“[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.”
NBAA Releases Guide on Reimbursement of Flight Expenses
The National Business Aviation Association (NBAA) has produced a guide to getting reimbursed for flight expenses. The 15-page handbook, which is aimed at owner-pilots operating business aircraft, is intended to help NBAA members understand the accommodations and limitations allowed by the Federal Aviation Regulations (FARs), including requirements relating to humanitarian or nonprofit flights. Also included in the handbook is a Reimbursement Summary Table for pilots, which makes looking up the reimbursement regulations a little bit easier.