Bizav Basics » Ownership

August 1, 2007
First, some good news: aircraft ownership, while expensive, offers many tax benefits. A business jet may generate, say, $2 million of out-of-pocket costs annually, but if all of those costs are deductible against taxable income, your after-tax out-of-pocket costs might be only $1.2 million.
June 1, 2007
“People tend to fall in love with a particular business jet,” which often res
You're getting where you need to go-most of the time, at least. But what about everyone else in the company who needs to fly? Is the corporation missing opportunities? Are you paying too much for aviation services? It can be challenging for top management to answer such questions. Here are 10 rules to follow to ensure that your flight department is operating effectively.
April 1, 2007
Insurance solutions can change when your pilot is based on your yacht, your n
If insuring a jet were like insuring a car, you wouldn't need this article-or much help at all. You'd simply call your insurance agent, tell him what model you were buying, make a few quick decisions about coverage limits and be done with it.
December 1, 2006
A clear understanding of the partnership between aircraft owner and managemen
Chartering out your jet when you don't need it can seem like a no-lose proposition. It's certainly not earning you any money sitting in a hangar. On the contrary. So why not put it to work to help defray your ownership costs? You may well want to do just that, but not before you've carefully weighed the pros and cons.

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Quote/Unquote

“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”

-David Wyndham