Economics

February 23, 2008 - 4:07pm

As more students come forward to say they believe they were swindled by the country’s biggest civil helicopter flight school, attorney general offices in several states are looking into the activities surrounding the bankruptcy of Silver State Helicopters.

February 14, 2008 - 10:57am

The $168 billion economic stimulus plan President Bush signed yesterday includes a provision that alters section 168(k) of the Internal Revenue Code to allow buyers of factory-new aircraft to take the bonus depreciation for aircraft that will be used more than 50 percent of the time for business purposes and are placed in service this year and, in many cases, next year. Minimum value of aircraft that fall into section 168(k) is $200,000.

February 14, 2008 - 10:57am

The $168 billion economic stimulus plan President Bush signed yesterday includes a provision that alters section 168(k) of the Internal Revenue Code to allow buyers of factory-new aircraft to take the bonus depreciation for aircraft that will be used more than 50 percent of the time for business purposes and are placed in service this year and, in many cases, next year. Minimum value of aircraft that fall into section 168(k) is $200,000.

February 14, 2008 - 10:56am

Several state attorneys general are looking into the activities surrounding the bankruptcy of Silver State Helicopters and its founder, Jerry Airola. Silver State, the largest civilian helicopter school in the U.S., closed its doors on February 3 and filed Chapter 7 (liquidation) bankruptcy the following day. The school employed 750 people and had 2,500 students and 250 helicopters at 33 locations in 14 states.

February 14, 2008 - 10:56am

Several state attorneys general are looking into the activities surrounding the bankruptcy of Silver State Helicopters and its founder, Jerry Airola. Silver State, the largest civilian helicopter school in the U.S., closed its doors on February 3 and filed Chapter 7 (liquidation) bankruptcy the following day. The school employed 750 people and had 2,500 students and 250 helicopters at 33 locations in 14 states.

January 25, 2008 - 5:49am

The fatal crash of the Alberto-Culver Gulfstream IV at Palwaukee Municipal Airport on Oct. 30, 1996, has spawned one of the most lengthy, and very likely one of the most costly, litigation processes in the history of business aviation.

January 25, 2008 - 5:49am

The fatal crash of the Alberto-Culver Gulfstream IV at Palwaukee Municipal Airport on Oct. 30, 1996, has spawned one of the most lengthy, and very likely one of the most costly, litigation processes in the history of business aviation.

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.

 
X