Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
Argus International introduced a new FBO audit service at EBACE and reported strong post-Covid European charter numbers.
Leasing company Residco is making a move into the light aircraft leasing business and plans to serve flight schools and university flight programs.
IATA says the fall-out from Russia's invasion of Ukraine has been relatively limited, with the exception of rising fuel prices and risks to leasing assets.
Helicopter lessor LCI now has 38 aircraft in a joint venture with Sumitomo Mitsui Finance and Leasing Company.
MD Helicopters receiving $60 million in debtor financing, will continue operating, while assets sold.
Almost 5 percent of AerCap’s fleet remains in Russian hands.
The hard aviation insurance market could become harder if Russia confiscates the more than 500 airplanes in the country owned by non-Russian lessors.
Canada has stepped back from its previous position that could have seen virtually all private aircraft purchased taxed as luxury “personal” aircraft.
Responding to sanctions against Russian individuals and companies over the invasion of Ukraine, the Isle of Man has deregistered multiple private aircraft.
Jaunt, which is working to certify its five-seat Journey eVTOL aircraft by 2026, is establishing design and production facilities in Canada.