Generally Accepted Accounting Principles

April 30, 2007 - 11:26am

The Office and Professional Employee International Union says that the pilot strike it led at PHI had a significant effect on the company’s 2006 financial results. The company posted a net loss of $667,000 last year, compared with net earnings of more than $14.1 million the previous year. Over the same period, the company’s operating revenues increased from $363.6 million to $413.1 million.

April 2, 2007 - 10:34am

The House of Representatives approved the American Jobs Creation Act of 2004 (H.R.4520) on June 17, paving the way for a one-year extension of the time allotted to place into service business aircraft purchased under the accelerated-depreciation tax bonus.

March 28, 2007 - 12:01pm

Although the accelerated-depreciation bonus has been credited with a pickup in orders for new business jets, the General Aviation Manufacturers Association is encountering rough going in the Senate over its efforts to get the tax break extended.

February 20, 2007 - 5:43am

Since diversifying into a sales dealership last year, HelicopterBuyer (Booth No. 2056) has found a new customer base that prefers to deal with a rotorcraft’s owner rather than a succession of sales brokers. President Mark Clancy said that buying aircraft into inventory pays off for both parties.

February 5, 2007 - 5:08am

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.

January 31, 2007 - 11:26am
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The General Aviation Manufacturers Association has launched a campaign to extend the accelerated-depreciation schedule on new capital equipment–including business aircraft–which it calls a “defining factor” in $2 billion in jet sales. GAMA also wants to increase the period of time between the aircraft purchase date and when it has to be placed in service to qualify for the added tax incentive.

January 29, 2007 - 9:55am

The IRS has issued temporary guidelines on the bonus depreciation option.

October 9, 2006 - 5:40am

Edelstenne also said Falcon deliveries will reachbetween 50 and 55 this year. Although he said economic conditions have improved “measurably” since last year, this figure is short of the 63 Falcons delivered last year. He cited two reasons for the lower delivery projection. “The first was that we received orders for just 40 Falcons in 2003,” although the company delivered 49 that year.

September 26, 2006 - 2:12pm

Taxes–when, where, how and why they must be paid–and how to avoid them captured a major share of attention among the users and providers of business aircraft transportation attending the fifth annual Conklin & de Decker aircraft acquisition planning seminar in Scottsdale, Ariz., this fall.

 
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