First, some good news: aircraft ownership, while expensive, offers many tax benefits. A business jet may generate, say, $2 million of out-of-pocket costs annually, but if all of those costs are deductible against taxable income, your after-tax out-of-pocket costs might be only $1.2 million.
Bizav Basics
August 1, 2007
All takeoffs are optional but all landings are mandatory.
It's one of those clever dark-humor catchphrases that permeate aviation and it speaks an unerring truth. Once you break ground and clear the security of the runway, you've left behind the one option that absolutely guarantees you will not have an airplane crash today.
June 1, 2007
You're getting where you need to go-most of the time, at least. But what about everyone else in the company who needs to fly? Is the corporation missing opportunities? Are you paying too much for aviation services?
It can be challenging for top management to answer such questions. Here are 10 rules to follow to ensure that your flight department is operating effectively.
April 1, 2007
If insuring a jet were like insuring a car, you wouldn't need this article-or much help at all. You'd simply call your insurance agent, tell him what model you were buying, make a few quick decisions about coverage limits and be done with it.
April 1, 2007
Ask a pilot what keeps an airplane in the sky and he'll most likely talk about the forces of lift, thrust, gravity and drag; power-to-weight ratios; and possibly "airfoils"-the word used to describe the wings' shape. Or maybe he'll answer simply, "Your credit card." Either way, it's not much comfort when you're eight miles above terra firma with no visible means of support.
February 1, 2007
Exactly how do you suppose the imminent arrival of very light jets will change the aviation landscape? We've heard opinions from an army of analysts, but history makes clear the hazards of paying too much heed to "expert" prognostication.
December 1, 2006
Chartering out your jet when you don't need it can seem like a no-lose proposition. It's certainly not earning you any money sitting in a hangar. On the contrary. So why not put it to work to help defray your ownership costs? You may well want to do just that, but not before you've carefully weighed the pros and cons.
December 1, 2006
For private jet travelers intent on satisfying their own "urge for going," winter flights south often begin with a quick, cold dash from the limo or terminal across a wind-blown, icy ramp to a toasty preheated cabin. The rest of the flight passes in climate-controlled comfort until you emerge-relaxed and refreshed-to take on the sun.
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“You are so motivated to make sure the trip goes smoothly, because you know that the organs of these two kids are now going to save the lives of more than just a handful of other kids.”
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