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
Canadian Governments Pumping Billions into Green Aviation
PWC, Bell, and CAE could receive $685 million from Canada's support for electric aviation.
Aircraft
Aircraft Lessors Look To Bulk Up in Wake of Covid
OEM leadership appears generally unfazed by likely further consolidation of the airliner leasing business.
Finance, Taxes, Insurance
AINsight: Are Preowned Biz Aircraft Prices Going Up?
In the business aviation industry, the elephant in the room is preowned aircraft pricing.
Finance, Taxes, Insurance
Mass. Gov. Declares GA Month, Senate Mulls Landing Fee
While Massachusetts governor declares July general aviation appreciation month, the state senate is considering a $1,000 per GA aircraft landing fee.
Finance, Taxes, Insurance
Wintrust Adds Business Aircraft Finance Division
Wintrust Asset Finance announced a new division, Wintrust Commercial Finance Aviation Group, that will focus on financing solutions for business aircraft.
Finance, Taxes, Insurance
NGPA Offering $150k in Aviation Scholarships
NGPA, which supports the worldwide LGBTQ+ aviation community, said its aviation scholarships for the 2021 cycle total more than $150,000.
Aircraft
Embraer Confirms Talks To Merge Eve eVTOL Unit with Zanite
Embraer is in talks over a possible merger of its Eve Urban Air Mobility Solutions subsidiary and special purpose acquisition company Zanite.
Finance, Taxes, Insurance
GA Groups Testify Against Proposed Canadian Luxury Tax
General aviation association leaders cited the many negative effects of a proposed 10 percent luxury tax on GA aircraft during testimony in late May.
Aircraft
'Royal Barge' Bizliner Robustness Tested by Pandemic
Covid has pressured bizliner activity in the Middle East, but the aircraft remain durable.
Finance, Taxes, Insurance
Mass. Bill To Impose $1k Landing Fee Won’t Fly
State senator that filed bill to impose a $1,000 landing fee on general aviation aircraft concedes it needs exemptions and would be mooted by federal laws.
ATC
European Aviation Groups Protest Rising ATC Charges
Aircraft operators say European Union states are making them carry most of the burden for Covid-related losses by air navigation service providers.
Finance, Taxes, Insurance
Mass. Bills Target GA with More Taxes, $1k Landing Fees
Massachusetts legislators are floating bills that would impose a landing fee on general aviation aircraft and repeal a sales tax exemption for aircraft.
Finance, Taxes, Insurance
AINsight: Flying Free of Federal Excise Taxes
After years of advocacy by the bizav industry, the U.S. IRS recently shifted its position on federal excise taxes largely in favor of aircraft owners.
Aircraft
ST Engineering, Temasek To Form Freighter Leasing JV
The 50-50 joint venture between ST Engineering and Tamasek will focus on narrowbody P2F conversions.
Aircraft
Airbus Signals Intention To Build a Widebody Freighter Aircraft
The European airframer expresses the need to change the “unhealthy” market balance between itself and Boeing in the all-cargo aircraft market.
Finance, Taxes, Insurance
CBAA Continues Battle against Proposed Luxury Tax
Business, personal, and other general aviation aircraft are set to be included in the Canadian government’s luxury tax that goes into effect next year.
Aircraft
Boeing Sees Continuing Strong Supply of Aircraft Financing
Funding for aircraft acquisitions will continue unabated as the pandemic eases, according to Boeing’s latest finance forecast.
Aircraft
Air Canada Commits to Moving Ahead with A220, 737 Max Buys
The government of Canada will own a portion of the flag carrier under a provision of a C$5.879 billion aid package.
Airlines
Air France Gets $4.7 billion More in Aid from French State
The European Commission has approved the French bailout of Air France subject to conditions, including surrender of 18 daily slots at Paris Orly Airport.
Finance, Taxes, Insurance
MySky Launches Aircraft Ownership Cost Prediction Tool
MySky Budget is based on the company's existing spend management platform, calculating projected costs based on some 30 million data points.
Airlines
Sweden Set To Introduce Emissions-based Charges for Flights
The Swedish government will introduce takeoff and landing charges to encourage airlines to use more fuel-efficient aircraft with lower emissions.
Finance, Taxes, Insurance
Global Jet Capital Closes Fifth Securitization
Global Jet Capital has closed its fifth asset-backed securitization worth $663 million.
Aircraft
GE Reaches $30 billion Deal To Sell Gecas to AerCap
A Gecas-AerCap combination would result in a combined portfolio of more than 2,000 aircraft, 900 engines, and 300 helicopters.
Aircraft
U.S. and EU Declare Truce over Boeing and Airbus Subsidies
U.S. and European Union trade representatives have been given four months to try to find compromise in the long-running dispute over aerospace subsidies.
Finance, Taxes, Insurance
Lufthansa Technik Suffers Steep Losses on Pandemic Woes
The MRO arm of the Lufthansa Group attributes its product and customer diversity and investments in digital platforms for its ability to counter Covid-19.
Engines
Safran Gets €500 Million Loan for Clean Engine Development
The European Investment Bank will make available a 10-year credit line to Safran for the development of environmentally friendly engine technology.
Aircraft
Airbus Sees an Uncertain Path to Air Transport Recovery
Covid hit the civil side of Airbus's balance sheet hardest in 2020, but the European group said results would have been worse without prompt action.
Airlines
India Lowers Entry Barriers for New Domestic Lessors
Companies operating out of the Gujarat International Finance Tec (GIFT) City will now enjoy tax incentives to lease aircraft to Indian airlines.
Aircraft
New-gen Airliner Values Steady as Older Models Continue To Fall
IBA appraisers sees values of older airliners continuing to decline amid Covid pressure.
Finance, Taxes, Insurance
Bristow Sees No Recovery for Offshore Helicopters in 2021
Helicopter services company Bristow continues fleet downsizing, quarterly losses.
