Business Jet Traveler » August 2008

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
The challenge faced by Eclipse Aviation reminds me of the old joke: "How can you wind up with a million dollars by investing in aviation? Start with two million."
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
Many places make the dubious claim of being the "sport-fishing capital" of this or that species of game fish, but for trophy rainbow trout there's an obvious champion with no competitor: Alaska. And no billboards making the proclamation are required. Anyway, there aren't many roads where you're going-mostly just paths through the alders made by the largest brown bears on Earth.
August 1, 2008
During an encounter with wind shear at Chicago Midway Airport on June 5, the pilot of an Eclipse 500 pushed the thrust levers (throttles) forward with enough force to cause a software error that locked both engines at full power. Unable to slow the airplane for landing, the pilot elected to shut down one engine for the subsequent landing attempt.
August 1, 2008
In June, Hawker Beechcraft officially delivered its first Hawker 4000, the super-midsize flagship of its business aircraft fleet, to private owners. A ceremonial delivery to another customer occurred in 2006 but the airplane, then still not fully certified, was a leaseback demonstrator and the buyer never took possession.
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.
August 1, 2008
Last summer, Eclipse shocked aviation watchers by displaying a single-engine variant of its Model 500 twinjet VLJ. The Eclipse "concept jet," or ECJ, featured seating for four (including the pilot) and borrowed key elements from the 500, including the nose, wing, avionics and engine.
August 1, 2008
ExcelAire's new private jet terminal at Long Island [N.Y.] MacArthur Airport has received TSA approval as a gateway for travel to Ronald Reagan Washington National Airport. Facilities at 20 other airports also have such approval. The authorization for ExcelAire came after it passed TSA security checks and implemented special security procedures.
August 1, 2008
In the car’s tail sits a 480-hp liquid-cooled 3.6-liter flat six embodying mo
Aircraft and car builders over the years have mined the alphabet and assayed certain letters as precious metal-GT, R, S, X and Z come to mind-but one five-letter word still stands alone as the medal for power in a pint-size package. Turbo.

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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