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Speaking for my last organisation (still working out the policy in my new post):
Chief Exec – always entitled to business; eveyone else, depends on flight time:
Longer journies may be business provided at least one flight sector is over 6 hours. All else economy (even 18 hour trips with 2 x 5 hour flights and an 8 hour layover…)
No PE and no cost restrictions if a business need exists (provided within overall travel budget).