NBAA’s two-day Tax, Regulatory and Risk-management Conference starts on Sunday in Orlando, Fla., ahead of the association’s annual convention there. On the conference agenda are sessions on ownership and operating structures, tax planning, financing, leasing, personal use of business aircraft, use policies and aircraft transactions. According to NBAA, the conference is geared for flight department personnel, aviation attorneys and financial advisors.
The process of buying a business jet is fraught with potential pitfalls, among them the many ways that owners can fall afoul of legal constraints. The 2014 NBAA Tax Seminar & Conference, held last month in San Francisco, offered a one-day summary of the issues facing aircraft owners, not only summarizing the key problems that can develop but also giving participants a foundation for understanding how best to set up a flight department from a legal standpoint and how to satisfy taxing authorities with the minimum hit.
Veling Tayara, a new business jet leasing firm led by former Embraer Executive Jets president Ernie Edwards, was launched yesterday at EBACE 2014. The Dubai-based company is a subsidiary of airliner lessor Veling, which counts Emirates and Sri Lankan Airlines among its clients. Veling Tayara (the latter word meaning “aircraft” in Arabic) is focusing on five-year leases for young (three years old or newer) pre-owned and new midsize to large-cabin jets. It is targeting clients in the Middle East, Asia, Africa and former Soviet blocs, though it will also provide leases in other regions.
Veling Tayara, a new business jet leasing firm led by former Embraer Executive Jets president Ernie Edwards, was launched yesterday at EBACE. The Dubai-based company is a subsidiary of airliner lessor Veling, which counts Emirates and Sri Lankan Airlines among its clients.
Veling Tayara (the latter word meaning “aircraft” in Arabic) is focusing on five-year leases for young (three years old or newer) pre-owned and new midsize to large-cabin jets. It is targeting clients in the Middle East, Asia, Africa and former Soviet blocs, though it will also provide leases in other regions.
Applied Composites Engineering (ACE) is offering a two-year transferable warranty on all overhauled or repaired radomes for airliners and business jets. The two-year Platinum warranty will be included as part of a fully overhauled radome repair. The two-year Gold warranty will be included as part of a damage-specific radome repair. Both levels will transfer to the new owner in the event of an aircraft sale during the warranty period, and both include one transmissivity test during the warranty period at no cost.
An item titled “The Future of Santa Monica Airport” on the agenda for tonight’s Santa Monica (Calif.) City Council meeting is likely to result in a spillover crowd, with both airport proponents and anti-airport groups urging members to attend to express their opinions.
Talk of production “bubbles” again colored the discourse at the March 16 to 18 International Society of Transport Aircraft Trading (ISTAT) Americas 2014 conference in San Diego, even while OEMs in attendance insisted that record backlogs fully justify their planned rate increases. Manufacturers highlighted a strong backdrop for aircraft demand fueled by aging replacement needs, a 20-seat increase in the capacity of narrowbodies since 2007, emerging-market long-term capacity requirements and the global expansion of low-cost carriers, according to a research note from Sterne Agee.
Another Wall Street firm is entering the increasingly crowded helicopter leasing market. Perella Weinberg’s $2.1 billion Asset Based Value Strategy unit is teaming with Hawke Aerospace to form Infinity Helicopter Leasing. Infinity said it will focus on the light end of the market–singles and light twins–that service the onshore EMS, law enforcement and utility markets in the U.S. and Canada. Previous helicopter leasing market entrants, such as Milestone Aviation, have focused on the lucrative offshore market for medium and heavy twin-engine helicopters.
The rarefied deepwater oil and gas market has spawned new players and big deals in the helicopter operating leasing market, but to date these transactions have largely been confined to medium and large helicopters. What will be the impact of leasing on the industry as a whole, especially for smaller operators with light helicopters in the non-oil-and-gas segments, and will it ever become as predominant as it is for airlines, where approximately one-third of the fleet is leased?
Chicago-based Jet Support Services (JSSI) hosted its first private Management and Maintenance Business Aircraft Conference in China last month, with more than 60 in attendance. The invitation-only, three-day event involved industry professionals from aircraft management companies and aircraft leasing and finance businesses, as well as aircraft owners’ representatives. JSSI presented an analysis of how programs are structured to control maintenance costs and quality as well as enhance aircraft value.
- Page 1