Money » Taxes, Laws & Finance

August 1, 2009
You may have heard that is almost impossible to secure business jet financing these days, but to paraphrase Mark Twain, rumors of its demise are greatly exaggerated. Though the feeding frenzy among aircraft lenders is over, you can still find financing if you know where to look.
June 1, 2009
A citation bravo costs far less to operate than a global 5000, a potential pr
One seemingly enticing opportunity for business jet owners presented by the Federal Aviation Regulations (FARs) is the interchange agreement. The rule lets you "interchange" your jet with someone else's, allowing you, in the FAA's words, "to augment or more fully utilize" your aircraft.
April 1, 2009
Before feeling sorry for fractional owners, those who own whole aircraft shou
Nobody likes a tax audit. Even Internal Revenue Service agents would probably rather go fishing.
February 1, 2009
Ultra-long-term aircraft financing has proved challenging for lenders. A lot
The worldwide financial malaise that arose out of the subprime mortgage mess has finally infected business aviation. The industry initially appeared immune to the tightening of the credit markets, which seemed to encourage a "flight to quality" by lenders, straight to the nearest general aviation airport.
February 1, 2009
You’ll have an uphill battle trying to convince the IRS that you need a Globa
What do a business jet and a stamp collection have in common? According to the Internal Revenue Service, both may be hobbies. If the IRS considers your aircraft a hobby, you won't be able to write off all the related expenses for tax purposes.
December 1, 2008
A prominent aviation lawyer complained to me recently when his outraged client discovered he was being "back-to-backed." The lawyer wasn't pleased either, but he acknowledged that so-called back-to-back transactions are common in the business jet marketplace.
October 1, 2008
A demonstration flight can help you determine whether the cabin size and conf
You probably wouldn't dream of buying a car without test-driving it. Yet people sometimes purchase airplanes they have never flown in-or even seen. Some of these buyers rely on a trusted business associate or flight crewmember to look at the aircraft for them, but this is a risky idea. If you're purchasing the airplane and will be riding in it, you'd be well advised to check it out yourself.
July 1, 2008
Taking delivery of a business jet is exciting, but maintaining that excitement can be tough, given the daunting work that awaits. Putting aside practical considerations-such as hiring a management company, finding a crew and hangar space and preparing the aircraft for operations-a host of legal, tax, risk-management and financial decisions require attention.
April 1, 2008
Bonus depreciation can save you a lot on taxes–or not. It all depends on your
Bonus depreciation was introduced in the so-called Job Creation and Worker Assistance Act of 2002 in response to the economic malaise following 9/11. Under that act, if you contracted to purchase a factory-new aircraft on or after 9/11 and satisfied certain other requirements, you could start your tax depreciation with a 30-percent "bonus" amount in year one.
February 1, 2008
Since a $10 million jet is as much work for a bank as a $40 million one, the
Uncertainty about aircraft values in the current market poses a major challenge for the companies that finance their purchase. For many new aircraft, the wait for outfitted delivery is as long as five or six years. This backlog puts a lot of pressure on the pre-owned market, where inventories for some models are at all-time lows.

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“"My model for business is the Beatles. They were four guys who kept each other’s kind of negative tendencies in check. They balanced each other, and the total was greater than the sum of the parts. That’s how I see business: great things in business are never done by one person, they’re done by a team." ”

-Steve Jobs