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.
Money » Taxes, Laws & Finance
June 26, 2013
June 26, 2013
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
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.
February 26, 2013
Having emerged battered and bruised from the 2008 recession, aircraft lenders face fresh challenges. While worldwide economic woes linger like a bad cold that won’t go away, these lenders can expect accounting and regulatory changes that may have a significant impact on their business.
January 28, 2013
For most corporations, the purchase of a business jet represents a major transaction that requires approval of the board of directors. What should the directors consider when the company is thinking about buying an aircraft?
August 15, 2012
When you need legal help buying, owning, operating or selling an aircraft, whom do you call? Many people contact their regular business attorney. That can be a big mistake.
July 20, 2012
As a big-ticket asset promising large potential tax adjustments, a business jet easily captures the attention of IRS auditors. Given the woefully complicated tax rules applicable to these aircraft, who can blame the IRS for seeking additional revenue opportunities in the flight department?
April 20, 2012
Like other lawsuits, most of the ones involving business jets are settled out of court. Every once in a while, though, a corporate jet case will not only reach a judge but produce a decision that shines a spotlight into some dark corner of business aviation. One such case is JDI Holdings, LLC v. Jet Management, Inc., et al., 732 F. Supp.
February 1, 2012
In these days of sluggish economic recovery and historically low interest rates, the biggest competition for those offering business jet financing is a four-letter word: cash. Those who still have the resources to buy aircraft often prefer to pay cash rather than finance, for the simple reason that they now have few other attractive places to put their money.
November 15, 2011
Sports fans panicked a couple of years ago when the Department of Transportation, the FAA's parent organization, ordered a charter service run by Air Canada to cancel sports-team flights in the U.S.
“"Not everything can fly. We will not install a swimming pool or a fireplace. That is not possible."”
-Walter Heerdt of Lufthansa Technik
February 1, 2012
January 12, 2012
December 1, 2011
May 30, 2013
November 26, 2012
December 5, 2012
April 30, 2012
August 14, 2014