Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Aircraft management services would not be subject to air transportation taxes under revisions made by the Senate Finance Committee to S.321, the Tax Cuts and Jobs Act. The <a href="http://nata.aero/data/files/gia/description%20of%20fet%20clarification%20-%20senate%20tax%20reform%20bill%2011-15-17.pdf">provision</a>, which was sought by NATA, was inserted into the tax bill.

 


It directly responds to a March 2012 IRS Chief Counsel Advice Memorandum that concluded aircraft owners employing aircraft management services and allowing the use of the aircraft for occasional charter operations should apply the 7.5 percent Federal Excise Tax (FET) on amounts paid for those management services. That stance contradicted precedent and left many small businesses open to retroactive taxes, interest and fines, NATA said.

 


“NATA deeply appreciates [the] inclusion of this common-sense provision in the landmark tax overhaul legislation,” said NATA president Martin Hiller. “Tax reform legislation has a long way to go, but this is an important step and small aviation businesses are appreciative of the inclusion of this provision, which provides them the tax certainty they have long sought.”

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

Tax Bill Provision Eliminates FET on Aircraft Mgmt Fees

Provision directly responds to a March 2012 IRS Chief Counsel Advice Memorandum that concluded management fees were subject to 7.5 percent tax.

2024 Corporate Aviation Leadership Summit

Charles Alcock

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

News about environmental issues relating to aircraft operations, including noise issues, emissisions, and regulations. See Fuel for biofuel.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Charter industry group is 17th association to commit to the advocacy partnership

Air Charter Association Backs Climbing Fast Campaign

Curt Epstein

 Company acquired its first aircraft along with a Part 135 certificate

Florida Charter Broker Becomes Aircraft Operator

Kerry Lynch

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

More In Charter & Fractional

Air Charter Association Backs Climbing Fast Campaign

Charter industry group is 17th association to commit to the advocacy partnership

Florida Charter Broker Becomes Aircraft Operator

Company acquired its first aircraft along with a Part 135 certificate

Fractional Start-up ‘Bond’ Ups Bombardier Order to $5B

Bond is accelerating deliveries, converting options for 24 Global 8000s, and adding orders for four more

TLC Jet Links with American for Loyalty Benefits

Partnership integrates American Airlines’ loyalty programs with charter use

Jet Linx Introduces AOG Supplemental Lift Support

It will cover scheduled and unscheduled maintenance

GLADA Creates Broker Education Online Platform

Learning management system offers access to course materials as GLADA builds on its educational resources

Masters Tourney NetJets Pax Get Preview of New Terminal

Construction is underway, with the new ramp already open

Safety Governs Flexjet’s MidEast Ops Amid Iran Conflict

Bizjet operator still flying into Cyprus, Turkey, Armenia, and Azerbaijan

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN