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April 22, 2021

NBAA Supports Legislation to Make Immediate Expensing Permanent

Immediate Expensing Allows Eligible Taxpayers To Deduct The Full Cost Of Qualifying Capital Equipment

NBAA has applauded both Sen. Pat Toomey (R-PA) and Rep. Jodey Arrington (R-19-TX) for reintroducing the Accelerate Long-Term Investment Growth Now (ALIGN) Act, legislation that will make permanent immediate expensing, also known as bonus depreciation, which is a proven incentive for business aircraft transactions. Immediate expensing allows eligible taxpayers to deduct the full cost of qualifying capital equipment, including new and used business aircraft, in the first year of ownership. This provision was modified and extended as part of the Tax Cuts and Jos Act, but is scheduled to start phasing out at the end of 2022 and fully phase out by 2027

P3 Prototype Has Now Logged Over 40 Flight Hours In Its New Configuration

One year after completing the acquisition of the Swiss Company Kopter Group AG (Kopter), Leonardo has welcomed the SH09 single-engine helicopter as a full member of its product range by rebranding it as the AW09. This step 'synergizes the two identities of Leonardo and Kopter.'