Bizav Basics » Ownership

Taxing Situations
August 1, 2007
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.
Make the most of your flight department
June 1, 2007
“People tend to fall in love with a particular business jet,” which often res
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.
Insuring the bird
April 1, 2007
Insurance solutions can change when your pilot is based on your yacht, your n
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.
To charter your jet or not to charter your jet-that is the question
December 1, 2006
A clear understanding of the partnership between aircraft owner and managemen
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.

Pages

 

Quote/Unquote

“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.”

-Racecar driver Helio Castroneves