A Note About Tax Audits for Aircraft Owners and Operators

In a recent news release, the IRS announced plans to begin “dozens” of audits on aircraft use by large corporations and high-income taxpayers to determine whether expenses for private aircraft are being properly allocated between business and personal use. “Personal use of corporate jets and other aircraft by executives and others have tax implications, and [...]

By |2024-03-15T14:27:16-07:00March 15th, 2024|Articles|0 Comments

Aviation Safety is Paramount for any Operator

Safety is paramount with the FAA and it is the primary issue that the FAA scrutinizes with respect to Part 91 and 135 operators.  Owner/operators are in position – and arguably have an obligation – to set the tone when it comes to operational safety.  The entity chosen to manage the aircraft, whether for charter [...]

By |2024-01-17T17:52:38-08:00January 17th, 2024|Articles|0 Comments

Are Dry Leases Always a Problem?

Hundreds of articles have been written about dry leases and their potential pitfalls with respect to operational control and FAA regulatory compliance, but are dry leases of aircraft truly always bad? Since this article is written by a lawyer, the answer is, of course, “it depends”. Obviously, dry leases that are thinly veiled attempts to [...]

By |2023-12-08T12:44:53-08:00December 8th, 2023|Articles|0 Comments

May I Register or Operate an Aircraft in the United States If I Am Not a U.S. Citizen?

To register an aircraft (or maintain registration of an aircraft already registered) in the United States (i.e., N-registration), the aircraft must be either (1) owned by a “citizen of the United States,” (2) owned by an individual citizen of a foreign country who has been lawfully admitted for permanent residence in the United States, (3) [...]

By |2023-11-06T11:04:01-08:00November 3rd, 2023|Articles|0 Comments

Closest to the Prop

A view from the Tee Box at Hole 6 at Langdon Farms Golf Course in Aurora, OR Aero Law Group is proud to support the Pacific Northwest Business Aviation Association (PNBAA) and, for the past fifteen years, our favorite way to support PNBAA is by participating in their annual golf tournament.  Not only [...]

By |2023-09-11T17:01:21-07:00September 11th, 2023|Articles|0 Comments

The Management Company Circle of Life

Kevin Austin went to work in the aviation industry nearly 50 years ago running tours, mopping floors and emptying garbage cans at Boeing’s 747 manufacturing facility while going to school at night.  He later negotiated aircraft purchase agreements with the world’s airlines.  He then attended Stanford Law School and Stanford’s Graduate School of Business where [...]

By |2023-08-11T17:11:33-07:00August 11th, 2023|Articles|0 Comments

Options for Owners of Lighter aircraft under NBAA Exemption 7897L

Aircraft owners looking for unique structures to operate their aircraft under Part 91 may be enticed by some of the exemptions carved out under 14 C.F.R. §91.501, such as time-sharing agreements, interchange agreements, and joint ownership agreements. However, the provisions of 91.501 are only available to owners of aircraft weighing more than 12,500 pounds or [...]

By |2023-07-06T16:43:25-07:00July 6th, 2023|Articles|0 Comments

Jet It Woes

On May 19, 2023, Greensboro, North Carolina-based fractional aircraft program operator Jet It ceased all operations of its Honda Jet aircraft. The HondaJet is a light-jet aircraft seating up to six passengers and features a unique design where its engines (developed jointly by Honda and GE) are mounted—not on the fuselage—but on pylons mounted on [...]

By |2023-06-12T16:42:13-07:00June 12th, 2023|Articles|0 Comments

The 38th Annual Reins of Life Auction

When Aero Law Group attorney Cheryl Kringle is not advising the firm on internal legal and business affairs, she is busy serving on the Board of Trustees for Little Bit Therapeutic Riding Center, “a community where horses transform the bodies, minds, and spirits of people with disabilities.” Cheryl became involved with the organization after gaining [...]

By |2023-04-07T14:46:39-07:00April 7th, 2023|Articles, Uncategorized|0 Comments

FinCEN to Require Reporting Private Company Information in 2024

More than two million corporations and limited liability companies are created in the United States every year. Only a handful of these entities are subject to public disclosure of details of their activities, either for the protection of investors or as part of regulating particular industries. Concerned that most U.S. states do not require reporting [...]

By |2023-03-09T16:40:47-08:00March 9th, 2023|Articles|0 Comments
Go to Top