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| Financing, Insurance and Taxes |
How to make VAT savings
May 05, 2006
If you buy, sell or operate aircraft in Europe and have been liable to EU value added tax (VAT), a chat with Lasse Rungholm could help you to save lots of money. You will find Rungholm by a beautifully maintained Beech 18 on the ramp, which OPM Aviation Services (OPMAS) acquired a month ago and flew here from its Aarhus, Denmark headquarters to publicize...
moreTronair acquires JETporter
May 05, 2006
Tronair, manufacturer of ground support equipment for a range of users including general aviation and corporate aircraft operators, has acquired JETporter, a major player in the aircraft towing industry.
The products of the two companies are complementary, as EBACE visitors will quickly discover by visiting Booth No. 1213.
The JETporter tugs are...
moreCessna’s Pelton says new user fees groundless
February 26, 2006
Calls to replace the aviation fuel tax with a new user fee structure as a means of funding improvements to U.S. airspace management are not supported by a business case, according to Cessna Aircraft chairman, president and CEO Jack Pelton. Speaking to government and industry officials on Friday at the Washington Aero Club, Pelton said too many myths have...
moreUnique Local Tax Credit Plan Continues
February 01, 2006
A plan implemented last year to offset the city and county tax burden on airplane owners at Pitt-Greenville (N.C.) Airport has attracted more aircraft owners to the airport. The Greenville City Council and Pitt County Board of Commissioners each unanimously voted to continue funding this year for a stimulus plan that provides about $150,000 in credits to...
moreExec perks subject of SEC proposal
February 01, 2006
More detailed reporting of top executive compensation, including such perquisites as personal use of corporate aircraft, is the aim of new proposals from the Securities and Exchange Commission (SEC). One of the proposals would lower the threshold at which perks must be disclosed. Companies currently must reveal perks if the total aggregate value is more...
moreAircraft acquisition planning seminar
January 01, 2006
Tax law change garners attention at annual Conklin & de Decker course
moreWith Planning, Aircraft Acquisition Is Less Taxing
January 01, 2006
Conklin & de Decker part owner Nel Sanders-Stubbs, for years the NBAA’s prime source of tax knowledge and expertise, gave Conklin & de Decker aircraft acquisition planning seminar attendees some insights on what to expect in the way of federal passenger excise taxes as well as state sales, use and registration levies.
She observed that operators and...
moreILFC first 787 lessor
November 22, 2005
International Lease Finance Corporation (ILFC) has become the first named major lessor to order the Boeing 787 under an agreement covering twenty 787-8 and -9 aircraft (and options on a further four) valued at $2.7 billion at list prices. Deliveries are set to start in January 2010 and continue through the following year.
ILFC president and chief...
moreInterest Shown in Bexair’s Airplane Financing
November 22, 2005
Bahrain Executive Air Services (Bexair) is seeing strong interest in its new aircraft financing venture, Arabian Aircraft & Equipment Leasing Co. (AAELCO). “Everyone is interested,” finance and administration director Marwan Al-Tassan said here yesterday. “There is demand from buyers but they can’t get the financing from the banks. If they come to Bexair...
moreU.S. Exim Bank bankrolls NAS Gulfstream purchase
November 22, 2005
The U.S. Exim Bank has approved a long-term loan guarantee to support the sale of three Gulfstream G350 business jets to Saudi Arabian executive air transport provider National Air Services. Gulfstream signed a letter of intent in May for the aircraft, which the Exim Bank accord finalizes. The transaction is structured as an asset-based financing...
moreBexair To Launch Finance and Service Ops⽫
November 20, 2005
Charter operator Bahrain Executive Air Services Co. (Bexair) is announcing the launch of a new aircraft financing operation here at the show. The firm plans to provide business aircraft handling services at an undisclosed Middle Eastern airport, as well as for new passenger shuttle and cargo operations.
According to Bexair chairman and CEO Mansour...
moreMiddle East aircraft finance potential is on the increase
November 20, 2005
The Middle East region is waking up to business aircraft financing, it emerged at the inaugural Middle East Business Aviation (MEBA) conference here at the Dubai airshow on Saturday. As recently as five years ago, it was difficult to find funds to buy business jets, but it is now much easier to convince a bank, a local charter operator said. In addition,...
moreInsurance Competitors Merge
November 01, 2005
Former insurance competitors Aero Insurance and AirSure have merged to form what officials say is now the “largest general aviation insurance broker in the world.”
The new AirSure, now a division of Van Gilder Insurance, says its insurance portfolio includes more than 1,000 turbine aircraft. The Denver-based company is also the administrator for the...
moreFAA Asks IRS to Suspend Fuel Tax
November 01, 2005
Business aviation groups welcomed a letter from the FAA to the commissioner of internal revenue asking him to suspend implementation of new fuel tax rules that would impose a “significant administrative burden” on general aviation businesses and “create financial risk for the Airport and Airways Trust Fund.” The new rules would raise the tax rate on jet...
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