Money » Taxes, Laws & Finance

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.
August 1, 2010
Opportunities to mitigate IRS or SEC difficulties by paying for non-business
One of the biggest challenges posed by FAA regulations is how to pay for a flight on a non-commercial aircraft.
July 1, 2010
Business jet finance probably hit bottom in early 2009. Loans have become much more available since then, but we've yet to return to the halcyon days of 2007, when you could readily arrange 100 percent financing for aircraft at purchase prices that today seem grossly inflated. As Bank of America's Michael Amalfitano pointed out, "The days of aggressive deals at thin pricing are over."
July 1, 2010
Keep in mind that while premiums have dropped dramatically in recent years, t
After three straight years of historically low premiums and greatly expanded coverage offerings, the struggle among aviation insurance companies to gain or hold market share has begun taking its toll. Last year the industry experienced one of its worst for aviation claims since 2001, and 2010 continues the trend.
June 1, 2010
When searching for a specific aircraft tail number, it's easy to conclude that all the good ones are taken. The folks who operate the FAA registry in Oklahoma City, however, think they've found a way to make many of these "unavailable" registration numbers magically accessible to the rest of us.
April 1, 2010
Executives often hear about the tax advantages of security programs, but its
An oft-cited benefit of business jets is that they provide greater security than the airlines. This same benefit can reduce your taxes, too.
February 1, 2010
Unless you’re Bill Gates, obtaining financing is no longer simply a question
The business jet finance field is unique because business jets are unique. For one thing, they move around-fast. A Gulfstream G550 that's in Zurich this morning could be in Tehran tonight.
December 1, 2009
If you own an aircraft and lease it out, can you be liable for damages caused when the lessee is operating it? The answer reminds me of a joke my securities law professor, Louis Loss, used to tell about a client wanting to hire a one-handed lawyer so the lawyer couldn't say: "Well, on the one hand...but on the other hand."

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Quote/Unquote

““It’s not so much a frenzy as it was before, but in the long term it’s going in the right direction.” ”

-Carey Matthews, general manager of Shanghai Hawker Pacific Business Aviation Service Centre at Hongqiao International Airport, on the business aviation market in China.