Preparing and presenting a budget to the company principal can be challenging when running a small flight operation, but there are steps aviation managers can take to become more comfortable with the process. “As a flight department leader, you have to understand the numbers,” said Jim Lara, principal for business aviation consulting firm Gray Stone Advisors. “Do your homework and be very familiar with them. Second, you have to understand your audience and how they process information and make decisions.”
In this episode of NBAA’s “Flight Plan,” host Rob Finfrock speaks with:
Eric Canup, head of flight operations, Live Oak Bank
With the New Year quickly approaching, we look back on the most popular episodes of NBAA’s Flight Plan podcast over the past 12 months, which featured discussions about professionalism and safety, the relationship between sustainability and emerging technologies in business aviation and how NBAA works with the FAA to keep pilots flying safely through areas of convective weather.
Although business aviation is not a cause of aviation system delays, weather and other factors can pose unexpected travel challenges. If business aviation is in your planning this holiday season, it's best to prepare for potential delays.
Attracting the next generation of business aviation professionals is a top priority throughout the industry, and local and regional groups are often the first point-of-contact for students and young people seeking information about the industry and its potential opportunities.
The end of the year is often a stressful time for business aircraft operators that are grappling with tax issues, particularly if they've purchased an airplane hoping to take advantage of higher bonus depreciation rates. Aviation managers shouldn’t wait until the final weeks of the year to develop their tax strategy.