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In the dynamic world of aviation, businesses often seek flexible and cost-effective solutions to meet their aircraft needs. One such arrangement that has gained prominence is the dry lease agreement. This contractual arrangement offers a unique set of benefits and challenges for both lessors and lessees, shaping the way companies approach fleet management. In this […]
Using funding from the Inflation Reduction Act, the IRS has announced its intent to target the use of business aircraft by companies and high-income individuals. This initiative will specifically focus on the personal use of business aircraft, which can impact the qualified business use of aircraft for depreciation purposes, the deductibility of employer-provided flights, and […]