The NBAA has appealed an FAA administrative decision to the next level, which in this case is to the FAA Associate Administrator for Airports.  Here is the question on appeal:  Does the federal prohibition on revenue diversion – as set forth in assurance #25 for Airport Improvement Program (AIP) grants (as mandated by 49 U.S.C. […]

Congress recently clarified that aircraft management fees should not be subject to Federal Excise Tax (FET), nor should flights be operated by the aircraft owner.  However, there are still many gray areas for business flight operations that want to collect reimbursement for flights without taking on FAR Part 135 certifications.  Read the full article…

More sales and potential buyers have created an uptick in the market for pre-owned aircraft.  The low inventory of U.S. registered aircraft makes purchasing an internationally registered aircraft a viable option.  Before going all-in on a foreign registered aircraft, consider these issues…Read the full article…

Prior to 2009, Aircraft financing was generally straightforward and often generous.  With a virtual shortage of aircraft (new and used) on the market, lenders did not shy away from supporting what are sometimes characterized as “risky,” high-dollar assets.  In fact, financiers went so far as to seek out aircraft financing opportunities by aggressively marketing low […]

The “2017 Tax Cuts & Jobs Act” made it through the U.S. Congress in the waning days of December.  The controversial bill has garnered so much attention.  There are, however, some important provisions relating to aircraft purchases, operations and federal excise taxes that drew little notice by the media as the bill raced through the […]

Perhaps the most persistent FBO nightmare remains the February 2010 hangar collapse at Dulles Jet Center that damaged 19 aircraft. But snowmageddon hangar collapses are rare. Far more common are the dangers of a patch of ice at the bottom of an airstair, a harried lineman speeding in a fuel truck with bad brakes, or […]