Money

February 1, 2009
You’ll have an uphill battle trying to convince the IRS that you need a Globa
What do a business jet and a stamp collection have in common? According to the Internal Revenue Service, both may be hobbies. If the IRS considers your aircraft a hobby, you won't be able to write off all the related expenses for tax purposes.
December 1, 2008
In recent years, it seemed there were five buyers for every aircraft. Now it
The general population may think jet owners are insulated from economic downturns, but the growing fleet of used aircraft suggests otherwise. Since the beginning of the year, available used inventory has risen considerably.
December 1, 2008
What you'll pay for air charter varies not only by aircraft type and model but by region. Here are the average per-hour rates for popular aircraft nationally and in the Southwest U.S., now and a year ago. Look for price data for other parts of the country in future issues.
December 1, 2008
A prominent aviation lawyer complained to me recently when his outraged client discovered he was being "back-to-backed." The lawyer wasn't pleased either, but he acknowledged that so-called back-to-back transactions are common in the business jet marketplace.
October 1, 2008
Gordon McCall's Motorworks Revival, which takes place annually at the Monterey [Calif.] Jet Center and serves as the kick-off for the Concours d'Elegance, lives up to its billing as "a very cool party...with classic cars and airplanes scattered over the acreage like a rich giant's toy box." So when our company received word from McCall that he had a static-display spot available for us at this
October 1, 2008
A demonstration flight can help you determine whether the cabin size and conf
You probably wouldn't dream of buying a car without test-driving it. Yet people sometimes purchase airplanes they have never flown in-or even seen. Some of these buyers rely on a trusted business associate or flight crewmember to look at the aircraft for them, but this is a risky idea. If you're purchasing the airplane and will be riding in it, you'd be well advised to check it out yourself.
October 1, 2008
What you'll pay for air charter varies not only by aircraft type and model but by region. Here are the average per-hour rates for popular aircraft nationally and in the Northwest U.S., now and a year ago. Look for price data for other parts of the country in future issues.
August 1, 2008
What you'll pay for air charter varies not only by aircraft type and model but by region. Here are the average per-hour rates for popular aircraft nationally and in the North Central U.S., now and a year ago. Look for price data for other parts of the country in future issues.
August 1, 2008
The tax treatment of many aircraft expenses isn’t obvious. Some costs, especi
When a company buys jet fuel for a business flight, the fuel will be consumed immediately. So the cost is tax deductible as an ordinary expense in the current period. Most expenses of owning and operating a business jet are like that-they can be deducted currently and thus offset taxes on current business income.
August 1, 2008
It dawned on me this morning that though I'm a used-aircraft broker, I have $90 million worth of offers on my desk for new jets-two aircraft that haven't even been built yet. So why are these transactions my business? Because when holders of new-aircraft positions look to resell them, they turn to used-aircraft brokers, not the jets' manufacturers, to orchestrate the deals.

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Quote/Unquote

“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”

-business aviation entrepreneur Nick Popovich