Many aircraft manufacturers and brokers are now urging potential customers to sign contracts for or take delivery of newly manufactured aircraft before December 31, 2012, in order to take advantage of additional first-year tax depreciation—popularly known as “50% bonus depreciation.” However, before jumping in and signing a letter of intent or purchase agreement, potential aircraft [...]
On August 1, 2012, the Internal Revenue Service published final regulations on disallowance of deductions for personal entertainment use of business aircraft by so-called “specified individuals.” Click here to download a copy of the final regulations as published in the Federal Register. The final regulations are effective for tax years beginning after August 2, 2012. [...]
On May 3, 2012, major business aircraft manufacturer Hawker Beechcraft Corporation and its parent and affiliated companies (HBC) filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. HBC and its affiliated companies have requested the cases be consolidated under Hawker Beechcraft, Inc. Case No. 12-11873 [...]
These are memos and various other resources composed internally by Aero Law Group PLLC. FAA Re-Registration Rule [7.20.2010] EU Mandates Carbon Credits for Flights to Europe [9.1.2009] FAA Part 135 Info [4.3.2007] Cape Town Registry [3.1.2006] Fractional Changes [1.15.2005]
Aero Law Group attorneys’ experience in Aviation, Venture Equity and Debt Financings and Emerging Growth Company representation makes the Aero Law Group the logical choice among participants in the Internet B2B marketplace for aviation related goods and services.
The economic changes of the past decade have generated a corresponding need for safe, efficient and productive business air travel. Acting on this need, our clients, leading entrepreneurs, venture capitalists, investment bankers, financial and research institutions and technology based private and public companies, have acquired ownership interests in a variety of corporate and executive aircraft [...]
Aviation deregulation has resulted in both growth and diversity in the commercial aviation industry. This includes those who are willing to make major financial investments in the industry’s future. Aero Law Group clients include both emerging and established commercial airlines and the nation’s largest investment bankers in their aircraft, airline and Internet travel related investments. [...]
December 30, 2009 — The January/February 2010 edition of Aviation for Women magazine, a publication of Women in Aviation International, features an article written by Kara Pietila, wife of Aero Law Group attorney Nate Pietila.
November 1, 2009 — The Bermuda Department of Civil Aviation (DCA) has extensively revised the rules governing operations of large private aircraft. Specifically, the DCA has implemented the Overseas Territories Aviation Requirements (OTAR) Part 125 under directions from the United Kingdom’s Department for Transport, in order to provide a “more cohesive system of civil aviation [...]
September, 2009 — Germany, Italy, Sweden and the United Kingdom have each announced they will extend deadlines for required ETS plans. The new deadlines are September 30th 2009 for Italy, October 15, 2009 for Sweden and are yet to be announced for Germany and the UK. The estimated date for Germany is sometime October, 2009 [...]
