 |  |  |  |  |  |
 |
 |
 |
 |
 |
 |
 |
Visit our directory of manufacturers, suppliers and service providers
Search through years of
AIN past issues
Search through the latest
events and conferences
RSS Feed
| Financing, Insurance and Taxes |
Bizav groups see far-reaching implications for new tax rule
August 01, 2005
The 2004 American Jobs Creation Act could have entirely the opposite effect on business aviation due to an “overreaching” IRS interpretation that’s causing many companies to reconsider their corporate aircraft use. According to NBAA tax and finance manager Mike Nichols, the trickle-down effect of IRS Notice 2005-45, Deductions for Entertainment Use of...
moreCommittee approves beefier FAA budget
July 01, 2005
The House appropriations subcommittee on Transportation, Treasury and Housing has approved a Fiscal Year 2006 funding bill that includes $14.4 billion for the FAA, $877 million more than the agency’s funding for this fiscal year and $1.74 billion more than the Bush Administration requested.
Included in this bill is $8.2 billion for FAA operations and...
moreInter-agency financing debate could delay progress on loran
July 01, 2005
They say that politics makes for strange bedfellows. So, it seems, does loran, which has recently been recognized by four quite disparate groups: the U.S. Congress, the government of France, the telecommunications industry and the National Air Traffic Controllers Association (NATCA). But in Washington, inter-agency budget struggles cloud further progress...
moreUser fees get cool reception on the Hill
June 01, 2005
Calls to institute user fees to help pay for FAA expenditures in the future continue to generate little support in Congress, as evidenced by a hearing before the House aviation subcommittee early last month.
Rep. John Mica (R-Fla.), chair-man of the panel, said at the outset that Airport and Airway Trust Fund revenues are down significantly from the...
moreFoundation proposes user fees, but not for piston GA aircraft
June 01, 2005
The libertarian Reason Foundation, which has been promoting privatization for more than 25 years, has published a new study calling for a user-fee system to fund the nation’s ATC. The proposal envisions a user-fee structure that exempts piston-powered general aviation aircraft.
“We recommend that only that small segment of general aviation that...
moreAviation Insurance
June 01, 2005
Premiums are stabilizing, but recent bizav accidents and new EU coverage requirements might increase rates
moreInsurance Trouble for Older Corporate Pilots
June 01, 2005
After being forced into retirement at age 60, some former airline pilots turn to corporate aviation to continue their flying careers. It can become a problem for operators to obtain hull and liability coverage when these older corporate pilots reach age 70. Although most underwriters will not deny coverage to a corporate flight department using an older...
moreInsurance Tips
June 01, 2005
1. Don’t overinsure or underinsure your aircraft. Hull insurance policies are stated-value policies. In case of a total loss the insurance company pays the stated value of the policy. Be sure to know your aircraft’s true replacement cost and insure the aircraft for that amount. Overinsuring your aircraft results in higher premiums; underinsuring means...
moreNav Canada sees growth in rate stabilization fund
June 01, 2005
After sustaining losses of C$116 million ($91.4 million) after 9/11, Nav Canada, the private, non-share corporation that owns and operates Canada’s civil air navigation system, saw its rate stabilization account–a financial savings buffer to offset downturns in revenue–return to the positive side of the ledger in April.
While the company is a...
moreStrategies, Options & Perspectives: June 2005
June 01, 2005
Attacking the User-fee Virus
moreNBAA rallies troops for fight against user fees
May 01, 2005
The nation’s major airlines have declared war on business aviation and, as the weapon to win that war, they intend to push for ATC user fees to be levied upon business aviation operators. This was the message NBAA president Ed Bolen delivered April 8 at the Arizona Business Aircraft Association (AZBAA) forum in Scottsdale. Bolen observed, “The airlines are...
moreInsurance rules may cut EU traffic
May 01, 2005
New European Union minimum liability insurance standards that took effect April 30 are causing some U.S.-based operators to rethink their trips to Europe.
“I’ve gotten more calls about this issue than about any other topic in the past month,” NBAA tax and finance manager Mike Nichols told AIN last month. “Some operators have said that they are going to...
moreFAA readies for tight FY2006
May 01, 2005
With the airlines arguing that they pay for more than 90 percent of the ATC system but don’t account for 90 percent of its use, and with the FAA confirming that budget cuts will hamper its certification work, there wasn’t a lot of good news at the FAA’s industry budget briefing for FY2006 last month in Washington.
According to Air Transport Association...
moreATOS, CSET tax airlines and FAA to limits
May 01, 2005
By just about anyone’s reckoning the FAA audit process known as the Air Transport Oversight System (ATOS) has turned into a horribly labor-intensive and time-consuming job. Now, as the agency’s flight standards office loses about 250 employees a year to budget cuts, the onus has fallen squarely on the nation’s regional airlines to pay the bill. The daily...
more