What is the International Aircraft Registry?
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
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What is the FAA flight company department rule?
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
What is the difference between Federal and State tax requirements for aircraft acquisition and use?
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
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
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