Transcript: Six months before an aircraft registration expires, the FAA will mail a reminder to the address that they have on record for the aircraft. A month later, a […]
Transcript: Flight school operations are commonly located at your local FBO and they’re how many of us learn how to pilot, how to fly. Most flight schools don’t own […]
Transcript: When the IRS takes a look at our income and our expenses, they divide those income and expenses into several categories, that is, active income and expenses, passive […]
Transcript: Aircraft trusts are used for many reasons, but a common one is to meet legal aircraft registration requirements. US law restricts ownership of US registered aircraft by non-citizens. […]
Transcript: Leasing is really common for aircraft operations because aircraft are high liability items, and we always want to be very careful about who is in operational control of […]
Transcript: Aircraft receive an N-Number when they are first registered with the FAA, either an owner’s specially requested N-Number or a random one. Most already have an N-Number by […]
Transcript: Aircraft registrations expire every 3 years and need to be renewed. The easiest way to renew is to follow the instructions included in the letter the FAA sends […]
Transcript: When operating an aircraft there’s a bunch of authorities that we’re always paying attention to. We want to make sure we’re FAA compliant and DOT compliant. There’s also […]
Transcript: The truth in leasing rule requires that any time use of a large aircraft, meaning one greater than 12,500 pounds gross takeoff weight is sold. The terms of […]
Transcript: Aircraft dry lease agreements are very common in the industry, but there’s a lot of misunderstanding of what a typical lease period might be when state or local […]