Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
Finance, Taxes, Insurance
AINsight: How Dry Leases Can Prevent Illegal Charter
Leasing enables a lessee to lawfully “operate” and thereby exercise “operational control” over an aircraft under the FARs.
Aircraft
Exim Bank Praises Gulfstream Private Jet Financing Deal
The U.S. Export-Import Bank awarded its Deal of the Year recognition to Gulfstream for a sale of a G650 to a Czech customer.
Finance, Taxes, Insurance
NBAA Lauds IRS Rule Exempting Managed Aircraft from FET
NBAA is praising issuance of a pre-publication final rule by the U.S. IRS that clearly exempts managed business aircraft from federal excise taxes.
Charter & Fractional
UK Operators Stalled by Brexit Blocks on Market Access
UK government negotiators are being urged to negotiate new bilateral agreements with all 27 European Union member states.
Finance, Taxes, Insurance
Tax Holiday Ends for Commercial Flights
NBAA and NATA update members on the the 2021 tax changes and advised quick action on Covid relief programs.
Airlines
IATA Calls for Rapid Covid Tests as Europe Struggles
The association says the tests must replace quarantines and that slot allocation waivers must be extended to allow for a slow air transport recovery.
Finance, Taxes, Insurance
AINsight: 7 Avoidable Mistakes in Acquiring a Bizjet
Acquiring a private jet aircraft is fraught with the potential to make these seven expensive mistakes that can be avoided with a qualified aviation team.
Finance, Taxes, Insurance
Global Jet Capital Raises $522 Million in Newest ABS
Global Jet Capital's total assets securitized now top $2.8 billion.
Airlines
Air Freight Demand Contrasts with Dismal Passenger Traffic
IATA's latest traffic figures for September show encouraging demand for air freight, while Covid continues to blight passenger services.
Aircraft
Airbus Says It Is Rebalanced for Covid Market Conditions
Despite declining revenue and earnings in the first three quarters of 2020, Airbus says it is making progress in harsh Covid trading conditions.
Airlines
IATA Points to Labor as Big Item for Possible Cost Reductions
The trade body warns that unit costs will have to be cut by 30 percent to match expected decline in unit revenue and reach break-even in 2021.
Airlines
South African Airways’ Fate Tied to International Partner
A study presented to the government recommends Ethiopian Airlines as the most palatable potential partner for South African Airways.
Finance, Taxes, Insurance
More Insurance Pain Forecast for Rotor Industry
Helicopter insurance premiums are rising in a "hard market" that could last another two years.
Finance, Taxes, Insurance
IRS Finalizes Regs for 100 Percent Bonus Depreciation
The IRS has released final regulations that spell out bonus depreciaton rules for most depreciable business assets, including business jets.
Finance, Taxes, Insurance
Helo Lessor LCI Partners With Sumitomo Mitsui Finance
LCI and Sumitomo Mitsui Finance and Leasing have agreed to establish a joint-venture helicopter leasing business.
Finance, Taxes, Insurance
UK Bizav Faces Brexit Uncertainties as EU Talks Struggle
The British Business and General Aviation Association discussed multiple question marks hanging over the industry with the Brexit transition set to end.
Aircraft
IBA Sees Pandemic Generating Glut of Aircraft for Lease
Lessees prepare to return more than 1,000 commercial aircraft without “clear options” for onward placement.
Finance, Taxes, Insurance
AINsight: 5 Incentives To Finance Business Aircraft
Incentives to finance a business aircraft include cheap money, no to low cash outlay, tax write-offs, lessor/lender competition, and customized solutions.
Charter & Fractional
EBAA Renews Calls For Transparency in Charter Contracts
EBAA's September 3 webinar focused on what changes might be needed for aircraft charter, sales and acquisitions, as well as finance.
Airlines
Virgin Atlantic Creditors OK £1.2B Restructuring Plan
All four classes of creditors vote in favor of Virgin Atlantic recapitalization.
Finance, Taxes, Insurance
MySky Integrates with SD Pro
Satcom Direct users can now add MySky’s “spend-management platform” to their SD Pro subscription.
Finance, Taxes, Insurance
Aspen Avionics Joining New Aerospace/Defense Group
Airo Group is consolidating a number of aerospace and defense companies in a bid to develop a new publicly traded company.
Finance, Taxes, Insurance
GECAS Slashes Milestone's Value by $729M
GECAS has written down the value of its Milestone Aviation helicopter leasing unit by $729 million.
Finance, Taxes, Insurance
IRS NPRM To Clarify Aircraft Management Taxes
The much-anticipated IRS proposal follows directives from the Tax Cuts and Jobs Act, which exempted certain management fees from commercial FETs.
Finance, Taxes, Insurance
HeliValue$: 'The Worst Helicopter Market in 40 Years'
Used helicopter values sink under the pressures of pandemic, cheap oil, and scarce credit.
Finance, Taxes, Insurance
Industry Assembles Online To Recast Challenge as Opportunity
The online FIA Connect event brought the aviation industry together for a much-needed conversation about how it can get past the Covid crisis.
Aircraft
New Report Predicts Slow Recovery for Civil Aerospace
Roland Berger says the next few years will be more of a transition than a recovery for civil aviation, as air transport demand gradually returns.
Finance, Taxes, Insurance
ADS Says UK Aerospace Needs Urgent, Long-term Support
UK industry group ADS says the government must match public spending by other countries' aerospace industries to deal with threats posed by Covid, Brexit.
Airlines
Novel Coronavirus Shakes Up Global Airline Industry
Airlines that have not benefitted from government aid struggle to survive the pandemic.
Finance, Taxes, Insurance
UK Industry Calls on Government for Urgent Increase in Support
Senior industry leaders addressing the opening ceremony for the FIA Connect event indicated that the aerospace sector faces a long path to recovery.
