Tax Incentive for Private Plane Purchase
By Christina Bohnstengel
Since taking office, President Obama’s stimulus plan has been the talk of the nation and dominating the news. In a report yesterday from the Associated Press, one incentive listed in the $787 billion package that was signed into law includes an upfront tax break for corporations who buy assets, including business jets.
With such bad publicity plaguing the aviation industry in recent months, private plane executives are hoping this incentive will help jumpstart their fledgling bottom lines.
With production down and cancellations on the rise, jobs with jet makers like Cessna and Hawker Beechcraft have fallen to the wayside. In the state of Kansas, 6,900 employees at the two companies received pink slips. Republican Rep. Todd Tiahrt of Kansas offered his praise, commenting that this “is exactly the type of financial incentive that should be included in a stimulus bill.”
Whether a proponent or a critic of the stimulus package, all in the aviation industry are hoping that the incentive will help ditch the taboo of flying private in the friendly skies.
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February 23rd, 2009 at 9:56 am
America’s corporate jet industry is facing lean times as its aircraft are lambasted as symbols of Wall Street excess. Confronted with economic weakness and public scrutiny, companies have put thousands of corporate jets up for sale.
“The struggling bank Citigroup this week cancelled a $50m executive jet after being attacked for the purchase by the White House and by the US treasury.” (AP)
In Congress, the House financial services committee recently threatened to go further by forcing all banks receiving government assistance to offload their entire fleets of corporate jets – a measure which would affect more than 250 institutions.
IAS along with Airbatch Consulting LLC. are boutique aviation consulting firms for the demanding client who desires personalized service.IAS and Airbatch Consulting LLC. believe that there is a solution to the problem being faced by corporations today.Being in business as well and understanding that a Corporate Jet can be a valuable and essential tool that justifies the initial cost ten times over. For the government and the general public that believes everything the media feeds them, the issue is the cost…..
The solution is this, the recent airline recession has placed a large number of airliners on the market. These Boeing, Airbus, Bombardier CRJ, and Embraer ERJ airframes can be cost effectively converted to corporate service at the fraction of the price of buying a new corporate aircraft. This allows for a very acceptable cost cutting alternative without skimping on quality and functionability.There are other aspects of this solution that are very attractive, for example:
• IAS and Airbatch Consulting LLC. can help to divest of the current asset or future delivery position.
• The conversion of the aircraft will take place in the US, helping a US company, putting US workers to work(become a contributor to the solution instead of a focus point of the problem).
• Finally, arrangements can be made to assist with obtaining or placing the aircraft on an existing 135 certificate to operate under thus creating a consistant revenue flow when not being used for company business.
IAS with Airbatch Consulting LLC. has access to all new and pre-owned aircraft on the market and can arrange new aircraft delivery positions without waiting years. By not being aircraft brokers or a manufacturer’s salesperson IAS and Airbatch Consulting LLC. are not limited to an individual brand or individual listings. Aviation consultants that pass along all the favorable terms and get them directly to the client.
Before contacting a manufacturer, jet sales firm or an aircraft broker, contact IAS and Airbatch Consulting LLC. Have an aviation consultant on your side. If the desire is for a large cabin “Head of State” level aircraft and there isn’t a need to go into a few of the smaller corporate airports then a corporate airliner may fit the specific need. Boeing, Airbus, Bombardier CRJ, and Embraer ERJ are luxurious, reliable and safe aircraft. There are a few ways to acquire a corporate airliner: purchase a new one from the manufacturer, buy a pre owned one or the most cost effective manner is to acquire an airliner and convert it for corporate service for a fraction of the cost of a new one. IAS and Airbatch Consulting LLC. can be of assistance regardless of the path choosen.
http://www.inavsol.com