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.
GECAS has written down the value of its Milestone Aviation helicopter leasing unit by $729 million.
The much-anticipated IRS proposal follows directives from the Tax Cuts and Jobs Act, which exempted certain management fees from commercial FETs.
Used helicopter values sink under the pressures of pandemic, cheap oil, and scarce credit.
The online FIA Connect event brought the aviation industry together for a much-needed conversation about how it can get past the Covid crisis.
Roland Berger says the next few years will be more of a transition than a recovery for civil aviation, as air transport demand gradually returns.
UK industry group ADS says the government must match public spending by other countries' aerospace industries to deal with threats posed by Covid, Brexit.
Senior industry leaders addressing the opening ceremony for the FIA Connect event indicated that the aerospace sector faces a long path to recovery.
Airlines that have not benefitted from government aid struggle to survive the pandemic.
A change to the European Union's customs code acknowledges establish practice allowing flight plans to suffice for declaration of entry and departure.
A new credit facility and loan for KLM has been agreed almost two months after sister company Air France got state aid.