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 […]

Congress passed the 2017 Tax Cuts & Jobs Act late last year, and President Trump signed the Act into law on December 22, 2017. The Act repealed the long-standing IRC § 1031 like-kind exchange provision and replaced it with a short-term provision that provides immediate expensing for aircraft (i.e. 100% depreciation in the first year […]

After taking 1st place in a qualifying race at Reno Championship Air Races, Kent Jackson gets ready to compete at AirRace1 in Thailand. Kent Jackson, Team Jetlaw"These things don't fly like anything else"🛩Team Jetlaw pilot Kent Jackson gets ready for #AirRace 1 World Cup in Thailand, which begins on 17 November.➡www.airrace1.comPosted by Air Race 1 World […]

The DOT published a Notice of Proposed Rulemaking to require air charter broker disclosures. That was back in 2013. Prior to this proposal, the NTSB began calling for such a regulation after the 2004 charter flight crash in Montrose, Colorado.  How is the DOT regulating “unfair and deceptive practices,” which are prohibited by statute, without […]