New tax incentives make it possible and even prudent to own your own Private Airplane (jet or piston) to utilize in a business application and for personal enjoyment.
Leasing your plane to an established and reputable FBO or Charter (135) Operator generally qualifies your airplane for "business purpose" and to where you can have instant access to it anytime you wish to use it. No Pilot or Insurance issues. Not Fractional (time share like) ownership.
It’s your plane 100%, all the time!
When you’re not using it, it’s available for Charter to highly qualified clientele or with smaller planes, leased to FAA approved flight schools, academies and other reputable flight operators who will pay you a sizable monthly income for the utilization of your airplane.
With a small down payment and a min. FICO score you will almost instantly qualify (in most cases) for financing at competitive rates. The income from the operations of your plane should easily cover your payments and related expenses with a nice profit left over.
Several aircraft operators will actually guarantee it!
While you’re depreciating the plane from a tax standpoint, used aircraft prices – on the popular models – have been historically increasing at a rate of about 5% per year. To get more specific and provide you with a performance report for your particular situation, along with a list of available airplanes in your area, some of which have low balances which may be assumed. Complete & Submit the form found above. We'll also provide a list of participating FBOs, Flight Schools & Charter Operators for you to talk to, as well, upon meeting eligibility requirements.
A formal report and Income Tax Benefit proposal can also be sent to after some basic qualification and assessment.
*Amount of tax credit is dependent upon value of aircraft and a person's own individual tax bracket, filing status and tax situation. The illustration represents an average amount.