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A GENERAL AVIATION SECURITY UPDATE
- Author:David G. Shannon
The Department of Homeland Security’s Office of Inspector General (OIG) on May 27, 2009 released a report titled “TSA’s Role in General Aviation Security”, which evidenced the results of an investigation requested by U.S. Representative Sheila Jackson Lee.Congresswoman Lee is the Chairwoman of the Subcommittee on Transportation Security and Infrastructure Protection, House Committee on Homeland Security. She requested the report after a Houston television ...
SELLING AN AIRCRAFT POSITION
Prior to the economic downturn, the high demand for corporate aircraft created a large secondary (or gray) market for the sale of early aircraft positions. This high demand created an easy option for someone whose new aircraft needs had changed.The historic high demand also allowed these sellers to realize substantial premiums over their original contract price. Since these economic conditions had continued for ...
MAXIMISING AIRCRAFT CHARITABLE DEDUCTIONS
- Author:David G. Shannon
Many companies have excess capacity with their corporate aircraft and generously allow their employees the use of the aircraft for charitable purposes. However, most companies are unaware that there is a way to maximize the permitted tax deduction beyond the limits of the charitable restrictions offered by the IRS. The following is a hypothetical example of a conversation between the Chief Executive Officer (Mr. ...
