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
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.
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.
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.
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.
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.
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.
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