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.
Charter & Fractional
Insurer presents Jet Aviation with safety award
Jet Aviation, the aviation services company founded in Switzerland in 1967, was recently singled out for a prestigious safety award by its insurer, AIG Avi
Finance, Taxes, Insurance
Bizav insurance rates falling?
Business aircraft and large charter operators may start seeing reduced insurance premium rates within the next few months, if they haven’t already.
Finance, Taxes, Insurance
Rhode Island Issues Revised User Tax
The Rhode Island division of taxation issued a revised regulation regarding the application of a user tax to noncommercial aircraft in the state.
Finance, Taxes, Insurance
New Rates Published for Passenger Air Tax
The Internal Revenue Service recently published Revenue Procedure 2003-85, which provides inflation-adjusted items for 2004.
Finance, Taxes, Insurance
California Bank Targets Aircraft Buyers
Mission Oaks National Bank in Temecula, Calif., hopes to become the lender of choice for pilots shopping for general aviation airplanes and, in some cases,
Finance, Taxes, Insurance
How to make VAT savings
If you buy, sell or operate aircraft in Europe and have been liable to EU value added tax (VAT), a chat with Lasse Rungholm could help you to save lots of
Finance, Taxes, Insurance
GAO Sees User-fee Option for Funding ATC
While the debate continues over how best to fund the next-generation air transportation system, the Government Accountability Office (GAO) is of the opinio
Finance, Taxes, Insurance
Used-jet Price Indices Introduced
Everyone in the industry knows that new and used business aircraft sales, prices and inventories generally follow the overall economy.
Finance, Taxes, Insurance
NATCA Disputes Trust Fund Decline
In a report released early last month, the National Air Traffic Controllers Association said policy decisions by the Bush Administration, not inadequate re
Finance, Taxes, Insurance
Skyrocketing taxes, fees hitting regionals hardest
As a percentage of a $200 airline ticket, taxes and fees more than tripled between 1972 and 2004 thanks to inflation, a decline in the real cost of airline
Finance, Taxes, Insurance
ATOS, CSET tax airlines and FAA to limits
By just about anyone’s reckoning the FAA audit process known as the Air Transport Oversight System (ATOS) has turned into a horribly labor-intensive and ti
Finance, Taxes, Insurance
FAA readies for tight FY2006
With the airlines arguing that they pay for more than 90 percent of the ATC system but don’t account for 90 percent of its use, and with the FAA confirming
ATC
Insurance rules may cut EU traffic
New European Union minimum liability insurance standards that took effect April 30 are causing some U.S.-based operators to rethink their trips to Europe.<
Regulations and Government
NBAA rallies troops for fight against user fees
The nation’s major airlines have declared war on business aviation and, as the weapon to win that war, they intend to push for ATC user fees to be levied u
Finance, Taxes, Insurance
Aircraft insurers adopt ‘wait and see' attitude about covering very light jets
Beyond the merriment that the very light jet is coming to market, the insurance industry is preparing to drop the curtain in the final act.
Finance, Taxes, Insurance
Crews need specific training for flying in the mountains
Pulling into position for takeoff or passing the final approach fix for landing, especially at a mountain airport, presents many challenges.
Finance, Taxes, Insurance
Aviation Finance: Low rates and competition create a borrowers' market but the economy may hold some suprises
A vibrant level of new aircraft deliveries, strong sales of used aircraft, low interest rates and competition among lenders have provided banks and other c
Finance, Taxes, Insurance
Compressing the Spread
Interest rates for aircraft loans and leases are typically negotiated individually for each case, so lenders rarely publish their rates.
Finance, Taxes, Insurance
Very Light Jets on the Horizon
For aircraft financers, insurance and the stability of the OEM are the main concerns when they consider the very light jets (VLJs), three of which are work
Finance, Taxes, Insurance
Aircraft operators may not be aware of all taxes due
A letter from the Internal Revenue Service (IRS) can cause any taxpayer’s heart to skip a beat.
Safety
French investigative board blasts flags of convenience
The chief of the NTSB’s French counterpart is concerned that an increasing number of aircraft are flying under flags of convenience.
Finance, Taxes, Insurance
So What’s Happening to the Economy?
Unlike physics, economic forecasting is not an exact science, and significant natural disasters have a way of scattering the tea leaves.
Finance, Taxes, Insurance
Congress Moves To Stop New Tax Rules
Republican lawmakers have taken steps to shelve new tax rules in the 2005 Highway Bill designed to discourage truckers from using jet fuel to avoid higher
Finance, Taxes, Insurance
FAA Asks IRS to Suspend Fuel Tax
Business aviation groups welcomed a letter from the FAA to the commissioner of internal revenue asking him to suspend implementation of new fuel tax rules
Finance, Taxes, Insurance
Insurance Competitors Merge
Former insurance competitors Aero Insurance and AirSure have merged to form what officials say is now the “largest general aviation insurance broker in the
Finance, Taxes, Insurance
Strategies, Options & Perspectives: June 2005
Like the flu and other nasty bugs, the user-fee virus is making its periodic appearance as Congress considers FAA reauthorization, up for renewal in 2007.
Finance, Taxes, Insurance
Nav Canada sees growth in rate stabilization fund
After sustaining losses of C$116 million ($91.4 million) after 9/11, Nav Canada, the private, non-share corporation that owns and operates Canada’s civil a
Finance, Taxes, Insurance
Insurance Trouble for Older Corporate Pilots
After being forced into retirement at age 60, some former airline pilots turn to corporate aviation to continue their flying careers.
Finance, Taxes, Insurance
Aviation Insurance
Various aviation insurance professionals seem to agree that the overall market has stabilized with premiums still significantly higher than pre-9/11 levels
