Articles

Fractional Aircraft Ownership Programs: Avoiding Turbulence in the Marketplace

Recent developments in the marketplace for fractional aircraft programs make it imperative that Board Members understand risks faced by a company that owns – or is considering the purchase of – a fractional interest in an aircraft, cautions attorney Chris Younger. Fractional Aircraft Ownership Programs: Avoiding Turbulence in the Marketplace

A Trap for the Unwary: Flight Department Companies

Among the first decisions that any company considering an aircraft acquisition must make is how to structure its ownership and operations.  Forming a separate entity for providing air transportation is fraught with unique issues, cautions Troy Rolf. A Trap for the Unwary: Flight Department Companies

Part 91 or Part 135? It’s a Board decision!

Deciding to include Business Aviation as an element of transportation policy for a corporation is easy. Determining which regulatory structure—FAR Part 91 or Part 135—is more involved, notes aviation attorney Keith Swirsky. Part 91 or Part 135

Aircraft Transactions – Tax-Free Like-Kind Exchanges of Aircraft (Part 1)

U.S. Tax Code allows for the disposal of an asset, such as a business aircraft, and the acquisition of its replacement without generating a current tax liability associated with capital gains from selling the first asset. Attorney Chris Younger summarizes the procedures as they apply in practice to Business Aviation. Aircraft Transactions – Tax-Free Like-Kind […]

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