You’ve probably seen ads and articles that suggest you can fly privately for prices that rival first-class airline fares and even coach prices. Last year, for example, Forbes headlined a story “How to Fly Private Jets at Airline Prices,” while The New York Times ran “Try a Private Jet, at Public Prices.”
Hopscotch Air, a small charter operator that uses five-seat single-engine Cirrus light airplanes, just celebrated its fifth anniversary, a notable accomplishment in this economy. The company—which focuses on short flights, primarily within a 300-mile radius of New York City—serves destinations throughout New England and as far south and west as Washington, D.C., and most of Ohio.
To start writing off your newly acquired jet for tax purposes in the U.S. you have to do more than buy it; you have to “place it in service” in your business. In recent years, the availability of “bonus” depreciation has only upped the ante on satisfying this Internal Revenue Service requirement.
One of architecture’s greatest minds talks about why that field matters—and why business jets do, too.
You don't have to buy or lease a Lamborghini to get behind the wheel. Just arrange a rental
Hindsight is 20/20—and in the fractional-share business, foresight may at best be about 20/1,000. In a market like today’s and with a rapidly evolving product like fractional, even the most seasoned insiders seem to lack a clear sense of what’s next.
“You want to make sure with a race in which you'll be flying home with other drivers that you don't crash into them. It's happened before, and it can make for a little bit of a tense situation.”