The business aircraft finance world will converge at the second iteration of the International Corporate Jet and Helicopter Finance Conference, to be held in London next week. The February 7 and 8 event is expected to attract more than 200 delegates and speakers, including representatives from more than 30 international finance institutions from 17 countries. According to conference organizer Corporate Jet Investor, 70 percent of all worldwide business jet and helicopter purchasers receive financing.
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.
January 17, 2012 - 4:15pm
The Royal Bank of Scotland Group has agreed to sell RBS Aviation Capital to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for some $7.3 billion, RBS announced today.
January 12, 2012 - 9:24pm
Numerous U.S. and international airlines added fare surcharges to certain flights in the first half of January, apparently reacting to the European emissions trading scheme (ETS) that took effect on January 1.
January 10, 2012 - 3:35pm
India’s Directorate of Revenue Intelligence is scrutinizing eight Indian companies that it believes are basing their foreign-registered corporate aircraft overseas to evade customs duty and taxes. The agency is said to be looking at the status of a Boeing 727 owned by the UB Group, Punj Lloyd’s Gulfstream, Essar’s Boeing 737 and Bharat Hotel’s Embraer Legacy 600. Several other Indian companies’ business jets are also understood to be on the agency’s radar. India does not levy a customs duty on foreign-registered aircraft if they fly out within 15 days of arrival into the country.
January 5, 2012 - 3:30pm
Italy’s parliament this week approved plans for a new tax on business aircraft, but details of how the legislation will work in practice are not anticipated until later next month. However, it is expected that tariffs could reach about $385,000 for larger business jets that spend more than 48 consecutive hours in the country. The tax will apply only to privately owned aircraft and will exclude those operated under commercial air operator certificates, as well as aircraft operated by governments and for purposes such as emergency medical services.
January 2, 2012 - 12:25am
ExecuJet Aviation is offering aircraft buyers a more direct and straightforward way to finance and operate business jets through its relaunched SimplyFly program. The package offers a quick decision on financing and the opportunity to have the aircraft managed.
January 2, 2012 - 12:25am
The only certainty is continued uncertainty when it comes to the outlook for the global economy in 2012. For business aviation at least, it used to be assumed that you had to look only at the state of the world’s major stock markets to assess the market’s prospects. But share price fluctuations tell only a small part of the story these days.
December 10, 2011 - 11:05am
Taxes. I would like to pay fewer taxes, or none at all, but I accept why societies need them. I know some folks think we should do away with taxes altogether, but I can’t see how that could work. Like death, taxes are inevitable. On that cheery note, there is one tax I believe the aviation community needs to keep and support, if for no reason other than to avoid its alternative. The tax is the one on aviation fuel; its alternative is user fees.
December 1, 2011 - 4:10am
Uncertainty. It’s a word that packs a lot of fear and indecision into four syllables, and one that has continued to burden not only the U.S. economy but that of the world as well.
November 26, 2011 - 11:11am
Accelerated depreciation for private aircraft became a hot topic again this past June when President Obama repeatedly cited it as a prime example of special tax breaks for the rich he wanted to eliminate.
