Accelerated Depreciation for Your Private Plane – 2011
Posted on by adminDid you make a buying decision on your new aircraft based on this legislation? It’s set to expire soon. Read more here.
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Blog Accelerated Depreciation for Your Private Plane – 2011Posted on by adminDid you make a buying decision on your new aircraft based on this legislation? It’s set to expire soon. Read more here. Use Your Aircraft to do What These Companies are doingPosted on by adminRenting and leasing airplanes is becoming easier and more commonplace. Companies in the article here are successfully making headway in this field. If you are a pilot or a plane owner, use Share the Plane and your own aircraft to do exactly what these companies are doing. It’s easy and local. It’s Time to Start SharingPosted on by adminFlying Magazine has been saying it since 2009 – shared airplane ownership is on the rise. The time for sharing has never been better, whether you are owning fractionally or just renting and leasing. Do it yourself at Share The Plane. Read the Flying article here – click. Getting to Know Your Lease OptionsPosted on by adminThere are many options available to pilots to lease an aircraft, so it is important to get to know them if you are considering a lease. Read this primer from the Wilmington Trust to start out – click here. Airplane Rental on the RisePosted on by adminAircraft rental is on the rise across the nation as owners look to keep planes running and pilots look to local owners for less expensive, direct rental relationships. Read the article discussing the trend – click here. Timeshare Classification – Another Way to SharePosted on by adminIn this article, the NBAA presents the FAA regulations on timeshares of aircraft. This is essentially a lease with crew to another person in exchange for “limited reimbursement.” It is another way to share a plane through leasing under Part 91. To read the full article and see additional resources, click here. Don’t Forget About the Tax Advantages of LeasingPosted on by adminMany people think that the only tax and depreciation benefits in aviation come with owning an aircraft. Many of these benefits and quite a few others are available to you through leasing. Read about the tax benefits for aircraft leasing companies in this overview prepared by Jackson & Wade – click here. Aircraft Fractional OwnershipPosted on by adminAnother post from the NBAA, this is information on the background of fractional ownership (first occurring in 1986) and rulemaking. Following the article is a list of resources for fractional aircraft ownership, including financial considerations. Read the full article here. Aircraft Leasing ClassificationsPosted on by adminThe difference between Wet and Dry leases is regulated by the FAA and their Truth-in-Leasing Advisory and it directly impacts how one is taxed by the IRS. A wet lease is basically a lease that includes the aircraft and the crew and a dry lease does not include the crew. Fuel payment is also a critical part of these arrangements. We found a great article well worth the read on this subject and one that anyone currently leasing aircraft or thinking about it should definitely read the article posted on Conklin & de Decker’s site. Link
Aircraft Leasing ResourcesPosted on by adminLeasing an aircraft can be an alternative to purchase for a variety of reasons ranging from practicality to cash flow. There are many different options for leasing planes that all have their own benefits. We found a great article well worth the read on this subject as well as additional resources, go ahead and read the article posted on the NBAA site.
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