Last Thursday, the House Ways and Means Committee approved H.R.4718, a bill that would make accelerated, or bonus, depreciation permanent. If passed, this would allow for 50 percent of costs for new investments in equipment and software–a list that includes such things as business jets–to be written off in the first year. More than 150 groups, including NBAA and NATA, supported the legislation.
Regulations and Government
News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA reauthorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.
Significant numbers of business aircraft operators have made little or no progress in complying with key avionics mandates, according to new research commissioned by Honeywell Aerospace with data gathered from AIN readers. The survey identified the mandates for ADS-B out, Fans/PM-CPDLC datalink capability and Fans-1/A (North Atlantic region) as the most pressing concerns.
Triggered by the loss of an Air France Airbus A330 in June 2009 in the Atlantic and compounded by the loss of a Malaysian Airlines Boeing 777 in the Indian Ocean in March, representatives of ICAO member states and of the aviation industry agreed on a set of near-term priority actions and a framework for medium- and long-term objectives, at a special meeting on global aircraft tracking at ICAO in Montreal on May 14.
NBAA and more than 150 other associations and coalitions sent a letter last week to the U.S. Senate urging swift passage of a bill to restore tax incentives that expired last year, including accelerated depreciation on purchases of long-term capital assets such as business aircraft.
Embraer and Boeing signed a memorandum of understanding (MoU) to create a joint biofuels research center at a technological park near Embraer’s headquarters in São José dos Campos, Brazil. Under the partnership, the companies will be “developing and maturing the knowledge and technologies that make it possible to establish a sustainable biofuels chain for aviation.”
The Federal Aviation Administration has created a new interagency office to coordinate federal investment in the ambitious NextGen ATC modernization effort following the elimination of the Joint Planning and Development Office (JPDO). Congress erased funding for the JPDO earlier this year, 10 years after it required the Department of Transportation to establish the office under the Vision 100-Century of Aviation legislation that launched NextGen.
GAMA praised the U.S. House Appropriations Committee’s “continued strong support” for reform of the Part 23 aircraft certification process and the transition away from leaded avgas. “We are especially pleased by the committee’s emphasis on improving the certification process at the FAA,” said GAMA president and CEO Pete Bunce.
All 50 U.S. states have officially recognized the importance of aviation, and general aviation in particular, the Alliance for Aviation Across America announced. Except for Montana, which issued a letter, all have issued statewide proclamation through either the governor’s office or the state legislature. Most recently, the California Senate and Assembly issued proclamations of California Aviation Awareness Day. Just five years ago, virtually no states had issued statewide proclamations; now many states have begun issuing these proclamations annually.
The U.S. Export-Import Bank (Ex-Im) announced a new goal today, pledging $2 billion in financing for U.S.-manufactured business airplanes and helicopters by year-end. It reached a previously announced goal of $1 billion in financing for these exports in December, 10 months ahead of schedule.
One element of China’s current five-year plan is the improvement of the environment for general aviation, which includes business aircraft operations. New airports and infrastructure are being built, and more airspace is being made available for non-airline commercial and business operations. Many of the issues affecting this segment of the aviation industry will be addressed at the inaugural Open Skies Xian business and general aviation leaders forum to be held in September this year.