Money » Taxes, Laws & Finance

October 1, 2011
One of the first things you hear about when you begin using business aviation in the U.S. is the mysterious but important distinction between Part 91 and Part 135 operations. Many people still think about the difference in simplistic terms: Part 91–good; Part 135–bad. The facts are considerably more complicated.
August 1, 2011
Chartering your own aircraft can help you save on sales and use taxes and, in
You wouldn't think of buying a house and then renting it to yourself. Why would you ever want to charter your own aircraft?
July 1, 2011
When BJT's 2010 Buyers' Guide appeared a year ago, all signs suggested a shift toward an aviation insurance market characterized by increasing premiums, restricted coverage availability and more rigid underwriting criteria.
July 1, 2011
Adding more ­passengers can sometimes make travel by business jet even less e
What does it really cost to fly privately and how do those expenses compare with the price of airline travel? BJT computed the roundtrip cost of a New York-to-Paris trip for four passengers via airline first class and via a wholly owned and chartered Gulfstream 550.
July 1, 2011
Veteran business jet users and first-time buyers alike have snapped up outsta
One of the first consequences of the 2008 Wall Street meltdown was the overnight disappearance of capital. At the time, many aircraft lenders still proclaimed that they were "ready to do deals," but often they lacked the financial horsepower to deliver on that promise.
June 1, 2011
The Federal Aviation Administration recently changed the rules that determine when executives may pay for flights on their company aircraft.
April 1, 2011
If your aircraft isn’t delivered until 2012, you can still qualify for 50-per
In what is becoming an annual or ­semi-annual event, President Barack Obama signed a tax bill last December that extended "bonus" depreciation for purchases of new aircraft, including business jets. With each extension, the level of enthusiasm among aircraft buyers and manufacturers has dissipated to the point where new announcements are more soporific than stimulating.
February 1, 2011
If you're in the market for a new business aircraft, the time to buy could be now. The reason is the bipartisan Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, which became law on December 17. The Act includes 100-percent expensing for tax purposes of investments in capital assets, such as business aircraft, purchased between Sept. 8, 2010, and Dec. 31, 2011.
February 1, 2011
Supposed stimulants for asset purchases based on tax breaks often have little
The good news about business aircraft financing today is that the money is back. One of the first consequences of the 2008 Wall Street meltdown was that capital disappeared faster than free beer. Many aircraft lenders still proclaimed that they were "ready to do deals," but often they lacked the financial horsepower to deliver on that promise.
November 30, 2010
The FAA’s move sent a wave of panic through the business jet industry, partly
Not everyone can register an aircraft in the U.S. For starters, in most cases you have to be a U.S. citizen, as defined by federal statutes and FAA regulations. Under applicable statutes and FAA rules, a corporation isn't considered a U.S. citizen unless its president, two-thirds of its board of directors, two-thirds of its "managing officers" and three-quarters of its owners are U.S.

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Quote/Unquote

“You’re absolutely right—and you can’t stand up in your [expletive] Rolls-Royce, either.”

-William Lear, in the early '60s, replying to a man who complained that he couldn't stand up in the original Lear Jet