The latest news and information on private aircraft ownership and operations.
With the new year comes several realities. Perhaps that is a resolution to spend more time with family and friends, or to meet (or exceed!) a personal goal. But with the new year, changes in federal law also come into effect, such as a reduced deductions for bonus depreciation on
A federal court in Texas issued a preliminary injunction on December 3, 2024, halting enforcement of certain provisions of the Corporate Transparency Act (CTA). This decision affects CTA requirements for aircraft ownership and management entities. Companies subject to the CTA no longer need to meet the upcoming December 31, 2024 filing deadline, but enforcement may resume if the federal government wins an appeal. For further guidance, contact Jetlaw regarding your company’s obligations under the CTA.
In this Issue, Jetlaw tax attorney, CPA, and Partner Matt Mentzer explains how bonus depreciation works for fourth quarter aircraft acquisitions & how to calculate the bonus depreciation deduction. We also announce our Jetlaw Explained: Charter Edition is now available for purchase!
There’s not much time left to lock in a higher percentage of bonus depreciation on aircraft acquisitions before 2024 ends. If you have an aircraft on your wish list this year, here is everything you need to know about bonus depreciation and how the phaseout will impact the deduction.
In this issue, we feature Kent Jackson’s article on the EU Ramp Inspection Program from Business & Commercial Aviation, recap Jetlaw’s presence at the 2024 NBAA BACE in Las Vegas, and announce the release of our “Charter Edition” eBook, available now on our website.
Explore the European Union Aviation Safety Agency’s (EASA) Ramp Inspection Program, which ensures compliance with aviation regulations through thorough inspections of both member state and foreign aircraft. Learn about the inspection process, common findings, and best practices for operators.
Partner Kali Hague was featured in an article published by National Business Aviation Association, where she discussed various issues in single-aircraft business aviation operations that require legal counsel.
On August 7th, Managing Partner Kent Jackson and Partner Kali Hague delivered presentations at the ARG/US Connect event in Colorado. Kent provided insights into FAA regulations and collaboration with the FAA, while Kali focused on strategies to mitigate risks in both ground and flight operations.
On May 16, 2024, the FAA Reauthorization Act of 2024 was signed into law, marking a significant bipartisan achievement following months of negotiations between the House, Senate, and industry stakeholders.
Managing Partner Kent Jackson published an article in Business & Commercial Aviation (BCA), discussing the new challenges the FAA has faced since its last authorization and how the latest reauthorization bill addresses these challenges.
