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.
The National Pause for General Aviation Safety is an industry-wide initiative, supported by NBAA, which encourages pilots and operators to take the time to proactively address complacency, communication breakdowns and other potential issues affecting our industry.
Professional development plays a crucial role in advancing a career in business aviation, but it can be difficult for the industry's young professionals to find the time - and finances - to pursue opportunities for growth. However, there are many paths that can yield a valuable "return on you," that are worth seeking out.