Money » Taxes, Laws & Finance

December 1, 2007
Proposed regulations on deductions for entertainment use of business aircraft, issued by the IRS in June, are meant to help aircraft owners comply with changes to the Internal Revenue Code that were introduced in the 2004 Jobs Act. Those changes disallow tax deductions if certain top executives, called "specified individuals," use the aircraft for "entertainment."
June 1, 2007
Everyone agrees that age, and the experience that goes with it, are good thin
Alone, in their 50-seat commercial jet, the two young pilots decided to see what [the Bombardier CRJ200] could do," reported The New York Times in an article titled, "Just Before Dying, a Thrill at 41,000 Feet." The article described how the pilots took the aircraft up to its altitude limit of 41,000 feet.
February 1, 2007
Longer loans have led buyers to seek more fixed-rate financing.
The current climate for business aviation financing is not what you might expect. In today's market, you may have to wait three or more years for delivery of a brand-new aircraft. Meanwhile, inventories of many pre-owned models are lower than they've been in several years. With so few aircraft for sale, the financing business must be struggling, right? Wrong.
December 1, 2006
Thinking about making your aircraft available for charitable flights? Before you do, be sure you understand the relevant FAA and IRS rules. If you don't, you might wind up needing almost as much help as the charity.

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Quote/Unquote

“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”

-Steve Varsano