Money

November 26, 2013
Charter pilots typically say they don’t expect tips but always appreciate them.
Bizjet passengers often express confusion about when to give gratuities to pilots and crews. Here’s help. 
November 21, 2013
If an employee travels on the company aircraft for personal purposes, the IRS treats the flight as a perquisite and the employee as a recipient of taxable income.
Calculating the cost of personal use is as complicated as it is important. When an employee takes a personal flight on his company’s aircraft, how do you calculate the trip’s cost or value? The answer depends on who’s asking the question and why.
October 7, 2013
If the lease rate is too low, a state may impute its own rate or perhaps disregard the lease and charge use tax on the full purchase price. (Illustration: John T. Lewis)
Good news: rates are at record lows. Bad news: a rock-bottom rate can trigger trouble.
October 4, 2013
Dassault Falcon 7X
Reduced inventories of several models suggest that, after years of weakness, the used-jet market is finally turning around. Though it’s too soon to start celebrating, we’re seeing more and more signs of a turnaround in the market for used jets.
August 6, 2013
Inventory Trends (click to enlarge)
Overall, jet buyers and sellers seem about evenly matched. But some models are in much greater demand than others. Gazing through the rearview mirror at the first half of 2013, we see that, overall, the number of used jets for sale is neither rising nor contracting. Some models are a different matter, however.
August 1, 2013
Maybe not, but you’d be wise to carefully consider the question.Unlike real estate lenders, most aircraft lenders don’t require title insurance, so airplane buyers rarely even know about it, let alone purchase it. That can be a big mistake.
June 26, 2013
Patch the holes in your aviation insurance
Two corporate aircraft runway accidents in recent years underscore the importance of understanding your aviation insurance policy and communicating key details to all pertinent parties. The 2007 accidents—in Nova Scotia, Canada, and Santa Barbara, California—resulted in no serious passenger injuries but caused millions of dollars’ worth of damage.
June 26, 2013
Global 6000
Interest rates remain at historic lows, in part due to the Federal Reserve Bank’s continued efforts to keep them there. Doesn’t this mean that you should finance your next business jet purchase?
May 13, 2013
Setting up an LLC just to own and operate your jet could mean asking for trouble.
If I owned a business jet, my worst nightmare would go something like this: my airplane is involved in an accident and I get sued for zillions of dollars in damages.
May 13, 2013
Gulfstream 550 (photo courtesy of Gulfstream)
It’s too early to predict overall sales for 2013, but one key indicator—the number of aircraft for sale—continues to tick lower, suggesting that a recovery is still ongoing. In fact, the number of available jets and turboprops is now at its lowest point in roughly five years.

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“What we need to do is always lean into the future. When the world changes around you and when it changes against you—what used to be a tail wind is now a head wind—you have to lean into that and figure out what to do because complaining isn’t a strategy. ”

-Amazon CEO and Washington Post owner Jeff Bezos at a press conference for the third-generation Kindle Fire tablet.