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
JetNet To Acquire Asset Insight
JetNet reached an agreement to acquire aviation valuation firm Asset Insight.
Finance, Taxes, Insurance
Flydocs Launches New Asset Management Software
New flydocs software is customized to continuously optimize aircraft leases.
Finance, Taxes, Insurance
AviationManuals Forms Partnerships To Expand Services
AviationManuals is teaming up with Starr Insurance and several other key industry players.
Finance, Taxes, Insurance
Starr Insurance Launches Safety Partners; APS Among First To Join
Starr Insurance announces a Safety Partnership Program available to Part 91 and 135 business aircraft operators.
Finance, Taxes, Insurance
MySky Launches Ops-integrated Aviation Tax Software
MySky Tax can be integrated with flight operations software to automatically file tax forms using flight expense data without the invoices.
Finance, Taxes, Insurance
Foley Warns of Slowing Investments in General Aviation Technologies
As the economy becomes less certain, investors are becoming wary of risking investments in aerospace startups, Brian Foley said.
Aircraft
Kremlin Proposes Russian Airlines Buy Seized Western Jets
Russian authorities have asked for consultations with local airlines over the possible purchase of Western airplanes that remain in Russia.
Finance, Taxes, Insurance
CBAA: Canada’s Luxury Tax Adoption ‘Reckless’
The Canadian Business Aviation Association once again blasted the Canadian government's 10 percent luxury tax on aircraft that took effect September 1.
Finance, Taxes, Insurance
AINsight: Five Leases Power Bizjet Deals
Business aircraft buyers can miss out on the potential tax, financial, and other advantages of leasing as an alternative to cash or financed purchases.
Finance, Taxes, Insurance
CHC Helicopter Restructures Finances
CHC Group's debt restructuring will provide more than $100 million in new capital and liquidity for the company.
Aircraft
United Airlines Places $10 million Deposit on Archer eVTOLs
A $10 million cash deposit by United Airlines on 100 eVTOL air taxis provides a major financial boost for Archer Aviation.
Finance, Taxes, Insurance
Timbro: Aircraft Imports Soar after Pandemic
With the ability to conduct foreign trade transactions that save on taxes, Timbro’s aircraft imports climbed by 171 percent in the first half of 2022.
Finance, Taxes, Insurance
NBAA Updates Tax Guide for Non-biz Use of Corporate Jets
NBAA has updated its handbook that provides tax and regulatory compliance strategies for non-business use of corporate aircraft.
Finance, Taxes, Insurance
LCI Orders More Airbus H175 Super-medium Twins
LCI has placed an order for two additional Airbus H175s with an option for four more in a deal valued at up to $125 million.
Finance, Taxes, Insurance
Canada Goes Full Speed Ahead on Aircraft Luxury Tax
Over objections by the Canadian Business Aviation Association, the government is enacting a luxury tax on essentially all genav aircraft as of September 1.
Environment
Aerospace Needs Top Talent To Achieve Green Future
McKinsey analysts say skills and supply chain headaches are holding back aerospace, but there are major opportunities from the quest for sustainability.
Airlines
New GE Aerospace Unit Laser-focused on Airline Recovery
GE Aerospace's new CEO said it could take another 18 months for the air transport sector to get back to pre-Covid levels of performance.
Aircraft
Aviation Capital Is Buyer for 12 Boeing 737-8s
Boeing says the "reboot" of the Max program is complete and that the company sees a return to a normal competitive landscape with Airbus.
Aircraft
Northrop Grumman To Buy Special Mission Boom Overtures
Boom said it has raised more than $600 million in capital for the Overture program.
Aircraft
Airliner Deals Heat Up at Sun-kissed Farnborough Show
Sales and commitments signed over the first two days of the Farnborough International 2022 Airshow covered almost 300 new and converted airliners.
Finance, Taxes, Insurance
MySky Opens Offices in Dubai and Guadalajara
Business aviation financial management solutions firm MySky has expanded its international footprint with the opening of new offices in Dubai and Mexico.
Aircraft
Aerospace Presses Industry Reset Button at Farnborough
The return of the Farnborough Airshow is a welcome boost for an aviation sector, which faces challenges such as inflation and supply chain disruption.
Aircraft
Embraer Finds Its Stride after Failed Boeing Deal
The Covid crisis and the failed sale of its commercial division has forced Embraer to sharpen its focus on efficiency and innovation.
Aircraft
Farnborough Show Set To Boost Conflicted Aerospace Industry
The aerospace and defense community has been through an existential challenge since the 2018 show, and it still faces multiple post-Covid difficulties.
Finance, Taxes, Insurance
Social Inflation, Increased Awards Driving Insurance Premium Hikes
"Nuclear” judgements combined with heavy claims losses are leading to a challenging market for aviation insurers and insured.
Finance, Taxes, Insurance
LCI Acquires 19 Helicopters from Lobo Leasing
Lessor LCI is acquiring 19 helicopters from Lobo Leasing in South America, Africa, and Europe.
Finance, Taxes, Insurance
NBAA Creates Guidelines for Exporting Aircraft from U.S.
NBAA’s Tax Committee and regulatory issues advisory group have jointly created a new, members-only resource on exporting aircraft from the U.S.
Aircraft
ICAO Calls on Russia to Cease Dual Aircraft Registration
The UN’s aviation arm resolves to call on Russia to end its infractions of the Chicago Convention.
Finance, Taxes, Insurance
U.S. Aviation Insurance Market Stabilizes in First Half
The aviation insurance market in the U.S. has been relatively stable in the first half, says Aviation Specialty Insurance president Matt Drummelsmith.
Finance, Taxes, Insurance
GE Aviation Changes Senior Leadership Team
GE Announces Changes to GE Aviation Senior Leadership Team under its plan to separate GE into three independent companies—Aviation, Healthcare, and Energy.
