Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

With a new administration arriving in Washington, D.C., in January, some industry leaders are raising hopes of a return to full bonus depreciation on business aircraft sales. Congress renewed 100% depreciation as part of the Tax Cuts and Jobs Act of 2017, but that has been slowly phasing out since. Aircraft entering service this year are eligible for 60% accelerated depreciation.
Lawmakers last year had considered renewing the 100% bonus depreciation as part of a limited tax incentives bill that also would have renewed full research and experimental expensing. But unable to reach an agreement on some of the bill’s other measures, Congress pushed action on it into 2025, when many of the tax cuts established in the 2017 bill are set to expire.
While the bonus depreciation measure ostensibly received support on Capitol Hill, the current administration proposed lengthening, rather than shortening, depreciation schedules for business aircraft to match that of airliners. However, Congress is anticipated to quickly turn its attention to a tax bill once it reconvenes in January, raising optimism that the bonus depreciation measure would receive support on Capitol Hill as well as the White House.
“Phasing out the bonus depreciation initiative hurt the private aviation business in this country,” said Ben Shirazi, president of aircraft dealer-broker SmartJets and president of VIP Completions. “It is my hope, and it seems to be an industry-wide expectation, that the incoming Trump administration will reverse the phaseout, reset bonus depreciation to 100% for 2025, and—possibly—offer retroactive refunds.”
Shirazi said such a renewal appears to be consistent with President-elect Trump’s return to the Oval Office “and it is widely expected that this will happen in the early days of the next administration.”

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

Industry Hopeful of Full Bonus Depreciation Return

Congress expected to turn to tax bill early next year

Ben Shirazi, president of aircraft broker SmartJets, remains hopeful that bonus depreciation will be included in a tax package that could come up in Congress.

2024 Corporate Aviation Leadership Summit

Charles Alcock

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Expansion of fleet will enhance service during holidays

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News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

Industry group says this is the first in a series of new features for EBACE

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News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

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Medical and passenger flight demand increased alongside revenues

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