Economics

January 18, 2008 - 5:44am

CharterAuction.com is claiming that “many [fractional] customers who were sold [shares] five years ago on the basis of a 90-percent aircraft resale value are receiving less than 60 percent.” This is, in many cases, in addition to a 5- to 10-percent remarketing fee charged by the fractional management company.

January 18, 2008 - 5:44am

CharterAuction.com is claiming that “many [fractional] customers who were sold [shares] five years ago on the basis of a 90-percent aircraft resale value are receiving less than 60 percent.” This is, in many cases, in addition to a 5- to 10-percent remarketing fee charged by the fractional management company.

January 11, 2008 - 5:54am

According to London-based insurance adjuster Airclaims, from an insurer’s point of view 2002 was a fairly “benign” year, with hull and liability losses of about $1.1 billion. It is a welcome respite from 2001 and 9/11, which drove losses to levels now estimated in excess of $6 billion.

January 11, 2008 - 5:40am

German airframer Extra Flugzeugbau of Hunxe entered insolvency last month, similar to Chapter 11 bankruptcy in the U.S.

January 11, 2008 - 5:19am

A number of pilots on NBAA’s Air Mail Internet forum expressed confusion of late over Signature Flight Support’s policy on ramp fees for multiple stops on a given day.

January 4, 2008 - 6:15am

Atlantic Aviation took the wraps off its Atlantic Awards program for jet flight crews. For every 100 gallons of jet fuel purchased at an Atlantic facility, the crewmember receives a certificate redeemable over the Internet for five dollars of “credit” applied to a prepaid American Express card in their name.

December 14, 2007 - 7:17am

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 deduct when there is personal use of an employer-provided aircraft.

December 14, 2007 - 6:53am

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.

December 3, 2007 - 10:48am

What a difference a year makes.

November 27, 2007 - 6:19am

International Water-Guard Industries (IWG) is “adjusting its pricing and business policies in response to the unprecedented shift in exchange rates between the U.S. and Canadian dollar.” According to IWG president and CEO David Fox, the Burnaby, British Columbia-based company has raised its U.S. prices by 7 percent “while working with non-U.S.

 
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