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Article: Planning for aircraft acquisition & operation.
- Article from:
- Los Angeles Business Journal
- Article date:
- October 29, 2007
- Author:
CopyrightCOPYRIGHT 2007 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The use of private aircraft has increased significantly over the last few years as both businesses and individuals have come to value the increased efficiency and productivity that private air travel can offer.
Regardless of whether you are considering the purchase or lease of an aircraft for personal or business travel needs, you need to carefully examine your proposed expectations in aircraft use so that you can accurately estimate anticipated tax and regulatory costs and best structure the ownership of the aircraft for your desired use.
Many prospective owners fail to appreciate the regulatory quagmire they may enter in their purchase and subsequent ...