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.
Personal Flights in Corporate Aircraft
Post Category: Point of Law
- April 4, 2011
- Kent S. Jackson
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