You are the Chief Operating Officer (COO) of a large multinational construction supply company who just acquired a Gulfstream IV aircraft to transport key personnel between Europe and North America. The Chief Executive Officer (CEO) assigned you with the task of writing a report analyzing and recommending whether to hire a management company to operate, schedule, and maintain the aircraft, or to set up your own corporate flight department. 

What factors would you take in consideration when submitting your recommendation to the CEO? Why? Explain in detail.