Sebastian Toth

Navigating the Skies: Understanding Dry Lease Agreements in Aviation


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 […]

Gregory Pittman

IRS Launches Audits on Business Aircraft Usage

Aviation, Taxation

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 […]