In The News

Wait…Do I Need To…

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…
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Final FET Rule a…

  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…
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Hackers Keep Getting More…

  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,…
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Air Law Office appears…

On Wednesday, February 24th, Keri Dowling appeared on the ever popular CJI Town Hall.  Keri and the other presenters discussed aircraft transactions generally and the state of the industry.  At…
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Lease Agreements! But wait,…

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…
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Bonus Depreciation in a…

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…
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