World banking giant Bank of America (Booth No. 700), a long-time player in fixed-wing financing, announced yesterday its entrance into the rotorcraft market. Although the bank has financed helicopters on an individual basis in the past, this marks the company’s first attempt at luring a broad spectrum of new clients.
Financing, Insurance and Taxes
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
March 16, 2007 - 9:48am
Want to know what your aviation state taxes are being used for, how to apply for refunds and other tax details? Then you might want to check out the 2004 State Tax Guide for General Aviation from costing analysts Conklin & de Decker. The guide, which comes on a CD-ROM, also shows how sales and use taxes apply to aircraft sales, ownership, leases, parts, labor, fuel purchases and maintenance.
March 16, 2007 - 9:46am
A tax seminar specifically geared toward Part 135 air-charter operators will be held on May 17 in Las Vegas in conjunction with the National Air Transportation Association’s annual convention. The seminar will be presented by Nel Sanders-Stubbs, a partner with Conklin & de Decker business-aviation costing analysts of Orleans, Mass.
March 15, 2007 - 7:46am
California has amended its aircraft sales and use tax law, essentially closing a loophole that allowed buyers of aircraft and other big-ticket items to escape paying sales taxes.
March 13, 2007 - 12:32pm
The Inspector General of the DOT says that as long as Congress continues to mandate funding the FAA out of general tax funds, aviation taxes can fully pay for ATC modernization efforts. AOPA believes this position is “verification from the federal government” of its financial analysis of the FAA’s current funding structure.
February 5, 2007 - 5:08am
With so many choices available to companies and individuals contemplating alternatives to airline travel, what’s a business owner or prospective flight department manager to do? Speakers at the fourth annual Conklin & de Decker Aircraft Acquisition Planning Seminar, held recently in Scottsdale, Ariz., sought to provide some answers to those questions.
February 1, 2007 - 8:49am
The FAA’s budgetary woes are but one symptom of the U.S. fiscal freight train that has been speeding down the track with ever greater wobbles since 9/11.
February 1, 2007 - 5:05am
Although an article in The Washington Post last month implied that the Internal Revenue Service now sanctions the extensive personal use of company aircraft by owners and employees while the company takes a full deduction for the costs of owning and operating the airplane, several aviation tax attorneys counter that it merely sheds new light on the way the IRS views such matters.
January 30, 2007 - 8:58am
Jet Aviation, the aviation services company founded in Switzerland in 1967, was recently singled out for a prestigious safety award by its insurer, AIG Aviation of Atlanta. The company’s European aircraft management and charter divisions received AIG’s Operational Excellence Award for 2003.
January 30, 2007 - 7:03am
Business aircraft and large charter operators may start seeing reduced insurance premium rates within the next few months, if they haven’t already. According to various brokers, insurance premiums for certain segments of the business aircraft and charter market have fallen by 25 percent or more in the past six to 12 months.
