Lease Agreements! But wait, there’s more!

Lease Agreements! But wait, there’s more!

You’ve set up your operational structure for your “large civil aircraft” and you have your Part 91 lease in place, what now?  Whether you have purchased a new-to-you aircraft, or you are changing up your operational structure, you’ve found a new lessee to use...
Bonus Depreciation in a COVID World

Bonus Depreciation in a COVID World

The IRS is pretty strict when it comes to 100 Percent Bonus Depreciation under the 2017 Tax Act, especially on the fundamentals. Was your aircraft acquired and placed into service after September 27, 2017 and before January 1, 2027 – this one is fairly straightforward...
Review of Timesharing Regs

Review of Timesharing Regs

NBAA Urges Review of Timesharing Regs Following FAA Enforcement Action NBAA suggests operators who are conducting timesharing flights should review the rules in Part 91 of the Federal Aviation Regulations (FARs) governing these flights. With the FAA’s recent...