The European Commission is refusing to back down over the implementation of its controversial emissions trading scheme (ETS), even in the face of possible new legislation that would make it illegal for U.S. aircraft operators to comply with its requirements.
Financing, Insurance and Taxes
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
Leasing group Milestone Aviation announced today its first deal involving Eurocopter aircraft through an agreement to place four new EC145s with Mexican operator Transportes Aereos Pegaso. The helicopters, which have just been delivered from Eurocopter’s factory in Donauworth, Germany, will be used for a support contract that Pegaso has with Mexican government utility group Comisión Federal de Electricidad.
The European Business Aviation Association (EBAA) has appointed an airline lobbyist as its new leader. Fabio Gamba, most recently deputy secretary general of the Association of European Airlines (AEA), will join the business aviation association as CEO on September 1. EBAA’s current president and CEO, Brian Humphries, will remain as president.
The vision of the satellite-based, data-centric, network-enabled transformation of the ATC system known as the Next Generation Air Transportation System (NextGen) has entered mainstream discourse in the U.S., but so too has the realization of its formidable cost.
In a resumption of his campaign against business aviation, President Obama yesterday called for an end to “tax breaks” for corporate jet owners.
Missouri Sen. Claire McCaskill (D), who is likely to face a tough re-election race next year, is selling the share of a Pilatus PC-12 she and her husband own following disclosure that they owed more than $287,000 in property taxes on the single-engine turboprop. She has since paid the taxes.
As the 112th Congress kicked off its first legislative year, the incoming chairman of the House Transportation and Infrastructure Committee was gearing up for another run at FAA reauthorization.
Rep. John Mica (R-Fla.) was hoping to hold hearings before the end of last month on a new funding bill for the agency. And once again, general aviation was closing its ranks to head off any potential user fees.
A growing number of business aircraft transactions has prompted London-based aviation law firm Gates & Partner to consider opening an office in the Middle East. Partner Aoife O'Sullivan is here at the MEBA show this week partly to engage with prospective clients, but also to consider options for establishing a permanent presence with a local attorney.
Tired of lugging around slippery bundles of receipts and having to figure out what they were for and when and where you generated that expense for that painful aspect of business travel, the expense report? Gorilla Expense, a new NBAA exhibitor at Booth No. 4641, has developed software to make the expense process easier.