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
FAA readies for tight FY2006
With the airlines arguing that they pay for more than 90 percent of the ATC system but don’t account for 90 percent of its use, and with the FAA confirming
Finance, Taxes, Insurance
Aircraft insurers adopt ‘wait and see' attitude about covering very light jets
Beyond the merriment that the very light jet is coming to market, the insurance industry is preparing to drop the curtain in the final act.
Finance, Taxes, Insurance
Aviation Finance: Low rates and competition create a borrowers' market but the economy may hold some suprises
A vibrant level of new aircraft deliveries, strong sales of used aircraft, low interest rates and competition among lenders have provided banks and other c
Finance, Taxes, Insurance
Compressing the Spread
Interest rates for aircraft loans and leases are typically negotiated individually for each case, so lenders rarely publish their rates.
Finance, Taxes, Insurance
Very Light Jets on the Horizon
For aircraft financers, insurance and the stability of the OEM are the main concerns when they consider the very light jets (VLJs), three of which are work
Finance, Taxes, Insurance
So What’s Happening to the Economy?
Unlike physics, economic forecasting is not an exact science, and significant natural disasters have a way of scattering the tea leaves.
Finance, Taxes, Insurance
Aircraft operators may not be aware of all taxes due
A letter from the Internal Revenue Service (IRS) can cause any taxpayer’s heart to skip a beat.
Finance, Taxes, Insurance
Crews need specific training for flying in the mountains
Pulling into position for takeoff or passing the final approach fix for landing, especially at a mountain airport, presents many challenges.
Safety
French investigative board blasts flags of convenience
The chief of the NTSB’s French counterpart is concerned that an increasing number of aircraft are flying under flags of convenience.
Finance, Taxes, Insurance
Strategies, Options & Perspectives: June 2005
Like the flu and other nasty bugs, the user-fee virus is making its periodic appearance as Congress considers FAA reauthorization, up for renewal in 2007.
Finance, Taxes, Insurance
Insurance Competitors Merge
Former insurance competitors Aero Insurance and AirSure have merged to form what officials say is now the “largest general aviation insurance broker in the
Finance, Taxes, Insurance
FAA Asks IRS to Suspend Fuel Tax
Business aviation groups welcomed a letter from the FAA to the commissioner of internal revenue asking him to suspend implementation of new fuel tax rules
Finance, Taxes, Insurance
Congress Moves To Stop New Tax Rules
Republican lawmakers have taken steps to shelve new tax rules in the 2005 Highway Bill designed to discourage truckers from using jet fuel to avoid higher
Finance, Taxes, Insurance
Aviation Insurance
Various aviation insurance professionals seem to agree that the overall market has stabilized with premiums still significantly higher than pre-9/11 levels
Finance, Taxes, Insurance
Insurance Trouble for Older Corporate Pilots
After being forced into retirement at age 60, some former airline pilots turn to corporate aviation to continue their flying careers.
Finance, Taxes, Insurance
Nav Canada sees growth in rate stabilization fund
After sustaining losses of C$116 million ($91.4 million) after 9/11, Nav Canada, the private, non-share corporation that owns and operates Canada’s civil a
Finance, Taxes, Insurance
Bank of America Forms Bizav Finance Division
Bank of America last month formed the Corporate Aircraft Finance Division, a group that combines The Private Bank’s Aviation Finance Division with the Bank
Finance, Taxes, Insurance
Revised SIFL Rates Are in Effect
The current Standard Industry Fare Level (SIFL) rates in effect from July 1 through December 31 are: 0 to 500 sm–$0.1926; 501 to 1,500 sm–$0.1469; and more
Regulations and Government
User fees get cool reception on the Hill
Calls to institute user fees to help pay for FAA expenditures in the future continue to generate little support in Congress, as evidenced by a hearing befo
Regulations and Government
Foundation proposes user fees, but not for piston GA aircraft
The libertarian Reason Foundation, which has been promoting privatization for more than 25 years, has published a new study calling for a user-fee sy
Finance, Taxes, Insurance
Committee approves beefier FAA budget
The House appropriations subcommittee on Transportation, Treasury and Housing has approved a Fiscal Year 2006 funding bill that includes $14.4 billion for
ATC
Inter-agency financing debate could delay progress on loran
They say that politics makes for strange bedfellows.
FBOs
FBOs want pilots to sign hold-harmless forms
In an attempt to limit their insurable losses and reduce premiums, some FBOs continue to ask transient pilots to sign hold-harmless forms.
Finance, Taxes, Insurance
Bizav groups see far-reaching implications for new tax rule
The 2004 American Jobs Creation Act could have entirely the opposite effect on business aviation due to an “overreaching” IRS interpretation that’s causing
Regulations and Government
FAA readies for budget crunch
If there’s one thing that FAA COO Russell Chew has going for him as he faces $8.3 billion in budget losses by 2009, it’s that he has lots of people on the
Finance, Taxes, Insurance
Legislation aims to restore funds for aeronautics R&D
Before it adjourned for its summer recess, the House of Representatives overwhelmingly voted to authorize an extra $1.3 billion for NASA over the next two
Finance, Taxes, Insurance
FAA searches for new funding source
Although the FAA is not yet advocating new taxes or user fees, the agency continues to emphasize that it needs a consistent, stable revenue stream that is
Finance, Taxes, Insurance
EU considers charging emissions fees
Within a decade, aircraft operators flying in the airspace of the 25-state European Union (EU) will likely have to start paying for carbon dioxide (CO2) em
Finance, Taxes, Insurance
Aviation Finance
A common admonition to investors is to regard a stock’s past performance as no guarantee of future results.
