Businesses can take advantage of 100% depreciation on their new or used aircraft in the first year thanks to the 2017 tax bill. However, before you purchase, there a number of considerations that must take place to avoid costly pitfalls and back-taxes.
Who really is in charge of the planes you’re allowed to fly, the FAA or the insurance companies? Even after a pilot earns all the necessary certificates and ratings your insurer may close the door on your perfect plane. We take a look at who really has the “final say” in aircraft selection and why the insurers say “no” to perfectly good pilots.