Airplane Buyers Guide: Top 20 Tips For Beginners In this airplane buyers guide, you will learn the top 20 tips that you need to know before you purchase your first plane. Buying an airplane for the first time? Not a lot of people can say that, so congratulations. Before you get the keys and take off, you're going to need to make sure you know what to look for. Many of the pitfalls of buying an airplane can [...]
Three of the Best Private Jets According to Resale Value Resale value matters whether you're buying or looking at aftermarket refurbs. Here are three of the best private jets that perform on the resale market. In the year 2017, 62 percent of private jet planes departed from the United States were privately owned. That's versus the 11 percent that were fractionally owned, and the 27 percent that were charter flights. Needless to say, private jets are a big deal. [...]
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. 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 cost of [...]
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 [...]
Review the Year of 2018 with These Aviation Stories Last year was a whirlwind and a game-changer for the aviation industry. Here's a round up of our favorite stories from last year. Now that we've crash-landed into 2019 we can reflect on the year that's come and gone. The aviation industry is a constantly evolving entity, moving in waves with the ever-increasing need for people to travel to every inch of the world. No stone is uncovered. 2018 [...]
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 [...]
You Have Until 2023 to Use the 100 Percent Private Jet Tax Break Aircraft purchased after September 27, 2017, and before 2023 enjoy 100 percent expensing. We share all the essential details here. In the U.S., the private charter flight market is heating up. Younger clients are more attracted to the sharing economy. They're willing to pay for memberships, subscriptions, and fractional ownership to off-set some of the costs of owning a jet. Nonetheless, 62% of private jet [...]
Would You Buy an Electric Jet? You May Soon Have the Option An electric jet traveled around the world in 2016, but will the market adopt them? Here's how the market changed in 2018. Ever since Heino Brditschka flew for nine glorious minutes in his Militky MB-E1 electric battery powered plane, there have been high hopes for an electric jet. Well, 45 years have passed and it seems like just another fun aviation fact. But finally, it seems that one [...]
Choose One of These Five Airports in Europe for Your Next Trip Travelling to or around Europe on your own plane? London is the best place to land. Discrete, private landings can be hard to come by in some of Europe's most famous airports. Some are not qualified to land private planes or have way too much air traffic to do so, so if you're a first time aircraft owner or are simply flying on a private jet for [...]
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 [...]