Finance

September 23, 2010 - 11:27am

General aviation groups today hailed the passage of a bonus depreciation bill that will allow for accelerated depreciation of business aircraft. The Senate passed its version shortly after legislators returned from their summer recess last week. The House of Representatives already passed similar legislation in June, but had to vote on the Senate version since it contained minor differences.

September 19, 2010 - 11:50am

NBAA said the Senate approved legislation on Friday that includes accelerated depreciation for “strategic business purchases this year,” which includes business aircraft. “NBAA applauds the Senate action, and urges the House to approve the Senate-passed version this month to allow companies to take advantage of this accelerated, or ‘bonus,’ depreciation before the end of the year,” said NBAA president and CEO Ed Bolen.

August 26, 2010 - 12:21pm

Although support for accelerated depreciation for major equipment purchases is growing, Congress left for its summer recess without making it so. Last month, NBAA senior vice president for government affairs Lisa Piccione told the Greater Washington Business Aviation Association (GWBAA) that NBAA has joined 80 other business organizations in pushing to see accelerated depre ciation renewed in pending legislation in the Senate.

August 12, 2010 - 11:25am

Despite the littered road of failed very light jet air-taxi firms, Linear Air said it has been able to make the model work and has even eked out a profit during one of the worst recessions since the Great Depression. The Concord, Mass.-based company said its revenues in the first half increased to nearly $1 million with its four Eclipse 500s, doubling the results from the first half of last year.

August 4, 2010 - 12:17pm

DeCrane Aerospace, founded in 1987 by the late entrepreneur Jack DeCrane with the idea of assembling under a single umbrella all aspects of cabin refurbishment and completion, has found a buyer.

August 3, 2010 - 7:06am

With the rancor over business jet use now receding in Congress’s rear-view mirror, House and Senate lawmakers are jumping in line to extend accelerated depreciation for major equipment purchases– including general aviation aircraft–in 2010.

August 2, 2010 - 10:02am

The Department of Transportation is planning to issue a notice of proposed

August 2, 2010 - 10:01am

The Department of Transportation is planning to issue a notice of proposed

August 2, 2010 - 10:00am

The Department of Transportation is planning to issue a notice of proposed

August 1, 2010 - 7:52am

Aviation Alliance Insurance Risk Retention Group (AAIRRG), an entity that provides product liability insurance exclusively for Arsa member repair stations, will be able to offer that coverage at well below market rates, according to the group.

 
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