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June 21, 2007, 10:19 AM

The Internal Revenue Service (IRS) issued a notice of proposed rulemaking (NPRM) last week relating to the “deductions for entertainment use of business aircraft.” If the NPRM is made a final rule as proposed, the method of calculating deductions relating to the use of a private aircraft for ente

June 20, 2007, 12:57 PM

Saudi Arabia and the UK have already concluded the huge contract for 72 Eurofighter Typhoon combat jets that has been in negotiation for 18 months, informed sources told Aviation International News yesterday. The deal will be worth about $16 billion for the airframes alone.

June 20, 2007, 12:53 PM

NetJets, the founder of fractional aircraft ownership and the world’s biggest purchaser of business jets, put some more distance between itself and mere market mortals yesterday with an order for 96 new Cessna Citations valued at more than $1 billion.

June 20, 2007, 12:50 PM

Rolls-Royce has revealed exclusively to Aviation International News details of an entirely new family of two-shaft engines under development to power business jets and large regional aircraft.

June 20, 2007, 12:45 PM

This week’s spate of large-airliner orders, many confirming previous announcements, continued on Wednesday as Airbus and Boeing unveiled further business. More new deals could be revealed today. For example, International Lease Finance Corp.

June 20, 2007, 12:41 PM
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With the sheer numbers of aircraft and engines bought and sold this week at the 47th Paris Air Show, it is no wonder that everyone who is anyone in the world of aviation considers this a can’t miss event.

June 20, 2007, 12:25 PM

France and Germany’s militaries signed an accord to study future helicopter capabilities that could be available by 2020. The countries are interested in developing a transport helicopter larger than the NH90 medium twin. 

June 20, 2007, 12:23 PM

Adding to impressive sales tallies announced here this week, engine maker CFM said it landed South America’s Avianca as a customer for the CFM56B-5B engine to power 33 Airbus A319/A320s in a deal worth $500 million.

June 20, 2007, 12:21 PM

EADS Socata said Airbus has selected it to manufacture the nose fairing for the A330-200F freighter. Socata has supplied the airplane’s belly fairing for almost a decade.

June 20, 2007, 12:19 PM

Germany’s Blue Wings has selected IAE International’s V2500 engine for 20 Airbus A320s on order. The deal was valued at $350 million.

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