Given the bucks or the ability to borrow them, buying a business jet ought to be a straightforward affair. And if you don’t care about the potential downsides, it may be. But the typical business aircraft transaction involves a multinational cast of players and a plethora of contracts to go with them.
Value added tax
A new European aircraft registry designed specifically for corporate jets–which promises a high level of service and competitive rates–has a range of M-prefixed registration options to offer as well.
Avcard, the aviation services provider and credit-card company based in Hunt Valley, Md., has established a European office in London with the aim of increasing services to a broader range of customers. Twenty-five-year aviation veteran Stefan Jaeggi will head the office as general manager.
UK-based Twinjet has forged an alliance with Russian aerospace export agency Aviaexport to sell used business jets in Russia. While conceding that heavy taxes on the importation of foreign-built aircraft will make the sales task harder, Twinjet managing director John Keeble asserted that long-term prospects for the Russian market are promising.
Gilles Fournier is the new managing director of the Paris Air Show, GIFAS announced here this week. The French association of aerospace industries, which runs the show through its SIAE company, has now opened registration for the next show, due to held June 18 to 24 next year. Prices will increase only by the level of inflation.
If you buy, sell or operate aircraft in Europe and have been liable to EU value added tax (VAT), a chat with Lasse Rungholm could help you to save lots of money. You will find Rungholm by a beautifully maintained Beech 18 on the ramp, which OPM Aviation Services (OPMAS) acquired a month ago and flew here from its Aarhus, Denmark headquarters to publicize the company.
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