After five years in proposed form, the IRS issued its final rule today disallowing tax deductions for “entertainment” (non-business) use of business aircraft. The rules apply whether the company owns, leases or charters the aircraft.
AINalerts » July 31, 2012
Bombardier Aerospace will temporarily cease production of the Learjet 60XR later this year due to flagging demand for the $13.71 million eight-passenger twinjet, the company announced to employees at its Wichita facility late last week. Though the “production pause” will start late in the fourth quarter, “We will continue delivering Learjet 60XRs into 2013 and we will be honoring all orders for the airplane,” a Bombardier spokeswoman told AIN.
There have been no airspace or parking problems at London Biggin Hill Airport since the Olympic Games started last week, according to airport business development manager Robert Walters. “There’s lots of space…it’s not bedlam, and slots are flexible and well managed,” he said on Friday during a press conference.
Diamond Aircraft brought D-Jet prototype S/N 003 to EAA AirVenture Oshkosh last week, displaying publicly for the first time the jet’s new upswept wingtips. “At this point the aerodynamic configuration is frozen,” said Diamond president and CEO Peter Maurer. The new wingtips have “a positive effect on the stall speed and roll control, but also the overall aesthetics,” he added.
Embraer released its second-quarter results this morning and the Brazilian OEM’s executive jets division showed a relatively healthy jump in deliveries from 13 in the first quarter to 20 in the second. The overall improvement in the company’s total second-quarter revenues, from $1.155 billion in the first quarter to $1.717 billion in the second, is no less attributable to the jump in airliner deliveries, from 21 in the first quarter to 35 in the second.
The Helicopter Association International (HAI) is contemplating filing a lawsuit challenging the mandatory North Shore VFR helicopter route over New York’s Long Island that the FAA recently enacted. The route becomes effective August 6 and has drawn fire from operators because a substantial portion of it is over water.
GE Aviation launched two derivatives of its recently certified 800-shp H80 turboprop engine–the 750-shp H75 and 850-shp H85. Like the H80, the H75 and H85 will be aimed at the agricultural, commuter, utility and business turboprop segments. EASA and FAA certification of the derivative engines is expected early next year. The H75 and H85 will be certified and manufactured at GE Aviation’s facility in the Czech Republic, where production of the H80 is already under way.
Gulfstream Aerospace recently delivered the 600th Gulfstream jet equipped with the PlaneView cockpit, nine years after the flight deck entered service. The milestone aircraft was the 362nd G550 to be delivered. In addition, Gulfstream has installed more than 250 synthetic vision systems and enhanced navigation systems. Meanwhile, the company is in the last phases of certifying PlaneView II, the “advanced” flight deck that will make its debut on the Gulfstream G650, which is expected to enter service later this quarter.
Quest Aircraft unveiled new Tundra and Timberline interiors for its Kodiak turboprop single. The new interiors, which will be available on 2013 models, feature Kydex panels with composites, which will contribute to a weight reduction and thus improve the useful load. In addition, the interiors include a refined headliner, enhanced soundproofing, sidewall storage pockets, restyled cockpit seats and center pedestal closeouts. Customers will be able to select from two different interior color variants.
CAE inaugurated pilot and maintenance technician training programs today at its Ansett Aviation Training facility in Melbourne, Australia, for the Beechcraft King Air 350 with Rockwell Collins Pro Line 21 avionics. The program features a new full-motion simulator, which is qualified to level D standards by the Australian Civil Aviation Safety Authority. Besides business aircraft operators, the King Air 350 simulator will be used to train military pilots, according to CAE.
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