Business Jet Traveler » October 2007

New rules affect entertainment use of business aircraft
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."
A Mixed Sales Report from Hawker Beechcraft
October 1, 2007
Activity in the second quarter of this year raised the order backlog at Hawker Beechcraft to a record $5.1 billion, roughly double what it was at this time last year. However, the purchase of Raytheon's aircraft division by GS Capital Partners and Onex Partners for $3.3 billion cash led to an operating loss of $36.6 million.
Amateur Aviators
October 1, 2007
It can be difficult for the family on one side of a weather front, where the
In a recent discussion of sports with my British colleague Charles Alcock, he talked about England's historic admiration for what he described as the "gifted amateur." This was illustrated best in the 1981 movie Chariots of Fire, the story of Harold Abrahams, the gold-medal winner in the 100-meter dash at the 1924 Olympics.
Where Flight Options Clients Spent Their Summer Vacations
October 1, 2007
Las Vegas topped the list of the most popular leisure destinations this past summer for participants in Flight Options' fractional ownership, aircraft management and charter
Embraer To Unveil New Business Jet
October 1, 2007
At press time, Brazilian manufacturer Embraer was set to unveil a full-size mockup of its proposed next business jet at the NBAA Convention in Atlanta in late September. According to company president and CEO
UK Operator Launches Fractional Program
October 1, 2007
Charter operator LyddAir has introduced Airshare, a fractional-ownership program offering pre-owned twin-engine piston and turboprop aircraft. At present, the fleet includes a pair of Piper PA31 Chieftains and a Beech Baron B58. The company, headquartered at Lydd Airport in southeastern England, is preparing to add a Hawker Beechcraft King Air 200.
The rules of the sky
October 1, 2007
When you're sitting in the back of a business jet, you're entrusting the aircraft and its pilots to deliver you safely to your destination. One big reason you can count on them to do that is because Federal Aviation Regulations (FARs) govern your flight.
Beware of buyback provisions
October 1, 2007
In the 1990s, a booming economy created fertile ground for fractional flying, a new form of private air travel that providers touted as having predictable costs and being much less expensive than full ownership.
Michael Pascucci
October 1, 2007
“We didn’t plan it, but lo and behold, I found we were making money with the
Michael Pascucci wanted to go to Florida. Never mind that he was only 13 and supposed to be in school. He bought an old Ford from a neighbor for $45; taught himself to drive; skipped out of classes in Manhasset, N.Y.; and, along with three friends, headed south.
The best classic golf courses in the south central U.S.
October 1, 2007
Brook Hollow Hole No. 3
Our series on America's best golf courses continues with a look at three of the best classic fairways in the south central U.S., as determined by Golfweek magazine's handpicked panel of 385 course raters. The raters, who are students of architecture, attend national workshops and each evaluate 15 to 20 courses per year.

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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