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.
Aircraft
EU Simplifies Temporary Admission Process for Aircraft
A change to the European Union's customs code acknowledges establish practice allowing flight plans to suffice for declaration of entry and departure.
Airlines
Dutch Government Backs $3.8 Billion Support Package for KLM
A new credit facility and loan for KLM has been agreed almost two months after sister company Air France got state aid.
Airlines
Lufthansa Saved From Collapse By Disputed Government Aid
The German airline's leading private shareholder had opposed state aid, which was contingent on the government taking a 20 percent stake in the company.
Finance, Taxes, Insurance
IATA Demands More Concessions on ATM Fees and Slot Rules
IATA says Europe's airlines have yet to see the worst of the traffic downturn caused by the Covid-19 pandemic, with more jobs and heavier losses to come.
Finance, Taxes, Insurance
France Unveils €15 Billion Aid Package For Aviation Industry
Government funding includes existing support for Air France, plus a further €8 billion for various aspects of the aerospace sector.
Finance, Taxes, Insurance
MySky Spend Management Platform Expands to Americas Market
MySky's founders say that artificial intelligence can deliver financial transparency to private aviation, which is wasting 20 percent of its cost base.
Finance, Taxes, Insurance
New Venture Jettisons Parked Offshore Helos
A new venture has been formed to help lenders to the offshore rotorcraft industry dispose of under-utilized assets.
Finance, Taxes, Insurance
Civil Aviation Decline Forces Rolls-Royce To Cut 9,000 Jobs
The aircraft engine maker aims to achieve annual savings of around $1.6 billion, with most of the impact being on its UK-based civil aerospace business.
Finance, Taxes, Insurance
Insurance Hikes, Limited Covid Aid for Helo Operators
"Seismic changes” will continue for helicopter insurance.
Aircraft
IAG Cuts Deliveries As Full Recovery Not Anticipated Before 2023
IAG incurred a loss of around $577 million in the first quarter of 2020, and sees even tougher trading conditions in the second and third quarters.
Aircraft
Leonardo Sees 2020 Hit from Decline in Civil Aviation Markets
Italy's Leonardo saw first quarter earnings decline, mainly on the civil side of its business, including helicopters, ATR airliners, and aerostructures.
Finance, Taxes, Insurance
IADA: CARES Act Tax Measure Could Boost Aircraft Sales
The CARES Act renewed the NOL carryback through 2020, opening the possibility for aircraft buyers to receive tax benefits on aircraft purchases.
Aircraft
Airbus Sees More Pain in Commercial Market Through 3Q2020
Airliner deliveries could fall further during the second and third quarters of 2020, resulting in greater financial pressure on the aerospace supply chain.
Finance, Taxes, Insurance
eVTOL Aircraft Programs Could Face Investment Squeeze
AirFinance founder Kirsten Bartok Touw predicts rapid consolidation in the urban air mobility sector as only companies with cash in hand may now succeed.
Finance, Taxes, Insurance
U.S. General Aviation Groups Push for Tax Relief
Six organizations appealed to Senate leaders for relief from aviation fuel taxes, similar to relief already granted to the nation's airlines.
Finance, Taxes, Insurance
NBAA Webinar Explores Covid-19's Impact on FAA Registry
All documents that are mailed to the FAA Civil Aviation Registry are subject to a 72-hour quarantine, webinar panelists noted.
Finance, Taxes, Insurance
FAA Exemptions Can Cause Pilot Conundrums
FAA easing some requirements due to Covid-19, but pilots should check whether insurance is still valid under exemptions.
Aircraft
Leasing Group Avolon Cancels Big Boeing Max Order
A retrenchment at Dublin-based Avolon includes a reduction in aircraft commitments from 284 to 165 over the next three years.
Finance, Taxes, Insurance
EBAA and GAMA Issue Action Plan to Safeguard Business Aviation
EBAA, GAMA and national business aviation groups called on Europe's governments to allow financial relief and regulatory flexibility for business aviation.
Finance, Taxes, Insurance
Aircraft Insurance Pause Not Worth Risk, Says Broker
While aircraft insurance policies can be put on hold during extended periods of grounding, the cost savings don't outweigh the risks for most, broker says.
Aircraft
EC Decision on Embraer-Boeing Deal Extends to at Least June
Embraer's CEO insists that the deal with Boeing to buy 80 percent of the Brazilian company’s commercial business remains a top priority.
Airlines
Singapore Airlines Arranges for Major Funding Injection
SIA Group expects to raise as much as S$15 billion in equity and debt funding.
Aircraft
Qantas Secures Major Private Funding Facility
The Australian flag carrier uses seven Boeing 787-9s as collateral for a new loan.
Aircraft
Lilium Raises $240M More for Its eVTOL Program
The further $240 million in funding raised by Lilium for its eVTOL aircraft development suggests that investors are not deterred by the Covid-19 pandemic.
Airlines
New Data Shows Scale of the EU Travel Ban's Effect on Airlines
Almost 50,000 flights and more than 10 million seats will disappear from the market as a direct result of the European Union's 30-day travel ban.
Aircraft
Inconspicuously, Aircraft Lessors Hit Hard by Virus Scare
Although most lessors remain in a “holding pattern,” the worsening Covid-19 crisis will force repossession of devalued assets.
Airlines
U.S. Airlines Call for Massive Government Relief Package
Trade group A4A projects all seven of its passenger airlines likely will run out of money between June 30 and the end of the year absent government action.
Finance, Taxes, Insurance
AINsight: Negotiating Business Aircraft Financing
An increasing number of high/ultra-high-net-worth individuals are increasingly using other people’s money to purchase business aircraft.
Aircraft
Dassault Reports Strong 2019, Preps Future Falcon
French group Dassault performed well in 2019 mainly thanks to export orders for its Rafale fighter.
Finance, Taxes, Insurance
Aviation Insurance Premiums Continue Ascent
As the pendulum continues to swing further toward a hard aviation insurance market, business aircraft operators should plan on more premium increases.
