Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
Wintrust Asset Finance announced a new division, Wintrust Commercial Finance Aviation Group, that will focus on financing solutions for business aircraft.
State senator that filed bill to impose a $1,000 landing fee on general aviation aircraft concedes it needs exemptions and would be mooted by federal laws.
Massachusetts legislators are floating bills that would impose a landing fee on general aviation aircraft and repeal a sales tax exemption for aircraft.
Business, personal, and other general aviation aircraft are set to be included in the Canadian government’s luxury tax that goes into effect next year.
The European Commission has approved the French bailout of Air France subject to conditions, including surrender of 18 daily slots at Paris Orly Airport.
U.S. and European Union trade representatives have been given four months to try to find compromise in the long-running dispute over aerospace subsidies.
The MRO arm of the Lufthansa Group attributes its product and customer diversity and investments in digital platforms for its ability to counter Covid-19.