In the Era of COVID-19, Business Aviation Provides Significant Advantages

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When considering purchasing an aircraft or fractional interest in an aircraft, it is best to evaluate these goals in advance with an experienced team, including aviation, business, tax, and legal advisors.

The aircraft available on the charter market range from single-engine piston aircraft that may be perfect for a single passenger who needs to reach a remote location in the same region to large-cabin business jets that are best for larger groups and international flights.

• Ask the operator how they handle flight disruptions, flight changes and other customer service issues. For a company making a long-term commitment to using business aircraft, there are several additional considerations, including balancing business goals, tax goals and regulatory compliance. There can be significant tax advantages to owning an aircraft, but tax advisors' common strategies to maximize these advantages often run afoul of the unique regulatory requirements applicable to aircraft.

 

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