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What is SIFL?

  Transcript: SIFL stands for the Standard Industry Fare level, and it’s a multiplier that’s purchased by the IRS in order to help you value personal use of business aircraft. […]

What is fractional jet ownership?

  Transcript: The term fractional refers to a specific type of aircraft co-ownership, where operations fall under federal aviation regulations, part ninety one, sub-part K. These involve a fractional management […]

What is FET?

  Transcript: FET is Federal excise tax, and it’s another tax to be mindful of when you’re owning or operating a business aircraft. Federal excise tax applies to the purchase […]

What is a Part 135 aircraft?

  Transcript: Most general aviation aircraft are operating under federal aviation regulations part 91, entitled General Operating and Flight Rules. These are non-commercial rules, for people flying for their own […]