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
Associations Testify To Preserve Mass. Tax Exemption
Representatives of four trade associations testified last week before the Massachusetts Senate to preserve a sales tax exemption on aircraft and parts.
Airlines
IATA Calls For an End to Covid Travel Restrictions
Travel restrictions prompted by the outbreak of Covid's Omicron variant undermined a somewhat encouraging recovery in demand for flights in 2021.
Finance, Taxes, Insurance
Avsurance Turns 30, Sees Record Year
Avfuel’s in-house aviation insurance subsidiary, Avsurance, celebrated its 30th anniversary with its best year ever in terms of assets covered.
Finance, Taxes, Insurance
Canada Luxury Tax Still Looms over Biz Aircraft
Canada's proposed luxury tax on new general aviation aircraft sales has been delayed.
Finance, Taxes, Insurance
AINsight: Who Gets To Fly on the Company Jet?
As companies lift restrictions on travel via business aircraft amid the Covid-19 pandemic, the time is right to reconsider aircraft use policies.
Finance, Taxes, Insurance
Milwaukee FBO Joins the Avfuel Network
Spring City Aviation, the lone service provider at Milwaukee’s Lawrence J. Timmerman Airport, has joined the Avfuel-branded dealer network.
Environment
Europe, U.S. Take Differing Approaches to SAF Incentives
Europe is taking a “stick” approach to reducing aircraft CO2 emissions, while the U.S. is going the “carrot” route.
Finance, Taxes, Insurance
Helicopter lessor LCI Acquires Nova Aviation Capital
LCI's Nova acquisition boosts its twin-engine rotary fleet to more than 140.
Aircraft
JetBlue Ventures Buys Into Travel Industry Transformation
JetBlue has made significant early-stage investments in aviation technology start-ups like eVTOL aircraft developer Joby and Universal Hydrogen.
Aircraft
Brazil Tax Agency Orders Auction of Falcon 2000
A Dassault Falcon 2000, one of nine business jets seized in 2012 on charges of evading import tax, goes to auction December 15 in Brazil.
Aircraft
Dubai South To See Record Bizav Movements in 2021
Bizjet values have increased in the course of the year
Finance, Taxes, Insurance
CBAA Continues Pushback on Luxury Tax Proposal
The Canadian Business Aviation Association goes on offense to combat the Canadian government's proposed luxury tax on private aircraft.
Aircraft
Cash Pipeline Puts Middle East Lessors in Strong Position
DAE's portfolio stands at 425 aircraft, while Alafco now manages 80.
Finance, Taxes, Insurance
Airbus Emerges Profitable after Covid Hangover
The European aerospace and defense conglomerate recorded a Q3 profit of $472 million.
Airlines
Airlines Slam UK Government over Passenger Duty Changes
IATA director general Willie Walsh accused the UK government of hypocrisy, suggesting new passenger duties are a cash grab disguised as a green tax.
Finance, Taxes, Insurance
CAE Partners on Single-pilot Jet Training Insurance
A first-of-its-kind program aimed at single pilot jet owners will combine a rigorous 18-month training cycle along with insurance for them.
Aircraft
Alitalia Successor ITA Picks Airbus for Future Fleet
ITA has inked deals with Airbus and Air Lease Corp for 59 Airbus narrowbody and widebody airliners ahead of its formal launch October 15.
Aircraft
Amstat To Display New Data Functionality at BACE
Business aviation industry data provider Amstat will be demonstrating several product upgrades and developments at NBAA-BACE next month in Las Vegas.
Aircraft
Northern Pacific Chooses 757s for New Transpacific Services
Alaska-based start-up Northern Pacific Airways is building its fleet around the Boeing 757-200 airliner as it prepares to launch services in 2022.
Finance, Taxes, Insurance
MySky Promises Accurate Charter Quotes In Seconds
Spend management platform MySky has introduced a Quote feature that it says uses real operational data to quickly provide accurate pricing.
Finance, Taxes, Insurance
Leasing Venture Orders 12 More Helicopters
Helicopter lessor LCI and Sumitomo Mitsui Finance and Leasing are acquiring 12 more helicopters worth more than $120 million.
Finance, Taxes, Insurance
ZenithJet Adds Biz Aircraft Cost-management Program
ZenithJet has rolled out a cost-management program for business aircraft owners and operators.
Finance, Taxes, Insurance
UK Firm Brings Bizjet AOG Insurance to U.S. Market
UK-based Falcon MGA Services has teamed with Peter Schmitz to bring JetSure AOG flight-cancellation insurance to the U.S.
Finance, Taxes, Insurance
Orgs Urge Refundability for SAF Blender's Tax Credit
A coalition of nearly 70 aviation organizations and companies sent a joint letter to Congress urging that any SAF blender's tax credit be refundable.
Finance, Taxes, Insurance
Indian Aircraft Lessor Taps General Aviation
Mumbai-based Vman Aero Services aims to be among the first companies entering the general aviation aircraft leasing market in India.
Airlines
Aviation Coalition Protests Brazilian Tax Proposal
The loss of a 30-year tax exemption from Brazilian import duties and other taxes would increase airlines’ tax burden by $955 million.
Aircraft
Domestic Orders and State Backing Boost Russia's UAC Group
While the SSJ100 and Il-114-300 airliners have received new orders, the new MC-21 model is struggling, prompting Russia's government to show its support.
Aircraft
Gol Refreshes Narrowbody Fleet With 737 Max Lease Package
The Brazilian airline is replacing Boeing 737 NGs with the Max in order to cut operating costs and emissions, while also having more fleet flexibility.
Aircraft
EU Approves AerCap-Gecas Leasing Group Merger
European Union antitrust regulators green-light the combination of world’s two largest aircraft lessors without concessions.
Airlines
European Commission Approves Massive Aid Injection to Condor
EU antitrust regulators conclude that German state and restructuring aid to Condor comply with European state aid rules.
