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.
IAG incurred a loss of around $577 million in the first quarter of 2020, and sees even tougher trading conditions in the second and third quarters.
The CARES Act renewed the NOL carryback through 2020, opening the possibility for aircraft buyers to receive tax benefits on aircraft purchases.
AirFinance founder Kirsten Bartok Touw predicts rapid consolidation in the urban air mobility sector as only companies with cash in hand may now succeed.
Airliner deliveries could fall further during the second and third quarters of 2020, resulting in greater financial pressure on the aerospace supply chain.
Six organizations appealed to Senate leaders for relief from aviation fuel taxes, similar to relief already granted to the nation's airlines.
All documents that are mailed to the FAA Civil Aviation Registry are subject to a 72-hour quarantine, webinar panelists noted.
FAA easing some requirements due to Covid-19, but pilots should check whether insurance is still valid under exemptions.
A retrenchment at Dublin-based Avolon includes a reduction in aircraft commitments from 284 to 165 over the next three years.
EBAA, GAMA and national business aviation groups called on Europe's governments to allow financial relief and regulatory flexibility for business aviation.
While aircraft insurance policies can be put on hold during extended periods of grounding, the cost savings don't outweigh the risks for most, broker says.