How Do Independent Aviation Consultants Help To Streamline the Aviation Operation
There are a number of challenges an aviation operate has to face during the daily operation. Most of the time, they need certain kind of steps that can rightly streamline the appropriate jet operation. With independent aviation consultants you can easily find the right kind of things that could lead a perfect aviation operation.
There are several ways you can generate revenue with your aircraft. Many aircraft owners will first consider letting their friends use the aircraft in exchange for payment. At first glance this is a quick and easy way to bring in revenue to offset fixed expenses - but be careful. Federal Aviation Administration (FAA) and Internal Revenue Service codes and regulations prohibit providing an aircraft with pilots to a third party for compensation unless you have your own air carrier certificate.Most
non-aviation tax and law professionals don't understand the nuances of aviation
regulations, so it's best for you to consult with a tax and legal professional
that specializes in aviation to keep from inadvertently violating regulations.
Hire the best independent aviation
consultants who will assist you to get the appropriate things done
properly.
One
way you can legally generate revenue with your aircraft is by providing your
aircraft to a third party, without fuel or crew, as a dry lease arrangement.
Due to FAA commercial regulations, you can only accept payment for the use of
the aircraft, and can't provide a flight crew or fuel along with the aircraft.
You'll need a written dry lease agreement in place and there could be negative
tax consequences, so its best to consult aviation-specific tax and legal
professionals before you proceed.
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