Passed into law in December 2017, the Tax Cuts and Jobs Act has implications for business aircraft owners and operators, and the association is working to answer members’ questions. “NBAA requested guidance on three bonus depreciation issues: definition of property previously used by the tax payer, the binding written contract rules for self-constructed property and the definition of binding written contract,” said John Hoover, a partner at Holland & Knight. Hoover, vice chair of the NBAA Tax Committee, discusses tax reform provisions impacting business aviation in this week’s NBAA Flight Plan podcast.
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Podcast: Proactive Steps to Help Prevent Runway Excursions
Runway excursions are the leading cause of accidents in turbine business aircraft operations. NBAA's Domestic Operations Committee recently updated the association's safety resource, Reducing Runway Excursions in Business Aviation, with additional tips for operators to avoid these events.
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Podcast: Recurrent Checkrides Are a Moment to Level-Up, Not Just Level Off
Business aircraft pilots often utilize their annual Part 61.58 recurrent checkride to not only demonstrate their proficiency in required flight maneuvers, but also as an opportunity to train on specific operational scenarios.
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Podcast: Data Points to Increasing SMS Interest
Consultancies estimate that recent operator requests for guidance on developing safety management systems are up by double digits. What SMS elements are they focusing on?
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Podcast: Responding Safely to Laser Strikes
More than 13,300 laser strikes against aircraft were reported in the U.S. in 2023, and while business aircraft aren't targeted as frequently as airliners, operators must know how to respond safely.
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International Business Aviation Council Ltd.