April 1, 2016
The FAA has approved a 12-month extension to NBAA’s Small Aircraft Exemption, allowing NBAA members that operate small aircraft to take advantage of the flexibility usually offered to operators of larger, turbine-powered aircraft. The latest extension conveys these benefits through March 31, 2017. “NBAA is pleased that the FAA has extended our long-established small aircraft exemption, a valuable tool for businesses utilizing smaller aircraft,” said Doug Carr, NBAA’s vice president of regulatory and international affairs. Learn more about NBAA’s Small Aircraft Exemption.
NBAA’s Small Aircraft Exemption allows operators of piston airplanes, small airplanes, and all helicopters to utilize the limited options for cost reimbursement permitted under Part 91, Subpart F of the Federal Aviation Regulations (FARs). This exemption has been approved by the Federal Aviation Administration (FAA) and is only available to NBAA Members.
Common situations where cost sharing may be helpful include the transportation of a guest on the company aircraft or use of the aircraft by employees of a subsidiary company. In addition, the use of time sharing, interchange, and joint ownership agreements are permitted under Part 91, Subpart F.
Without the NBAA Small Aircraft Exemption, the cost sharing options available under Part 91, Subpart F are only available to aircraft that fall into one of the following groups:
- The aircraft has a maximum takeoff weight of over 12,500 pounds, or;
- The aircraft is a multi-engine turbojet aircraft (regardless of size), or;
- The aircraft is a fractional program aircraft (regardless of size)
The NBAA web site provides Members with further information on the conditions and limitations of the Exemption and a copy of the FAA letter granting the Exemption to NBAA, which must be carried on board the aircraft.
NBAA offers a comprehensive suite of benefits, services and products that give Member Companies of all types and sizes the tools they need to make the best use of their business aircraft. Learn more about NBAA Membership.