In The News

FAA Updates! The FAA enters the new millenium

The long-anticipated CARES initiative is expected to be up and running in October 2021. CARES, which was authorized (read mandated) by the FAA Reauthorization Act of 2018, brings the Federal Aviation Administration’s Aircraft Registry Branch into the new millennium.  Gone will be the days of 8+ weeks for filed documents to be recorded. There will […]

Wait…Do I Need To Export My Aircraft?

It might surprise you the U.S. Census Bureau’s Foreign Trade Regulations (15 CFR §30.26) requires filing in the Automated Export System (AES) in certain circumstances even if your aircraft is to be and remain N registered. Aside from military aircraft (as classified under ECCN 9A610.a or .b), an AES filing is required for non-military aircraft […]

Final FET Rule a big win for Business Aviation

  The IRS has issued its final rule regarding the 7.5% Federal Excise Tax (“FET”) on owner flights.  The issue arose  after the passage of the Tax Cuts and Jobs Act, which left ambiguity on whether FET is due when owners conduct flights on their own aircraft with a management company’s assistance. The IRS final […]

Hackers Keep Getting More Creative

  Hackers have caused a lot of sleepless nights for a lot of people and the aviation industry is no exception.  In fact, given the dollar amounts of many transactions, aviation is becoming more and more attractive to people with less than stellar intentions.  You may have had your lawyer or your broker or your […]

Lease Agreements! But wait, there’s more!

You’ve set up your operational structure for your “large civil aircraft” and you have your Part 91 lease in place, what now?  Whether you have purchased a new-to-you aircraft, or you are changing up your operational structure, you’ve found a new lessee to use your aircraft on a Part 91 basis, there are 2 more […]