In The News

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 […]

Bonus Depreciation in a COVID World

The IRS is pretty strict when it comes to 100 Percent Bonus Depreciation under the 2017 Tax Act, especially on the fundamentals. Was your aircraft acquired and placed into service after September 27, 2017 and before January 1, 2027 – this one is fairly straightforward Is your aircraft ‘qualified property’ Is your depreciable property of […]

Perk or Pitfall – Non-Business Use of the Business Aircraft

Perquisites, like the use of the corporate aircraft, are an attractive way to solicit corporate talent and, when properly categorized, a good way for a company to make use of its already existing assets to retain that corporate talent.  Unfortunately, perks can also be a minefield when not properly navigated.  The minefield lays in how […]

Review of Timesharing Regs

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Review Any Aircraft Interior

NBAA Recommends Part 135 Operators Review Any Aircraft Interior Exemptions July 20, 2018 NBAA is encouraging members to review their records for exemptions related to aircraft interiors following a recent FAA InFo, which highlighted a safety situation that could impact some Part 135 airplanes currently being operated on charter certificates. The FAA became aware that […]

Size Matters – And So Do Your Needs

Size Matters – And So Do Your Needs July 11, 2018 When acquiring your first or subsequent aircraft, one of your primary decisions will be how you want your aircraft to be operated. Have you considered the requirements for establishing your own flight department, and are you prepared to undertake them? If not, you have […]