Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
Finance, Taxes, Insurance
Citi helps buyers finance their business jets
The boom in demand for business jets is inevitably pushing prices skyward, and Citi Private Bank is here (Booth No.
Finance, Taxes, Insurance
Jetalliance offers new kind of aircraft lease
Austrian-based operator Jetalliance announced here on Tuesday that it is now offering what it claims to be a new kind of business aircraft financing called
Finance, Taxes, Insurance
New jet financing firm is created
Guggenheim Partners and UBS have formed Guggenheim Aero Finance, a corporate jet financing company that will combine worldwide reach with a streamlined app
FBOs
Gestair to invest $115 million in its fleet
Gestair Private Aviation has announced a $115 million investment over the next four years to further expand its 30-aircraft fleet.
Finance, Taxes, Insurance
Isle of Man registry a ‘M-ONEY’ shelter
A new European aircraft registry designed specifically for corporate jets–which promises a high level of service and competitive rates–has a range of M-pre
Regulations and Government
Corporate jet deductions in Congress’s crosshairs
Personal use of corporate aircraft is coming under increasing attack by Congress.
A bill has been submitted in the House of Representatives that seeks
A bill has been submitted in the House of Representatives that seeks
Finance, Taxes, Insurance
Bonus tax benefit bill may soon become law
The House of Representatives approved the American Jobs Creation Act of 2004 (H.R.4520) on June 17, paving the way for a one-year extension of the time all
Finance, Taxes, Insurance
VLJ insurance firms focus on pilot training
As deliveries of very light jets (VLJs) begin, concerns that they might be difficult to insure have almost evaporated.
Finance, Taxes, Insurance
USAIG contribution to training tops $2.5 million
Over the last seven years, U.S.
Finance, Taxes, Insurance
Boeing selling bizjet finance unit
At press time, Boeing was close to concluding a deal in which it will be selling its business-jet finance division.
Charter & Fractional
Tax seminar for air taxis on tap
A tax seminar specifically geared toward Part 135 air-charter operators will be held on May 17 in Las Vegas in conjunction with the National Air Transporta
Finance, Taxes, Insurance
Updated State Tax Guide available on CD-ROM
Want to know what your aviation state taxes are being used for, how to apply for refunds and other tax details? Then you might want to check out the 2004 S
Regulations and Government
California shuts tax law loophole
California has amended its aircraft sales and use tax law, essentially closing a loophole that allowed buyers of aircraft and other big-ticket items to esc
Finance, Taxes, Insurance
DOT IG Supports Current FAA Funding Method
The Inspector General of the DOT says that as long as Congress continues to mandate funding the FAA out of general tax funds, aviation taxes can fully pay
Finance, Taxes, Insurance
The inside track on acquisition planning
With so many choices available to companies and individuals contemplating alternatives to airline travel, what’s a business owner or prospective flight dep
Finance, Taxes, Insurance
IRS revisits personal use of aircraft
Although an article in The Washington Post last month implied that the Internal Revenue Service now sanctions the extensive personal use of compan
Finance, Taxes, Insurance
Editorial: FAA resource management
The FAA’s budgetary woes are but one symptom of the U.S.
Finance, Taxes, Insurance
Bizav insurance rates falling?
Business aircraft and large charter operators may start seeing reduced insurance premium rates within the next few months, if they haven’t already.
Charter & Fractional
Insurer presents Jet Aviation with safety award
Jet Aviation, the aviation services company founded in Switzerland in 1967, was recently singled out for a prestigious safety award by its insurer, AIG Avi
Finance, Taxes, Insurance
Rhode Island Issues Revised User Tax
The Rhode Island division of taxation issued a revised regulation regarding the application of a user tax to noncommercial aircraft in the state.
Finance, Taxes, Insurance
New Rates Published for Passenger Air Tax
The Internal Revenue Service recently published Revenue Procedure 2003-85, which provides inflation-adjusted items for 2004.
Finance, Taxes, Insurance
California Bank Targets Aircraft Buyers
Mission Oaks National Bank in Temecula, Calif., hopes to become the lender of choice for pilots shopping for general aviation airplanes and, in some cases,
Finance, Taxes, Insurance
How to make VAT savings
If you buy, sell or operate aircraft in Europe and have been liable to EU value added tax (VAT), a chat with Lasse Rungholm could help you to save lots of
Finance, Taxes, Insurance
GAO Sees User-fee Option for Funding ATC
While the debate continues over how best to fund the next-generation air transportation system, the Government Accountability Office (GAO) is of the opinio
Finance, Taxes, Insurance
Used-jet Price Indices Introduced
Everyone in the industry knows that new and used business aircraft sales, prices and inventories generally follow the overall economy.
Finance, Taxes, Insurance
NATCA Disputes Trust Fund Decline
In a report released early last month, the National Air Traffic Controllers Association said policy decisions by the Bush Administration, not inadequate re
Finance, Taxes, Insurance
ATOS, CSET tax airlines and FAA to limits
By just about anyone’s reckoning the FAA audit process known as the Air Transport Oversight System (ATOS) has turned into a horribly labor-intensive and ti
Finance, Taxes, Insurance
Skyrocketing taxes, fees hitting regionals hardest
As a percentage of a $200 airline ticket, taxes and fees more than tripled between 1972 and 2004 thanks to inflation, a decline in the real cost of airline
Regulations and Government
NBAA rallies troops for fight against user fees
The nation’s major airlines have declared war on business aviation and, as the weapon to win that war, they intend to push for ATC user fees to be levied u
ATC
Insurance rules may cut EU traffic
New European Union minimum liability insurance standards that took effect April 30 are causing some U.S.-based operators to rethink their trips to Europe.<
