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Thank you everyone for your feedback, quite insightful. There is quite a large variance on policy.
Our current policy is :
business class for flights over 5 hours and for senior grades.
flights below 5 hours is economy.
Economy for all junior associates, no matter the flight time.
We’re based in Asia and the issue that we have is business class flights to USA are exorbitant. SQ/CX/United/AA/Delta can be as high as US$8-10,000 return to New York. Economy averages at US$1,500 so there would be considerable savings if everyone flies economy.
It would be a very unpopular move with senior executives if we remove business class travel, but the cost savings would be significant.
No decision has been made by finance yet, but I wanted to get an indication of what other firms were doing.
Thanks again for the input.