Monthly Archives: March 2011

Fractional Regulations

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With fractional aircraft ownership on the rise the FAA has created a committee (FOARC) to offer guidance in respect to fractional ownership programs. Their initial recommendations were posted on February 23, 2000 and can be found by following this link to the NBAA website.  

Aircraft Leasing Classifications

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The difference between Wet and Dry leases is regulated by the FAA and their Truth-in-Leasing Advisory and it directly impacts how one is taxed by the IRS. A wet lease is basically a lease that includes the aircraft and the crew and a dry lease does not include the crew. We found a great article well worth the [...]