Money » More Money

August 1, 2009
You need to understand the state of the market. Premiums are at an all-time l
On a purchase-satisfaction scale of one to 10, aviation insurance fails to register even a one for most buyers. And no wonder. There's simply nothing sexy about buying a stack of papers that promise to pay for a loss you hope won't occur and which, in fact, is highly unlikely to ever happen.
August 1, 2008
The tax treatment of many aircraft expenses isn’t obvious. Some costs, especi
When a company buys jet fuel for a business flight, the fuel will be consumed immediately. So the cost is tax deductible as an ordinary expense in the current period. Most expenses of owning and operating a business jet are like that-they can be deducted currently and thus offset taxes on current business income.
June 1, 2008
The cost of buying an aircraft is rivaled only by the expense of maintaining it. If someone gave me a Gulfstream G550 for Christmas, I'd have to sell it immediately because just the expense of hangaring and insuring the aircraft, let alone flying it, would far exceed what I can afford. No wonder many people want to figure out a way to share the cost of business jets.
April 1, 2008
New owners “don’t always want their shiny airplane in the hands of stranger
After BJT quoted Long Island, N.Y. businessman Michael Pascucci's claim that his flights on his three aircraft are "free" based on the offset revenue he earns from their charter, we received feedback from readers questioning whether this is truly possible.
July 1, 2007
Don't leave home without it-not if you want simple, guaranteed access to a business jet at a reasonable hourly rate. That's the pitch that has driven the rapid growth of jet card programs. Almost a dozen national companies, including the major fractional and charter fleet providers, now offer these cards. Numerous smaller charter companies also provide jet cards.
April 1, 2007
They don't come to market wearing a scarlet "A." But some business jets have a past that can make potential buyers view them as damaged goods-and greatly reduce their resale value. Their flaws, in the eyes of shoppers, may include relatively high airframe time, corrosion, foreign ownership, missing or incomplete logs and damage history.
February 1, 2007
You most likely think of a hangar as a place to be rented by the month to protect an aircraft from high winds, hail and paint-blistering sun. Hangars, however, can also be investments, and investment options have grown to include condominium-style arrangements and, more recently, long-term prepaid leases.
December 1, 2006
Lloyd Geist, chief pilot for Jet Management Inc., was standing nearby in an airport terminal when another business jet pilot dropped off his rental car. A customer service rep told the other pilot he'd have to pay $4.75 per gallon to refill the vehicle's gas tank. "That's OK," he told her. "It's not my money."




“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”

-Steve Varsano