The robust Eurocopter EC145 light/medium-twin helicopter, which has long been popular with EMS operators and the military (see box), is increasingly being ordered for executive transport. Now the manufacturer has collaborated with Mercedes-Benz to develop a flexible, upscale executive cabin for the model, with seating for four to eight passengers and more streamlined skids, nose, cowling and cladding to the exterior that add around three knots to the cruise speed.
Hopscotch Air, a small charter operator that uses five-seat single-engine Cirrus light airplanes, just celebrated its fifth anniversary, a notable accomplishment in this economy. The company—which focuses on short flights, primarily within a 300-mile radius of New York City—serves destinations throughout New England and as far south and west as Washington, D.C., and most of Ohio.
To start writing off your newly acquired jet for tax purposes in the U.S. you have to do more than buy it; you have to “place it in service” in your business. In recent years, the availability of “bonus” depreciation has only upped the ante on satisfying this Internal Revenue Service requirement.
One of architecture’s greatest minds talks about why that field matters—and why business jets do, too.
You don't have to buy or lease a Lamborghini to get behind the wheel. Just arrange a rental
Hindsight is 20/20—and in the fractional-share business, foresight may at best be about 20/1,000. In a market like today’s and with a rapidly evolving product like fractional, even the most seasoned insiders seem to lack a clear sense of what’s next.
“[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.”