If your aircraft is managed by a third party (or potentially by a related entity), or if your company manages aircraft, the IRS’s recent guidance expanding the applicability of federal excise tax will significantly impact your…more
On July 20, 2010, the Federal Aviation Administration (“FAA”) issued a final rule, Re-Registration and Renewal of Aircraft Registration, http://edocket.access.gpo.gov/2010/ pdf/2010-17572.pdf (“Final Rule”),…more
On September 10, 2010, the Federal Aviation Administration ("FAA") introduced a Notice of Proposed Rulemaking ("NPRM") to address fatigue among commercial pilots by setting new flight time, duty and rest requirements.
Many Canadian businesses are affected by U.S. aviation regulations – either directly through U.S.-subsidiaries that operate aircraft in the U.S., or as lenders to U.S. aircraft-financing customers. The U.S. Federal Aviation…more
Your aircraft may soon be subject to a new annual Washington State tax based on the aircraft's fair market value. This new tax is part of House Bill 3176, which is scheduled for a public hearing before the House Finance…more
On Monday, August 31, the Federal Aviation Administration ("FAA") issued a notice of proposed rulemaking ("NPRM"), proposing to modify numerous pilot training requirements and pilot school certification rules. These changes…more
On October 2, 2008, the Transportation Security Administration ("TSA") issued a 260-page notice of proposed rulemaking ("NPRM") entitled "Large Aircraft Security Program, Other Operator Security Program, and Airport Operator…more
Many of our clients entered into lease agreements years ago, when jet fuel prices were a bargain compared to today’s prices. It is increasingly common for jet fuel to cost nearly $8 per gallon across the United States, whereas…more
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