Section 179 Updates and Aircraft Ownership in 2018
September 10, 2018
Thanks to favorable tax laws including Section 179, aircraft ownership may cost less than you think. The Section 179 Tax Deduction is meant to help business owners purchase the equipment they need to stay competitive and prosperous. In January 2018, the Tax Cuts and Jobs Act increased the Section 179 maximum deduction from $500,000 to
Pilot Career Training: What You Need to Know
August 31, 2018
While the minimum requirements for pilot career training are the same for everyone, there is a large variance in the associated training programs and costs. Let’s look at the minimum pilot career training requirements, program options, and costs.
Buyer Beware: A Costly Trend in Aircraft Purchase Agreements
July 23, 2018
Believe it or not, some aircraft dealers add language contractually requiring you to provide them a First Right of Refusal on any purchase offers if you decide to sell the aircraft down the road. Since this language is tucked into your purchase agreement (at a time when most buyers aren’t thinking about selling), it’s easy to overlook.
Finding the right aircraft: 4 questions that will drastically improve your outcome
October 24, 2017
If you’re in the market to purchase an aircraft, you are probably learning a lot about different aircraft specifications, equipment, avionics, and pricing. As you gather information, you may discover that the type of aircraft you originally thought would be the best one to meet your needs is actually NOT the best one. In fact, it’s very common for aircraft buyers to change their mind on their “ideal” aircraft several times during the course of their aircraft acquisition process. Conversations with different sales reps promoting their specific aircraft can either confuse or assist with the aircraft selection.
Section 179 and Aircraft Ownership
August 24, 2017
Thanks to favorable tax laws including Section 179, aircraft ownership may cost less than you think. The Section 179 Tax Deduction is meant to help business owners purchase the equipment they need to stay competitive and prosperous. Section 179 allows owners to deduct up to $500,000 on new or used equipment purchases, including the purchase
Cirrus Embark Training Program
August 02, 2017
If you buy a pre-owned Cirrus, you can now receive up to three days of standardized Cirrus instruction, in addition to a variety of other benefits. Register online to enroll in the program and get connected with a Cirrus Standardized Instructor Pilot (CSIP) or Cirrus Training Center (CTC) to schedule your flight training.
Preparing to Sell Your Aircraft
May 22, 2017
Thinking about selling your aircraft in the near future? If so, you are probably wondering how much your plane is worth. Knowing the real market value for your aircraft is a huge key to success when you’re selling. If your aircraft is overpriced, you’ll miss out on great offers without knowing it.
4th Quarter Buying and Selling Season is Here
October 04, 2016
We are coming up on the time of year when Aircraft markets typically heat up, and we see planes (literally!) fly off the market. As year-end starts to loom, potential buyers usually become more serious about making a purchase decision, with the hopes of accepting delivery of their aircraft on or before December 31. Many of the potential buyers at any given time also have their own aircraft to sell, so the markets will fill up quickly and aircraft will be bought and sold at a faster pace than other times of the year.
8 Common Misconceptions about Selling Your Own Aircraft
March 29, 2016
It’s not uncommon for aircraft owners to become frustrated with the selling process. We have identified a few of the most common misconceptions aircraft owners have about selling their own plane.
Section 179 Tax Deduction Legislation Passed by Congress Today
December 18, 2015
The United States Senate voted today to pass a bill that permanently extends the Section 179 small business expensing limits (up to $500,000) and phase-out amounts ($2 million) from the previous tax year.