AINalerts » June 9, 2005

April 25, 2007 - 10:28am

Dassault Aviation will decide by early next year whether to launch a smaller jet, chairman and CEO Charles Edelstenne said recently. Since production of the small, sleek Falcon 10 ended in 1983, Dassault has concentrated on building larger business jets. The apparently twin-engine jet now being considered would be priced below $20 million and would be about the size of the Falcon 50 trijet but have a shorter range.

April 25, 2007 - 10:26am

On Monday (June 13), the Internal Revenue Service is scheduled to officially publish IRS Notice 2005-45, Deductions for Entertainment Use of Business Aircraft. This notice will provide revised guidance to aircraft operators on the deductible amount of business expenses for use of a corporate aircraft for "entertainment" (personal use) that were imposed by the American Jobs Creation Act of 2004.

April 25, 2007 - 10:24am

European Union (EU) Regulation 785/2004, which went into effect April 30 and requires minimum aircraft insurance levels for war risk and third-party liability, has resulted in "severe financial impacts" for operators far greater than expected, according to the International Business Aviation Council (IBAC).

April 25, 2007 - 10:20am

Supersonic Aerospace International of Las Vegas is still working with Lockheed Martin on the Quiet Small Supersonic Transport (QSST), the 4,000-nm, 12-passenger, Mach 1.8, no-boom supersonic business jet (SSBJ) that SAI announced at last year's NBAA Convention. According to company president J.

April 25, 2007 - 10:18am

The six-woman jury in a wrongful-death trial ruled yesterday that Learjet (now Bombardier) should not be held responsible for the death of professional golfer Payne Stewart, his agent and four others who were killed Oct. 25, 1999, in the crash of their Learjet 35.

 

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