Finance, Taxes, Insurance

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

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U.S. Aviation Insurance Market Stabilizes in First Half

The aviation insurance market in the U.S. has been relatively stable in the first half, says Aviation Specialty Insurance president Matt Drummelsmith.

Finance, Taxes, Insurance

GE Aviation Changes Senior Leadership Team

GE Announces Changes to GE Aviation Senior Leadership Team under its plan to separate GE into three independent companies—Aviation, Healthcare, and Energy.

Finance, Taxes, Insurance

LCI Delivers Pair of Air Ambulance Leonardo AW169s

Helicopter leasing firm LCI has delivered two new Leonardo AW169 Helicopters to their joint venture and now has a fleet of more than 140 helicopters.

Finance, Taxes, Insurance

Eurocontrol Pushes Back Covid Recovery as Delays Worsen

The air traffic management agency published a revised short-term forecast for European air traffic, as airlines and airports face serious staff shortages.

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The Cost is Clear as MySky Syncs with Myairops

MySky and myairops announce at EBACE platform integration, bringing greater cost transparency to flight operations

Finance, Taxes, Insurance

For Now, Bizav Tailwinds Are Stronger Than Headwinds

Business aviation traffic and demand are generally still strong, but rising costs and economic uncertainty are all too visible, said the analysts at WingX.

MySky Reveals Big Spend App Update

Technology provider MySky has updated MySky Spend, its AI-driven financial control product.

Finance, Taxes, Insurance

Gozen Digital Aviation to Offer Jeppesen's Operator Software

The aviation services group is acquiring the Operator/OpsMan tools from Jeppesen.

Charter & Fractional

Busy 2021 Turns Into Busier 2022 for Action Aviation

The firm says current buy-sell dynamics make for the best market it has ever been involved in.

Argus Reveals New FBO Auditing Service

Argus International introduced a new FBO audit service at EBACE and reported strong post-Covid European charter numbers.

Finance, Taxes, Insurance

Ukraine War Weighs on Otherwise Strong Q1 for AerCap

AerCap registers a $2 billion loss during the first quarter due to write-offs of aircraft and engines in Russia.

Residco Adds To Leasing Pool with Brown Asset Buy

Leasing company Residco is making a move into the light aircraft leasing business and plans to serve flight schools and university flight programs.

Finance, Taxes, Insurance

For Now, Covid Remains a Bigger Drag on Air Transport than War

IATA says the fall-out from Russia's invasion of Ukraine has been relatively limited, with the exception of rising fuel prices and risks to leasing assets.

LCI Doubles Helicopters in Joint Venture

Helicopter lessor LCI now has 38 aircraft in a joint venture with Sumitomo Mitsui Finance and Leasing Company.

Finance, Taxes, Insurance

AerCap Works to Mitigate Losses Stemming from Ukraine War

Almost 5 percent of AerCap’s fleet remains in Russian hands.

MD Helicopters Files Chapter 11 Bankruptcy

MD Helicopters receiving $60 million in debtor financing, will continue operating, while assets sold.

Finance, Taxes, Insurance

Insurers Face Losses Due To Grounded Aircraft in Russia

The hard aviation insurance market could become harder if Russia confiscates the more than 500 airplanes in the country owned by non-Russian lessors.

Finance, Taxes, Insurance

Canada Revises Proposed Aircraft Luxury Tax

Canada has stepped back from its previous position that could have seen virtually all private aircraft purchased taxed as luxury “personal” aircraft.

Finance, Taxes, Insurance

Isle of Man Register Ditches Russian Private Aircraft

Responding to sanctions against Russian individuals and companies over the invasion of Ukraine, the Isle of Man has deregistered multiple private aircraft.

Finance, Taxes, Insurance

Jaunt's eVTOL Plans Boosted by LTTS Engineering Alliance

Jaunt, which is working to certify its five-seat Journey eVTOL aircraft by 2026, is establishing design and production facilities in Canada.

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