Before bailing out last month for the usual summer vacation, the House and Senate took no action on the tax bill that would have extended the bonus depreciation benefits allowance. Extension of the bonus depreciation benefits for certain business aircraft buyers is part of a larger tax package to be decided, and that is being held up by battles over items unrelated to the bonus depreciation.
Former Comair employee Zabdiel Santiago Balaguer pleaded guilty in Orlando federal court last month to gun and drug smuggling. The FBI arrested Balaguer in March along with five other co-conspirators, including fellow Comair employee Thomas Anthony Munoz, who allegedly tried to carry a duffel bag containing 14 guns and eight pounds of marijuana off a Delta Air Lines flight in San Juan, Puerto Rico.
The Internal Revenue Service (IRS) issued a notice of proposed rulemaking (NPRM) relating to the “deductions for entertainment use of business aircraft.” If the NPRM
In May, Piper Aircraft confirmed that it was looking for suitable sites to relocate the company’s headquarters and to establish PiperJet manufacturing. A significant factor in the move is insurance costs, which have risen tenfold due to hurricanes. “Insurance in Florida is skyrocketing,” said a Piper spokesman.
Derco Aerospace has won a contract from Singapore Technologies Aerospace to install new auxiliary power units and improved environmental control systems on four
Workers at the IAR Ghimbav helicopter manufacturing plant in Brasov, Romania, have suspended their strike after three days. On May 9, local trade union BNS announced that management and employees had reached an agreement on all six of the workers’ requests, which included salary increases and compensatory wages in the event of massive job cuts after privatization.
The Brotherhood of Teamsters, Local 1108, which represents pilots for fractional provider Flight Options, claimed last month that some pilots were fired for their inability to receive Canpass authorization. According to the union, Flight Options management recently fired or otherwise forced out about half a dozen pilots over what
it said amounted to simple traffic violations.
Property and casualty insurance company Travelers is venturing into aviation with its Travelers Aviation division, announced last month.
An FAA investigation of the New York Terminal Radar Approach Control (Tracon) determined that it is "more than adequately staffed for safe operations and that local union-controlled scheduling practices are inefficient and wasteful, creating overtime costs that are more than double any other air ATC facility in the country." The need for overtime was compounded, the report said, "by absences due to widespread abuse of sick leave and workers
The Brotherhood of Teamsters, Local 1108, which represents pilots for fractional provider Flight Options, said this week that some pilots were fired for their inability to receive Canpass authorization. According to the union, Flight Options management recently fired or otherwise forced out approximately six pilots over what it said amounted to simple traffic violations.