Personal Flights in Corporate Aircraft

Post Category: Point of Law

Since 1993, the FAA has prohibited executives from reimbursing their companies for personal use of company aircraft.  On December 30th, 2010, the FAA Office of Chief Counsel issued a change to Part 91.5019b)(5), the “Schwab Interpretation.”  Some, but not all personal travel by executives now meets the conditions for reimbursement.

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