Violation of the FAA reimbursement/consideration requirements can carry risk exposure for both the employee and the company, and few employers are aware of these requirements. Minimizing liability risks may be done with a company policy for employee use of non-company aircraft on company business.
Only One Timeshare at a Time
July 2nd, 2010
Today’s budget-conscious company can inadvertently create an aircraft operating structure that is not in compliance with the FARs. One example of this can involve trying to “timeshare” the aircraft on a seat-by-seat basis.
Demonstration Flights
April 17th, 2010
Trusts, Estate Planning and the Family Jet
April 22nd, 2009
When a high-net worth family or individual is purchasing a jet that will be flown primarily for personal use, it can be useful to consider at the outset how the structure of the ownership and operation of the aircraft fits within the estate plan of the owner.
Jet Costs Under Control
April 1st, 2009
General Aviation Security
January 23rd, 2009
The Transportation Security Administration (TSA) published a Notice of Proposed Rulemaking (NPRM) on October 30,2008 that proposes new security requirements for all aircraft with a maximum take off weight of more than 12,500 pounds. The large aircraft security program (LASP) would also impose additional security requirements on airports that serve large aircraft.
