Transcript:

FAA regulations allow certain types of flying for compensation to be conducted only on qualifying aircraft, i.e. fractional aircraft, multi-engine jets, and aircraft larger than 12,500 pounds gross takeoff weight. However, the National Business Aircraft Association small aircraft exemption provides a way for otherwise ineligible aircraft to also engage in these operations. The exemption is temporary, but the FAA has routinely reauthorized it each year. To use the exemption, one must join the NBAA, notify the FAA of the operations to be conducted, including providing applicable written agreements, make a log book entry regarding the operations, receive FAA approval of the aircraft maintenance program, and confine the operations to within the United States. By complying with these minor requirements, owners of small aircraft can take advantage of operations normally restricted to larger ones.