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| Financing, Insurance and Taxes |
Skyrocketing taxes, fees hitting regionals hardest
May 01, 2005
As a percentage of a $200 airline ticket, taxes and fees more than tripled between 1972 and 2004 thanks to inflation, a decline in the real cost of airline travel and, more recently, increased security charges, as the government struggles to keep pace with the cost of providing the infrastructure necessary to support airline flights. For a one-stop domestic...
moreNATCA Disputes Trust Fund Decline
May 01, 2005
In a report released early last month, the National Air Traffic Controllers Association said policy decisions by the Bush Administration, not inadequate revenues, are causing the declining balance in the Aviation Trust Fund.
After studying the health of the trust fund, NATCA executive vice president Ruth Marlin argued that trust fund revenues are not...
moreBizav insurance rates falling?
April 01, 2005
Business aircraft and large charter operators may start seeing reduced insurance premium rates within the next few months, if they haven’t already. According to various brokers, insurance premiums for certain segments of the business aircraft and charter market have fallen by 25 percent or more in the past six to 12 months.
“With respect to corporate...
moreEditorial: FAA resource management
April 01, 2005
The FAA’s budgetary woes are but one symptom of the U.S. fiscal freight train that has been speeding down the track with ever greater wobbles since 9/11. Twenty-odd years ago there was outrage in the aviation community that the sacred cash in the aviation “trust fund” (a misnomer if ever there was one) was being used to make the federal deficit look smaller...
moreThe inside track on acquisition planning
March 01, 2005
With so many choices available to companies and individuals contemplating alternatives to airline travel, what’s a business owner or prospective flight department manager to do? Speakers at the fourth annual Conklin & de Decker Aircraft Acquisition Planning Seminar, held recently in Scottsdale, Ariz., sought to provide some answers to those questions.
The...
moreUsed-jet Price Indices Introduced
January 01, 2005
Everyone in the industry knows that new and used business aircraft sales, prices and inventories generally follow the overall economy. But do the different classes of aircraft react differently to changes in the economy? Fletcher Aldredge, publisher of the Vref aircraft value reference guide (www.vrefpub.com) in Shawnee Mission, Kan., believes they do, so...
moreDepreciation benefit bill clears all hurdles
November 01, 2004
Both houses of Congress passed a bill that extends until December 31 next year the “placed-in-service” deadline for business aircraft purchased on or before December 31 this year to qualify for a 50-percent bonus depreciation allowance. It became law when President Bush signed the bill on October 22.Under the previous law, an aircraft purchased before this...
moreTax law tightens deduction rules
November 01, 2004
When President Bush last month signed a tax law that extends the “placed-in-service” deadline to the end of next year for new aircraft buyers to qualify for the 50-percent bonus-depreciation allowance, he also enacted a provision of the new law that isn’t such good news. NBAA noted that the new tax law sets more stringent limits on expenses a company can...
moreNew study refutes allegations that bizav doesn't pay fair share
November 01, 2004
Business aviation pays 102 percent of its share of the costs it imposes on the ATC system, according to a new study by Washington consulting firm HLB Decision Economics. The study, funded by NBAA, showed that business aviation paid $188 million in federal excise taxes in FY 2001. That figure is $4 million more than the amount the FAA identified as business...
moreICAO extends jet fuel tax exemption, for now
November 01, 2004
The International Civil Aviation Organization (ICAO) has ruled out introducing taxes on jet fuel for commercial operators for at least three years. In a hard-fought deal struck at the close of the organization’s assembly on October 8, ICAO delegates agreed that no fuel taxes or charges can take effect before its next triennial assembly in the fall of...
moreATA Boss Slaps GA, Bizav
November 01, 2004
Echoing a refrain that has been sung around Washington for years, Air Transport Association president and CEO James May reiterated recently that the airlines have been subsidizing general aviation, business aviation and government users of the civil aviation system for years, and he called for a sweeping reform of tax policies.May stopped short of calling...
moreBank of America Forms Bizav Finance Division
September 01, 2004
Bank of America last month formed the Corporate Aircraft Finance Division, a group that combines The Private Bank’s Aviation Finance Division with the Bank of America Leasing Corporate Aircraft Finance strategic business unit. With creation of the new division, Bank of America has more than 700 clients and $4 billion in aircraft loans and leases.
moreRevised SIFL Rates Are in Effect
September 01, 2004
The current Standard Industry Fare Level (SIFL) rates in effect from July 1 through December 31 are: 0 to 500 sm–$0.1926; 501 to 1,500 sm–$0.1469; and more than 1,500 sm–$0.1412. The SIFL terminal charge is $35.21. SIFL fees are used to satisfy IRS requirements for operators to compute the value of non-business transportation aboard employer-supplied...
moreAircraft insurers adopt ‘wait and see' attitude about covering very light jets
September 01, 2004
Beyond the merriment that the very light jet is coming to market, the insurance industry is preparing to drop the curtain in the final act.
“It’s tomfoolery, hype–a lot of pilots are going to realize that they’ve been drinking their own bath water,” said Ann Thickey, one of Global Aerospace’s senior underwriters, from her Los Angeles office. “We’ve...
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