Many aircraft operators hire their pilots as “independent contractors” instead of as employees. This may save on administrative costs, but is there a downside? In short: yes. Most pilots are not properly classified as independent contractors. Although treating pilots as independent contractors is common practice in the aviation industry, recent revenue shortages have triggered government [...]
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. [...]
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. [...]
August, 2009 — Starting in 2012, business and commercial aircraft operators will be required to offset their carbon emissions for flights to, from or within Europe by purchasing carbon credits. For more information please visit our EU Carbon Credit Mandate page.
March, 2009 — Planned on April 1, 2009 four new countries will accede to the Cape Town Convention. Included are Cuba, Kazakhstan, Singapore and Tanzania. As of June 1, 2009 China will also add itself to the treaty. For more information please visit our Cape Town Information Page.