Today’s required social distancing makes travel via business aircraft more appealing than ever – and only adds to the temptation to pay to “borrow” a friend’s aircraft.
But while we remain preoccupied with staying separate, the FAA and IRS remain on alert for folks paying to use a privately-operated Part 91 aircraft. Paying even just the expenses for a non-commercial aircraft flight constitutes illegal charter. That puts at risk both your wallet and your safety – and carries some very significant financial penalties!
Listen as NATA’s Ryan Waguespack and David Norton of Shackelford, Norton discuss how violating FAA and IRS regulations can compromise your safety and result in seven-figure government fines.
When there’s more to be said than space and copy deadlines allow, you can rely on the Business Aviation Advisor Above and Beyond podcasts to get you the information you need, to help you make the most of your aviation investments.
Thanks for reading, listening – and flying safely!
Business Aviation Advisor's content is presented by experts in all aspects of aircraft management: professionals knowledgeable in operations, legal and regulatory issues, insurance, aircraft finance, human resources, aviation real estate, charter and charter brokers, safety management providers and auditors, and third-party as well as owner aircraft management. These authorities provide Business Aviation Advisor readers with the most current and pertinent information they need to make the most effective and informed decisions about their business aviation investments.
Nice job. I enjoyed the topic and conversation concerning this hot topic in today’s aviation community.