8 03, 2019

VREF Aircraft Reference Value & Appraisal Services Announces a New Offices in Europe

By |2019-03-08T20:08:10+00:00March 8th, 2019|Uncategorized|

VREF Aircraft Reference Value & Appraisal Services, the leading provider of aircraft valuations for the aviation industry continues its 25th Anniversary celebration by announcing a new office location in Austria and Switzerland. Dr. Andreas G. Grassl, was appointed as the VREF Senior Appraiser for Europe. Dr. Grassl brings over 30 years of Aviation experience to VREF as a practicing Aviation Attorney with a diverse background in law. Dr. Grassl holds a law degree from Vienna University and a master’s in finance [...]

14 01, 2019

A Brief Guide to Aircraft Depreciation

By |2019-01-14T19:41:26+00:00January 14th, 2019|Uncategorized|

A Brief Guide to Aircraft Depreciation Don't miss out on tax deductions from depreciation. Get on your way to understanding aircraft depreciation and its tax implications. To deduct, or not to deduct? That is the $1 million question, isn't it? As an aircraft owner, you want to take full advantage of any tax breaks you can find. And this means you need to understand depreciation and how it works for an aircraft. Depreciation allows business owners to deduct the [...]

14 01, 2019

Income, Sales, and Personal Property: An Introduction to Income Taxes for Pilots

By |2019-01-14T19:39:43+00:00January 14th, 2019|Uncategorized|

All the Income Taxes Pilots Must Pay to the IRS Thought your taxes were complicated before? Light aircraft ownership tangles them further. Here are three things you need to know as a pilot. Paying income taxes is like sitting in a traffic jam: We all have to do it occasionally, even if we don't quite understand why. In one survey, 57 percent of Americans confessed to feeling confused about the tax code. A few things can make it [...]

14 01, 2019

No Employee Business Expenses for Individual Owners: What Light Jet Owners Need to Know

By |2019-01-14T19:26:09+00:00January 14th, 2019|Uncategorized|

Individuals Owning a Light Jet May See Their Tax Returns Change Do you try to use employee business expenses to offset costs? Not anymore. Here's what you need to know about writing off expenses as a light jet owner. Purchasing a light jet isn't as simple as signing on the dotted line and taking to the skies. You must consider how you intend to use the jet and what that will imply for your taxes. Ultra-high net worth [...]

28 12, 2018

VREF helps Donald Trump Value his Aging Air Fleet

By |2018-12-28T17:06:51+00:00December 28th, 2018|Uncategorized|

Of all the things connected to Donald J. Trump, few have given him more mileage than his fleet of aircraft. His Boeing 757 jet, often referred to as Trump Force One, has received the full rich-and-famous lifestyle treatment; The Washington Post even queried whether it was better than Air Force One. One of Mr. Trump’s helicopters has gotten similar coverage; an interior renovation made CNBC’s “Secret Lives of the Super Rich” in a segment entitled “Pimp My Chopper.” A [...]

14 12, 2018

Guinness World Record for the farthest distance traveled by electric helicopter!

By |2018-12-14T17:40:33+00:00December 14th, 2018|Uncategorized|

Tier 1 Engineering announced today that they have set a Guinness World Record for the farthest distance traveled by an electric helicopter. The battery-powered manned Robinson helicopter achieved a record 30 nautical mile flight to 800 feet altitude with an average speed of 80 knots on Friday, December 7th.  The helicopter was a modified Robinson R44 test piloted by Captain Ric Webb of OC Helicopters. All flights were accomplished at the Los Alamitos Army Airfield under a special airworthiness certificate in the experimental [...]

14 12, 2018

A Beginner’s Guide to the Different Types of Private Jets and Their Amenities

By |2018-12-14T17:30:09+00:00December 14th, 2018|Uncategorized|

A Beginner's Guide to the Different Types of Private Jets When looking for your first private jet, there are a few amenities you do not want to go without. Here's a handy guide to the different types of private jets. Decisions, decisions... Buying your own private jet is a big one, but it comes with many benefits. If you travel often for work, your jet will pay for itself many times over in terms of saving you time [...]