Money

September 7, 2015
(illustration: John Lewis)
Business aviation is regulated and watched by an alphabet soup of government agencies—FAA, IRS, DOT, SEC, state authorities and others—that don’t see eye-to-eye on key issues. A January 2015 federal District Court decision illuminates an excellent example: the disagreement between the IRS and FAA over who is providing transportation to whom.
August 30, 2015
Hands holding piggy bank
How should you talk to your kids about money? All parents face the question of how to raise financially literate and responsible children, but affluent families encounter special challenges. The key is starting early—perhaps even as soon as when your child receives his first tooth-fairy dollars.
August 16, 2015
Bombardier Global 6000
Prices have been coming down on preowned jets, so it may be worth investing in your own aircraft if you’re flying often enough with a jet card or fractional-share program.
August 9, 2015
A wounded war vet and an inmate with a dog from Puppies Behind Bars.
Puppies Behind Bars trains prison inmates to raise service dogs.
July 5, 2015
Buyers who face long waits for a new airplane may consider leasing on a short-term basis. (Illustration: John Lewis)
An aircraft buyer waiting for delivery of his new Gulfstream G650 once complained that the manufacturer “wasn’t promoting instant gratification.” Who could blame him? The scheduled delivery was eight years away. With a wait like that if you don’t have another aircraft that you don’t mind flying for the better part of a decade, you might as well buy one to tide you over.
June 30, 2015
As a charitable trust grows, its annuity will grow. (Illustration: John Lewis)
Are you facing the enviable task of trying to make a huge capital gain disappear legally? Well, if charitable giving is also on your to-do list, you should consider a charitable remainder trust.
June 16, 2015
Michael J. Fox
The Michael J. Fox Foundation for Parkinson's Research is working to find a cure by funding aggressive "high-risk, high reward research"
June 16, 2015
Brokers expect a host of new helicopter models, including Sikorsky's S-76D, to bring fresh inventory to the preowned market.
Are sales of preowned helicopters poised to go vertical? Like the fixed-wing market, the corporate segment of the rotorcraft industry took a hit after the U.S. economy’s ’08 meltdown and has yet to fully recover. “Executive transport is down,” says Bruce Kantenwein, vice president of Eckhart Helicopter Sales in Grayslake, Illinois. “It’s a very difficult market.”
May 15, 2015
A business jet.
What’s driving today’s faster depreciation rates?
April 20, 2015
Illustration of pile of paperwork and business jet engine
Governmental agencies demand that aircraft owners maintain voluminous, detailed records. Specialized software can help.

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Quote/Unquote

“For us, it’s a business tool. When we were going over plans for the [G450’s] interior, they showed us linens to choose from. Linens? We didn’t care about linens. We’re kind of brown-bag guys. ”

-Taylor Guitars cofounder Kurt Listug