquent account, the potentially large outstanding amount involved is going to necessitate action and there is no better option than professional debt collection. Of course, we’d always recommend diplomacy and trying to work something out with a debtor beforehand, but if you’ve tried and it’s not getting you anywhere, a reputable debt collection agency is an excellent alternative to resolve the situation quickly.

The private jet and executive travel sector are areas of business where professionalism is highly important and reputable, professional debt collectors absolutely fall into that category. All they send is a clear indication to the debtor that the creditor means business, but all recovery work is delivered in a friendly and compassionate manner. A good professional debt collector has no interest in intimidating anyone or doing anything that’s going to make their client wish they hadn’t employed them.

Take Back Control

In a big-ticket industry like executive travel there is a potential for non-paying clients to owe considerable sums of money and without an adequate method for recovery in place, your company could end up losing big. That’s what makes professional and executive debt collection by a reputable company so effective in remedying the situation.

The alternatives are to either write it off or drag it all through the courts, which can leave you losing the will to live and losing much more in the financial costs associated with it. Neither are palatable or necessary with professional debt collection by an accredited company, so we’d say it’s at the very least worth checking out, wouldn’t you?

Federal Management have recovered debts and unpaid invoices from all niches within the Luxury Travel sector such as: Private Jet Hire, Chauffeur and Limousine Hire, Private Travel Expenses, Private Yacht hire and supporting concierge services.

Speak to our friendly New Business Team today for friendly and Professional advice on our UK and International Debt Collection services. All enquiries are treated in the strictest of confidence.