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.
Finance, Taxes, Insurance
Look for big aircraft insurance rate hikes in coming months
In the months since September 11, the insurance industry has taken a beating.
Finance, Taxes, Insurance
Hold-harmless agreements are too often anything but
You roll up to an FBO in a multi-million-dollar business jet, and they roll out the red carpet.
Finance, Taxes, Insurance
Aircraft finance firms striking gold here
Noticing that aircraft finance companies were more prominent here this year, EBACE Convention News did a quick walkabout to see when they first had booths
Finance, Taxes, Insurance
Revamped Arizona tax law benefits state aviation fund
Business aviation operations in Arizona stand to benefit from new legislation that returns certain aviation tax revenues to the state’s airport improvement
Regulations and Government
Denmark–a tax haven until 2010?
Value Added Tax (VAT) and import duties for aircraft currently stand at zero percent in Denmark.
Finance, Taxes, Insurance
Hangar Flying: Life insurance for pilots
Someone I used to know–a father and general aviation pilot–questioned why he needed life insurance, because, quote, “I won’t be around to enjoy it.” He cou
Finance, Taxes, Insurance
Fortis Offers Executive Aircraft Service
Following an earlier initiative in the luxury-yacht market, international banking and insurance financial-services provider Fortis (Booth No.
Finance, Taxes, Insurance
Insurance will help NBAA recover show expense
So called “showstoppers” insurance, a form of business interruption coverage, will likely help NBAA recover some of the expenses and lost revenue the assoc
Finance, Taxes, Insurance
Fairchild fights for financing
Time is ticking, and Fairchild Dornier has only two months to find a strategic investor.
Finance, Taxes, Insurance
Of VAT refunds and cabotage rules:
Valued-added taxes (VAT) may now amount to 25 percent of a jet fuel purchase in some parts of Europe.
Charter & Fractional
Many frax owners not aware of liability risk
With regard to liability insurance, answers to the question of “How much is enough?” have always been something of a mystery.
Finance, Taxes, Insurance
Bonus tax depreciation a boon for a/c buyers
Under a provision of President Bush’s economic stimulus package, purchasers of new aircraft can take a first-year depreciation deduction of 30 percent for
Finance, Taxes, Insurance
Stevens sees future in King Air 200 upgrades
Armed with the largest single contract in its 52-year history–converting 19 U.S.
Finance, Taxes, Insurance
OEM finance risk on the rise
Regional-aircraft manufacturers face the prospect of increased financial risk in coming years, despite having been able to reduce sales costs since the mid
Charter & Fractional
Charter brokers hunt for new clients
Demand for executive aircraft charter continues to be softened by depressed trading activity in the financial community, which has previously been a core m
Finance, Taxes, Insurance
Global Aerospace to insure Eclipse 500 owners
Eclipse Aviation will partner with Global Aerospace to provide aircraft hull and liability insurance to owners of Eclipse 500s.
Finance, Taxes, Insurance
HAS Corp., Major Bell Reseller, Files Chapter 11
HAS Corp, the Dallas and Mount Pleasant, Pa.-based helicopter resale and completions center, has filed for Chapter 11 bankruptcy protection.
FBOs
Cessna fuel card promises savings
Cessna Aircraft chairman and CEO Russ Meyer (right) and Avfuel Corp.
Finance, Taxes, Insurance
Russia may repeal bizjet import taxes
Currently, 30 dedicated Russian business aviation companies operate about 50 business jets, mostly converted Tupolev Tu-134s, Yakovlev Yak-40s and Yak-42s
Finance, Taxes, Insurance
Insurance rates continue to soar
Following last September 11, aircraft owners and operators began bracing for massive hikes in insurance coverage and changes in the limits of that coverage
Finance, Taxes, Insurance
Global Aerospace To Offer Insurance for Eclipse 500
Eclipse Aviation announced that it will partner with underwriter Global Aerospace Underwriters to provide hull and liability insurance to owners of owner-f
Finance, Taxes, Insurance
Life insurance for pilots: it’s time to review policies
If aviation insurance news has been mostly bad since September 11, there is still one small bright spot in the industry.
Finance, Taxes, Insurance
Global to offer insurance for Eclipse 500
Insurance underwriter Global Aerospace will partner with Eclipse Aviation, manufacturer of the Eclipse 500 personal jet, to provide hull and liability insu
Finance, Taxes, Insurance
Travelers’ Offers Program for Corporate Fliers
Travelers’ aviation unit last month introduced a new workers compensation insurance program for corporate flight departments.
Finance, Taxes, Insurance
The 2003 Budget: From the Outside Looking In
The 2003 Budget in Brief is, as the title implies, brief, but its complexity still leads the aviation alphabet groups to cherrypick for comment, while news
Finance, Taxes, Insurance
FAA nets small increase in 2003 budget funding
The President’s Budget of the United States has usually been delivered by the Government Printing Office to Congress bound in a sober, solid navy.
Finance, Taxes, Insurance
Conklin & de Decker Offers 2008 Tax Guide
Conklin & de Decker last month released the 2008 State Tax Guide for General Aviation.
Finance, Taxes, Insurance
USAIG marks milestones as underwriter and bizav operator
July 1 is the 75th anniversary of United States Aviation Insurance Group, better known as USAIG.
Finance, Taxes, Insurance
European airspace users may have to beef up their insurance
All aircraft using European airspace are facing the prospect of having to carry minimum levels of third-party liability insurance.
Finance, Taxes, Insurance
Insurance losses down
According to London-based insurance adjuster Airclaims, from an insurer’s point of view 2002 was a fairly “benign” year, with hull and liability losses of
