Last Thursday, the House Ways and Means Committee approved H.R.4718, a bill that would make accelerated, or bonus, depreciation permanent. If passed, this would allow for 50 percent of costs for new investments in equipment and software–a list that includes such things as business jets–to be written off in the first year. More than 150 groups, including NBAA and NATA, supported the legislation.
The process of buying a business jet is fraught with potential pitfalls, among them the many ways that owners can fall afoul of legal constraints. The 2014 NBAA Tax Seminar & Conference, held last month in San Francisco, offered a one-day summary of the issues facing aircraft owners, not only summarizing the key problems that can develop but also giving participants a foundation for understanding how best to set up a flight department from a legal standpoint and how to satisfy taxing authorities with the minimum hit.
After a five-year fight for justice, Vienna, Austria-based aviation services provider International Jet Management (IJM) has prevailed against German authorities in a precedent-setting ruling by the European Court of Justice (ECJ).
The ECJ, Europe’s highest court, was asked by a German court whether fines against IJM and others by German authorities were contrary to European law. The result that they are will almost certainly mean that IJM wins its long-running battle over non-discrimination.
Having lost the first round of its attempt to fine Raphael Pirker for using a flying wing to take video, the FAA plans to issue a public notice reaffirming its authority to regulate the use of small unmanned aircraft. The agency is appealing a March ruling by a National Transportation Safety Board (NTSB) administrative law judge rejecting the $10,000 fine.
The United States Court of Appeals for the Fifth Circuit recently issued a decision that allowed a Part 91 operator to continue to apply the “Age 65 rule” originally intended for airline pilots to its operations, according to NBAA.
Ryanair’s legal team is to challenge an April 17 ruling by an Amsterdam court against an earlier lawsuit filed by the Irish carrier against Dutch TV station KRO. The court found that the KRO documentary “Mayday Mayday” did have sufficient evidence to support its report into alleged low fuel reserves during three different emergency landings by Ryanair aircraft in Valencia, Spain back in July 2012.
After a five-year legal debate, Austrian aviation services provider International Jet Management (IJM) has prevailed against German authorities in a “precedent-setting ruling” by the European Court of Justice (ECJ).
The Japan National Police Agency ordered another AgustaWestland AW139, the Italian helicopter manufacturer and its distributor Mitsui Bussan Aerospace announced at ABACE yesterday. The medium twin is scheduled to enter service next year for operations in Kagoshima Prefecture. More than 40 AgustaWestland helicopters are currently supporting law enforcement throughout various Japanese prefectures. According to AgustaWestland, Japan already uses the AW139 for critical missions such as search-and-rescue, firefighting and disaster relief.
One hundred International Civil Aviation Organization member states and nine international organizations agreed on April 7 to adopt new protocols to the 1963 Tokyo Convention related to offenses committed aboard aircraft. ICAO said the agreement was reached after four years of work focused on the increased frequency of incidents involving disruptive and unruly passengers on scheduled commercial flights.
The fraud trial of Flying Tigers and its president, Jay Stout, began last Friday in Philadelphia federal court before U.S. District Judge Harvey Bartle III. One of the prosecution’s primary witnesses is Stout’s son Joel, who is awaiting sentencing after pleading guilty in March last year to one count of fraud and six counts of mail fraud. Both Stouts, the company and mechanic/inspector Howard “Bud” Gunter were indicted in August 2012 for allegedly charging aircraft owners for inspections that were not conducted by FAA-certified inspectors.