Depreciation

May 20, 2010 - 11:41am

Piaggio Avanti fractional provider Avantair’s revenue increased 4 percent, to $36 million, in its fiscal third quarter (which ended March 31) compared with the year-ago period. Its earnings before interest, income taxes, depreciation and amortization also rose to $1.8 million, up from the $1.5 million reported in the same period last year.

March 31, 2010 - 6:45am

Two congressmen have sent a letter to the House Ways and Means Committee asking the tax-writing body to extend the bonus depreciation incentive for noncommercial aircraft purchases.

Under bonus depreciation, companies and individuals were allowed to claim an additional depreciation of up to 50 percent during the first year after purchase on capital equipment used primarily for business and placed in service by the end of last year.

February 22, 2010 - 9:33am

Fractional provider Avantair reported revenues of $35.8 million for its Fiscal Year 2010 second quarter ending December 31. It recorded operating income of $1.4 million versus an operating loss of $628,000 in the year-ago period, and earnings before interest, income taxes, depreciation and amortization stood at $2.8 million.

February 16, 2010 - 11:09am

Fractional provider Avantair reported revenues of $35.8 million for its fiscal year 2010 second quarter, which ended December 31. It recorded operating income of $1.4 million, versus an operating loss of $628,000 in the year-ago period, and earnings before interest, income taxes, depreciation and amortization stood at $2.8 million.

September 29, 2009 - 11:49am

Fractional-share operator Avantair released its fiscal fourth-quarter financial results yesterday, which included growing revenues, declining operating losses and an EBITDA profit. Avantair operates a fleet of 52 Piaggio Avanti twin turboprops. The company added one more Avanti to the fleet during the fiscal quarter that ended June 30 and sold one core aircraft.

April 1, 2009 - 9:37am

According to Cessna Aircraft, enhancements made to business aircraft this year might qualify for the new bonus depreciation tucked into the recently passed federal stimulus legislation, depending on the tax accounting treatment.

March 5, 2009 - 11:22am

Cessna Aircraft is reminding Citation owners that enhancements made to their business aircraft this year might qualify for the new bonus depreciation tucked into the recently passed federal stimulus legislation, “depending on the tax accounting treatment a company uses for the upgrade.” Upgrades to business aircraft from other manufacturers could potentially benefit from the bonus depreciation rule as well.

February 27, 2009 - 9:59am

For business aviation, the latest $787 billion economic stimulus bill–H.R.1, the “American Recovery and Reinvestment Act”–giveth with one hand and taketh away with the other.

January 27, 2009 - 10:08am

A wide-ranging coalition of aviation interests that includes both general aviation and the nation’s airlines has proposed a $4 billion stimulus package that could–among other things–accelerate the Next Generation Air Transportation System (NextGen) by creating 100-percent government-funded grants to retrofit both commercial and GA aircraft with NextGen equipment such as on-board avionics, electronic flight bags, cockpit displays, surface movin

December 11, 2008 - 10:31am

Sparta, N.J.-based business aviation consultancy Brian Foley Associates today said it believes the recovery of the business jet market will be sooner than previous estimates, despite “being nowhere near the bottom” of the current market cycle. “It’s hard to think recovery in this environment, but there’s reason to believe that we may come out of this a little sooner than widely expected,” noted company president Brian Foley.

 
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