Money

November 30, 2010
The FAA’s move sent a wave of panic through the business jet industry, partly
Not everyone can register an aircraft in the U.S. For starters, in most cases you have to be a U.S. citizen, as defined by federal statutes and FAA regulations. Under applicable statutes and FAA rules, a corporation isn't considered a U.S. citizen unless its president, two-thirds of its board of directors, two-thirds of its "managing officers" and three-quarters of its owners are U.S.
November 8, 2010
We'll remember 2010 as a year when bargain hunters snapped up business aircraft at prices that left some sellers with a sense of disbelief.
October 1, 2010
If you fly only 100 hours per year, don't expect owning your own jet to be co
ELSEWHERE IN THIS ISSUE, YOU'LL FIND PLENTY of discussion about the tangible and intangible benefits of using business aviation, but what about the expenses? Nobody ever said flying privately is cheap, but the good news is that it can be less costly than you might think-if you take steps to minimize expenses.
October 1, 2010
Today I dusted off a book that I've had for 45 years: Air Navigation, Department of the Air Force. Flipping through the book-which was a gift from an Air Force navigator, the father of one of my Cub Scout buddies-always stirs up memories. One concerns the time my buddy, Richie, and I submitted unsolicited pencil-sketch proposals for fighter jets to the Kennedy Administration.
August 1, 2010
Opportunities to mitigate IRS or SEC difficulties by paying for non-business
One of the biggest challenges posed by FAA regulations is how to pay for a flight on a non-commercial aircraft.
August 1, 2010
Wall Streeters and other experts have been making a variety of persuasive but conflicting predictions about where the economy is headed. Will a recovery be shaped like a V? Or a U? Or perhaps a W? One expert even suggested an L-shaped condition, in which a nosedive would be followed by an indefinite period where we skid sideways along the bottom.
July 1, 2010
Business jet finance probably hit bottom in early 2009. Loans have become much more available since then, but we've yet to return to the halcyon days of 2007, when you could readily arrange 100 percent financing for aircraft at purchase prices that today seem grossly inflated. As Bank of America's Michael Amalfitano pointed out, "The days of aggressive deals at thin pricing are over."
July 1, 2010
Keep in mind that while premiums have dropped dramatically in recent years, t
After three straight years of historically low premiums and greatly expanded coverage offerings, the struggle among aviation insurance companies to gain or hold market share has begun taking its toll. Last year the industry experienced one of its worst for aviation claims since 2001, and 2010 continues the trend.
June 1, 2010
Looking for a bargain on a Cessna Caravan or other aircraft? You may find one
Every year the federal government auctions off to the public a handful of its used business-class jets, turbine helicopters and turboprops at prices that, at first glance, seem ridiculously low. Over the last decade, buyers walked away with deals that have included $30,000 for a Falcon 20, $101,000 for a Sabreliner 75A, $387,000 for a Turbo Commander 690A and $399,000 for a Gulfstream II.
June 1, 2010
As the used aircraft market's recovery continues, global issues are surfacing that could temper buyers' enthusiasm. Remember a couple of years ago, when we heard so much about the fast-rising BRIC countries-Brazil, Russia, India and China? Today the focus has shifted to the PIIGS-Portugal, Ireland, Italy, Greece and Spain, all of which have fairly weak economies and high debt.

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Quote/Unquote

“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”

-business aviation entrepreneur Nick Popovich