Transcript: It’s very common for businesses that are owning and operating aircraft to set up a special purpose entity or a subsidiary specifically to own and operate the aircraft, […]
Transcript: The sale of excess capacity on a business aircraft can be done in a variety of ways but FAA limitations in this area are extensive and strictly policed. The […]
Transcript: For truth-in-leasing purposes a lease is considered to be any arrangement where an aircraft whether with or without crew is provided by one person to another for compensation […]
Transcript: In order to register an aircraft, the owner must provide the FAA with a signed registration application on FAA form 8050-1, along with proof of ownership of the […]
Transcript: The FAA severely limits the circumstances where a non-commercial operator can be compensated for providing flights. Cases where it may be allowed include 1) for qualifying aircraft, time-sharing […]
Transcript: The FAA recommends that aircraft registration renewals be submitted five months before the registration expires. This way, if there are any problems, there’s time for a back and […]
Transcript: Leasing is extremely common in the aviation industry. Some useful guidelines are that the lessor generally provides the plane solely as a piece of equipment. Meaning, they do […]
Transcript: The FAA severely limits compensation a private pilot can receive and for this purpose, reimbursement counts as compensation even if the pilot’s still loses money. However, some reimbursement […]
Transcript: There can be some limitations on the operation of experimental aircraft being flown for business. That said, the FAA’s primary concern is about the safety of any passengers. […]
On January 24, 2014, the FAA issued a new National Policy on operations in Reduced Vertical Separation Minimum (“RVSM”) airspace. (FAA Notice N8900.250 and Revised FAA Order 8900.1.) One significant […]