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With the new tax reform there are significant implications for aircraft owners. Here are some of the highlights: – A significant change involves Section 1031 exchanges, they are no longer applicable for aircraft transactions. – A significant advantage is that aircraft can now be depreciated 100% during the first year of purchase. The law be…

The FAA Reauthorization Act of 2018 signed on October 5, provides much needed relief for volunteer pilots. Under the new Act, Section 584 provides liability protection by limiting the amount of recoverable damages to match the policy limits. This applies to flights for “patient and medical transport (including medical transport for veterans), disaster relief, humanitarian…

The pilot shortage is here, and it’s the result of baby-boomers’ retirement and the much lower number of military trained pilots over the past few decades. We believe the pilot shortage is good for aviation: For the first time in a long time, the flight school business is a good business to be in since…

As predicted, the hard market has arrived and  aviation insurance is no exception. Changes observed thus far in our new year renewals are as follows: – Fewer options available to place transition risks, certain complex and rare aircraft, and some commercial operations. – Rate increases in the order of 3%-5% on some of the more…