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.  This means that aircraft owners […]

“No bucks, no Buck Rogers.”  This quote from The Right Stuff neatly sums up the interrelationship between business aviation and the tax code.  Many years ago, Bob Dole was a Senator from the airplane-building State of Kansas.  Senator Dole was a commanding presence in the Senate, particularly when it came to crafting the tax code […]

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 about the new emphasis on […]

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 into one meeting place to […]

The 2016 election season has arrived, and with it, private aircraft owners have a unique opportunity to contribute more than a completed ballot, and accept more than a campaign promise.  FARs Part 91 generally prohibits an aircraft operator from charging for flights; however, section 91.321 provides an exception for operators providing flights to political candidates. […]

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.