President Bush planned to sign legislation that will increase from 30 percent to 50 percent the first-year depreciation allowance for capital goods, including aircraft. The provision, part of the Jobs and Growth Tax Act of 2003 passed by Congress late last month, “should be a big boost to general aviation,” said General Aviation Manufacturers Association president and CEO Ed Bolen. “This is a real financial incentive to buy airplanes now.”
Duncan Aviation expects by the first quarter of next year to receive group STC for RVSM in the Gulfstream II. The avionics package will consist of dual IS&S air-data computers, dual IS&S altimeters and interface units. Duncan’s goal is to keep the installed price below $200,000. Installations would be available from Duncan facilities in Battle Creek, Mich.; Lincoln, Neb.; Van Nuys, Calif.; and Teterboro, N.J.
Aviation Fabricators (AvFab) of Clinton, Mo., recently gained an STC and PMA for its aft jump seat kits for King Air 100 and 200 series airplanes. AvFab said the fold-up seats not only improve the utility of the King Air cabin, but the list price of $14,800 a pair (unupholstered) is approximately half of Raytheon’s list price. In addition, the new product is available for immediate delivery.
The Congressional Budget Office (CBO) has raised its estimates of budget deficits. Earlier this year, the prediction was for a deficit of $46 billion for the current fiscal year. However, individual tax receipts were recently projected to run some $40 billion below expectations, and that has caused experts to guess that the deficit could go upwards of $70 billion.
New York City has been granted $9.8 million in federal funds to buy and equip a hybrid “super-copter” equipped for response to a variety of emergency situations but specifically terrorist attacks. Making the announcement, U.S.
Alexander Lebed, a once-powerful Russian politician, was killed April 29 when the Russian-made Mil Mi-8 helicopter in which he and 19 others were traveling smashed into a snowy Siberian hillside not far from the town of Abakan in the vast Siberian province of Krasnoyarsk, where Lebed was governor. The crash, which killed eight, among them three journalists and the region’s deputy governor, took place in thick fog.
It’s been 45 years since President Dwight Eisenhower became the first standing U.S. President to fly aboard a helicopter, a 60-min hop in a Bell UH-13-J that did much to validate public and private faith in rotorcraft as a form of VIP travel. Since those days, Presidents have logged thousands of miles and hundreds of hours aboard the rotorcraft flown and maintained by U.S.
Keeping with custom, Congress deserted Washington for the dog days of August with some small sense of accomplishment. Of the 1,570 bills submitted in the Senate and the 2,987 in the House before the recess, Congress tallied but 66 bills and resolutions that were signed into law. The Republican Study Committee reported that of those 66, 35 contained little or no significant costs to taxpayers.
A marginally sufficient 55 percent of the 540-strong force of eligible employees at aeromed operator Air Methods recently voted to approve representation by the Office and Professional Employees International Union (OPEIU). Under the Railway Labor Act, a simple majority is all that’s required for a union to win such a decision.
Ah, yes, there is considerable trouble in River City, and it isn’t a pool hall like in the 1950s Broadway musical. In this case, the river is the Potomac, the city is Washington and the trouble is that the Senate Republicans and Democrats do not seem to be able to join hands to break through their agonizingly slow pace and move forward to pass stalled legislation.