Effective January 19, 2021, new tax regulations clarify how the charter industry should address the Commercial Aviation Federal Excise Tax (“FET”) with managed aircraft. The new regulations will give the charter industry a new sales tool: charter flights for owners in their own aircraft will not be subject to FET.
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When Does “Sharing” Become Illegal Charter? The FAA Reauthorization Act of 2018 contains a section entitled “Report on Illegal Charter Flights.” The law includes several requirements to identify and combat illegal charter flights. The FAA has been revising inspector guidelines. They even sent a letter to every pilot on record
Taking the Long View on Short Term Solutions Contract Pilots Taking the Long View on Short Term Solutions With more business aircraft pilots joining the scheduled carriers, the importance and appeal of temporary contract pilots is gaining attention. What are the operational, insurance and legal considerations for these pilots and
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
Best Practices: Managing an Aircraft Management Company 5 Scenarios that could cost you money, and impact safety Let’s start with two questions to ask yourself: How qualified is this aircraft management company to adapt to the changing needs of my business and the marketplace? Am I paying fair prices and
Owning an aircraft free-and-clear is often the ideal. But, there are situations where shared aircraft ownership can work economically and logistically. When appropriately structured, a shared aircraft ownership arrangement can prove to be mutually beneficial. However, before entering into a multiparty ownership arrangement, it’s important to understand the potential downside,
Thinking of operating an aircraft in a sole purpose company to minimize liability? Think again. One of the most frequestly violated FAA regulations is also one of the most well-known, but misinterpreted, provisions. Click here to download full article.
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
Thinking of operating an aircraft in a sole-purpose company to minimize liability? Think again. One of the most frequently-violated FAA regulations is found in one of the most well-known, but misinterpreted, provisions. As a general rule, Federal Aviation Regulation (FAR) Part 91 operators may not charge or accept reimbursement for