Money » Taxes, Laws & Finance

August 15, 2012
Choosing your aviation lawyer
When you need legal help buying, owning, operating or selling an aircraft, whom do you call? Many people contact their regular business attorney. That can be a big mistake.
July 20, 2012
Surviving a tax audit
As a big-ticket asset promising large potential tax adjustments, a business jet easily captures the attention of IRS auditors. Given the woefully complicated tax rules applicable to these aircraft, who can blame the IRS for seeking additional revenue opportunities in the flight department?
April 20, 2012
The perfect airplane
Like other lawsuits, most of the ones involving business jets are settled out of court. Every once in a while, though, a corporate jet case will not only reach a judge but produce a decision that shines a spotlight into some dark corner of business aviation. One such case is JDI Holdings, LLC v. Jet Management, Inc., et al., 732 F. Supp.
February 1, 2012
In these days of sluggish economic recovery and historically low interest rates, the biggest competition for those offering business jet financing is a four-letter word: cash. Those who still have the resources to buy aircraft often prefer to pay cash rather than finance, for the simple reason that they now have few other attractive places to put their money.
November 15, 2011
Cabotage Caveats
Sports fans panicked a couple of years ago when the Department of Transportation, the FAA's parent organization, ordered a charter service run by Air Canada to cancel sports-team flights in the U.S.
October 1, 2011
One of the first things you hear about when you begin using business aviation in the U.S. is the mysterious but important distinction between Part 91 and Part 135 operations. Many people still think about the difference in simplistic terms: Part 91–good; Part 135–bad. The facts are considerably more complicated.
August 1, 2011
Chartering your own aircraft can help you save on sales and use taxes and, in
You wouldn't think of buying a house and then renting it to yourself. Why would you ever want to charter your own aircraft?
July 1, 2011
Veteran business jet users and first-time buyers alike have snapped up outsta
One of the first consequences of the 2008 Wall Street meltdown was the overnight disappearance of capital. At the time, many aircraft lenders still proclaimed that they were "ready to do deals," but often they lacked the financial horsepower to deliver on that promise.
July 1, 2011
When BJT's 2010 Buyers' Guide appeared a year ago, all signs suggested a shift toward an aviation insurance market characterized by increasing premiums, restricted coverage availability and more rigid underwriting criteria.
July 1, 2011
Adding more ­passengers can sometimes make travel by business jet even less e
What does it really cost to fly privately and how do those expenses compare with the price of airline travel? BJT computed the roundtrip cost of a New York-to-Paris trip for four passengers via airline first class and via a wholly owned and chartered Gulfstream 550.

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Quote/Unquote

“You are so motivated to make sure the trip goes smoothly, because you know that the organs of these two kids are now going to save the lives of more than just a handful of other kids.”