Jet Talk - Insights & Articles

The latest news and information on private aircraft ownership and operations

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NBAA BACE

Join 27,000 industry professionals for the most important three days of business aviation. Ranked as the sixth largest trade show in the United States, the Business Aviation Convention & Exhibition (NBAA-BACE) will be held Nov. 1-3, 2016, in Orlando, Florida, bringing together current and prospective aircraft owners, manufacturers and customers

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Use Your Aircraft to Increase Benefits

Establishing a corporate shuttle can present numerous economic, legal and logistical challenges, but the long-term benefits, including internal and tax advantages, can make the effort worthwhile. Click here to download full article.

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Tax Tips & Traps to Avoid When Buying a Jet

Before entering into an aircraft purchase agreement, it’s imperative to understand that sales and use tax requirements are state-specific. Failing to account and plan for sales and use taxes can result in an unexpected tax bill including substantial penalties and interest. Many states are increasingly prone to audit jet aircraft

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Why a Single LOA May Be Insufficient

When purchasing a new aircraft, or making a change in the operating structure, often the last items to be considered are the FAA Letters of Authorization (LOA) for operations. For years the operator specific nature of the LOAs has gone unnoticed by the FAA, and the business aviation industry. Ongoing

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Liability Concerns Shouldn’t Stop SMS

SMS is essentially a quality management approach to controlling risk. Corporate lawyers tend to obsess about potential liabilities associated with aircraft, so they should love SMS. Except that they don’t. Lawyers also fear records. They hate having information that can be subpoenaed, especially if there is no clear regulatory requirement

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Sharing Aircraft Under FAR Part 91

For U.S. Operators, charging someone for a ride in the company jet is a subject thick with claims and counterclaims, ignorance and outright bad behavior.  The arguments are old, but some of the consequences are new.  Today, the IRS may be more likely than the FAA to punish practitioners of

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