Companies and individuals often grapple with the tax and regulatory complexities involved with operating a business aircraft, with federal excise tax (FET) obligations a common area of uncertainty. NBAA Tax Committee Member Melissa Stanley encourages operators to conduct an FET analysis “any time you move money to pay for aircraft operations — whether those operations are Part 91 or 135, whether the money moving is a reimbursement, a capital contribution [or] a related-entity allocation.”
In this episode of NBAA’s “Flight Plan,” host Rob Finfrock speaks with:
Ryan DeMoor, vice chair of the NBAA Tax Committee and head of aviation tax for MySky
Melissa Stanley, NBAA Tax Committee member and partner at Barbera & Watkins, LLC
Unstabilized approaches, get-there-itis, flight-plan continuation bias and not fully understanding aircraft runway performance are reasons why runway excursions continue to be one of the most common safety challenges facing Part 91 operators. Training on how to effectively deal with such events can help reduce the threat, but having a backup plan may be most important.
Smaller Part 91 operators face the same challenges as their larger counterparts, but they do so with fewer resources. That makes it important for the aviation manager to not only set the right example, but for everyone in the department to lead from their respective positions to create a safe and professional operation.
Aircraft refurbishments continue to be in high demand, with new paint, cabin refreshes and connectivity solutions just a few of the popular upgrades available for business aircraft. Many times, it's ideal to combine this work with scheduled maintenance or overhauls, so planning ahead and scheduling refurbishment during maintenance downtime is as important as ever.
NBAA joined with five industry associations in submitting comments on the FAA's notice of proposed rulemaking on the operation of advanced air mobility vehicles in the National Airspace System. While the NPRM represents significant progress toward the start of commercial AAM operations as soon as 2025, industry stakeholders noted a few concerns.