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Advocacy Efforts Achieve Breakthrough On Federal Excise Tax Issue

From Aero News

Audit Assessments To Be Suspended While Guidance Is Developed The Internal Revenue Service (IRS) announced Thursday that it was suspending tax assessments that could be applied to aircraft management companies during federal excise tax (FET) audits, giving the agency time to work with industry on additional guidance. The move was welcomed by advocacy groups like the NBAA and NATA, which had lobbied the agency for the guidelines. ... Quick Read

Senator Thune Meets With DOT Nominee Anthony Foxx

From Aero News

Confirmation Hearing To Be Held On Foxx's Nomination May 22 U.S. Senator John Thune (R-SD), Ranking Member of the Senate Committee on Commerce, Science, and Transportation, met this week with Anthony Foxx, President Obama's nominee to replace Ray LaHood as Secretary of Transportation. He also met with Secretary of Commerce nominee Penny Pritzker. ... Quick Read

Obama Nominates Michael Whitaker For FAA Deputy Administrator Post

From Aero News

Former CEO With InterGlobe Enterprises Has Airline Experience With TWA President Barack Obama has nominated Michael G. Whitaker for Deputy Administrator of the FAA. Whitaker most recently served as a Board Member and Business Development Consultant for InterGlobe Enterprises from 2011 to 2012. ... Quick Read

Report: 34,000 Airliners Needed During 2011-2031

From Aero News

Global Growth In The Sector Sparking Demand For New Commercial Jets The global commercial aircraft sector is expected to experience slow and stable growth during the period (2013-2023) according new the new market study on ASDReports. According to Boeing’s estimates, airline companies around the world are expected to procure approximately 34,000 airplanes during 2011-2031. ... Quick Read

Indonesian NTSC Cites Pilot Error In Lion Air Accident

From Aero News

Boeing 737 Missed Its Approach And Wound Up In The Ocean In Bali The Indonesian National Transportation Safety Committee (NTSC) says in a preliminary report that pilot error is a factor in an accident which resulted in a nearly-new airplane winding up in the ocean near Bali International Airport April 13. ... Quick Read

LA Media Company Awarding Pilot Training To Hispanic Teenagers

From Aero News

Effort Is Part Of A National Aviation, Education And Sports Tour To Be Launched In August Los Angeles based 9D Media will be giving Hispanic teenagers a chance to win training toward their Private Pilot or Aviation Technician Certificate, and see some of the most advanced GA aircraft as a part of its National Aviation, Education and Sports Tour. Events will be held in seven cities around the United States over 6 month period starting this August. ... Quick Read

Online Fundraising Campaign Underway To Restore SF Fleet Week Air Show

From Aero News

Crowdfunding Effort Has A Goal Of $800,000 Online fundraising efforts called "Crowdfunding" are all the rage these days, with entrepreneurs using the campaigns to raise money to establish businesses and get other projects off the ground. Such an effort is underway in San Francisco to get the Blue Angels back off the ground ... and to restore the city's Fleet Week air show. ... Quick Read

Aero-News: Quote Of The Day (05.18.13)

From Aero News

"While the IRS will complete open audits, management companies can be secure in the fact that while additional guidance is developed, they will not face potentially crippling tax assessments as a result of those audits." Source: NBAA president and CEO Ed Bolen. ... Quick Read

ANN's Daily Aero-Term (05.18.13): Differential Ailerons

From Aero News

Control surface rigged such that the aileron moving up moves a greater distance than the aileron moving down. The up aileron produces extra parasite drag to compensate for the additional induced drag caused by the down aileron. This balancing of the drag forces helps minimize adverse yaw. ... Quick Read

Bell Helicopter Expands Its Presence In Russia

From Aero News

Has Delivered Eight Aircraft In Recent Weeks Bell Helicopter continues to expand its presence in Russia through recent aircraft deliveries, the appointment of a second Independent Representative and through participation at the 6th annual HeliRussia exhibition. ... Quick Read
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