They say that politics makes for strange bedfellows. So, it seems, does loran, which has recently been recognized by four quite disparate groups: the U.S. Congress, the government of France, the telecommunications industry and the National Air Traffic Controllers Association (NATCA). But in Washington, inter-agency budget struggles cloud further progress with the system.
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.
October 9, 2006 - 10:21am
The House appropriations subcommittee on Transportation, Treasury and Housing has approved a Fiscal Year 2006 funding bill that includes $14.4 billion for the FAA, $877 million more than the agency’s funding for this fiscal year and $1.74 billion more than the Bush Administration requested.
October 5, 2006 - 11:14am
The 2004 American Jobs Creation Act could have entirely the opposite effect on business aviation due to an “overreaching” IRS interpretation that’s causing many companies to reconsider their corporate aircraft use.
October 5, 2006 - 10:40am
In an attempt to limit their insurable losses and reduce premiums, some FBOs continue to ask transient pilots to sign hold-harmless forms. Some go so far as to inform the pilot that they cannot perform the service unless pilots sign the form or that they must charge a higher price for services. Pilots and aircraft owners have protested the practice.
October 3, 2006 - 11:13am
If there’s one thing that FAA COO Russell Chew has going for him as he faces $8.3 billion in budget losses by 2009, it’s that he has lots of people on the sidelines giving him advice.
October 2, 2006 - 4:59am
Although the FAA is not yet advocating new taxes or user fees, the agency continues to emphasize that it needs a consistent, stable revenue stream that is not tied to the price of an airline ticket.
October 2, 2006 - 4:54am
Before it adjourned for its summer recess, the House of Representatives overwhelmingly voted to authorize an extra $1.3 billion for NASA over the next two years to fund earlier cuts in aeronautics research.
September 29, 2006 - 10:31am
Within a decade, aircraft operators flying in the airspace of the 25-state European Union (EU) will likely have to start paying for carbon dioxide (CO2) emissions from their engines.
September 28, 2006 - 12:55pm
Calls to replace the aviation fuel tax with a new user fee structure as a means of funding improvements to U.S. airspace management are not supported by a business case, according to Cessna Aircraft chairman, president and CEO Jack Pelton. Speaking to government and industry officials on Friday at the Washington Aero Club, Pelton said too many myths have been created to support calls for new user fees.
September 28, 2006 - 6:20am
A common admonition to investors is to regard a stock’s past performance as no guarantee of future results. On the macroeconomic level, however, general patterns prove more often true than not, especially over the long run.
