Transcript: Once a buyer and seller have struck a deal for an aircraft purchase, they will often want to move quickly ahead with the pre-purchase inspection. Too quickly, to […]
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 […]
Transcript: Ownership interests in large US aircraft and aircraft engines should be recorded not only with the FAA but also with the international registry, also known as the Cape […]
Transcript: One of the FAA’s greatest concerns in general aviation is arrangements where one party provides air transportation to another. A so-called flight department company exists when somebody establishes […]
Transcript: When it comes to aircraft taxes, both federal and state must be taken into account. On the federal side, the most important are income tax which comes into […]
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 […]
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 […]
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 […]
Transcript: Aircraft can be owned in trust vehicles, wherein one company owns the aircraft or the aircraft trust and another company or individual is the beneficiary of that trust […]
Transcript: An interchange agreement is one of the few arrangement allowed by the FAA where a non-commercial operator can provide flights for compensation. In this case, the compensation is […]
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