14 01, 2019

A Brief Guide to Aircraft Depreciation

By |2019-01-14T19:41:26+00:00January 14th, 2019|Uncategorized|

A Brief Guide to Aircraft Depreciation Don't miss out on tax deductions from depreciation. Get on your way to understanding aircraft depreciation and its tax implications. To deduct, or not to deduct? That is the $1 million question, isn't it? As an aircraft owner, you want to take full advantage of any tax breaks you can find. And this means you need to understand depreciation and how it works for an aircraft. Depreciation allows business owners to deduct the [...]

14 01, 2019

Income, Sales, and Personal Property: An Introduction to Income Taxes for Pilots

By |2019-01-14T19:39:43+00:00January 14th, 2019|Uncategorized|

All the Income Taxes Pilots Must Pay to the IRS Thought your taxes were complicated before? Light aircraft ownership tangles them further. Here are three things you need to know as a pilot. Paying income taxes is like sitting in a traffic jam: We all have to do it occasionally, even if we don't quite understand why. In one survey, 57 percent of Americans confessed to feeling confused about the tax code. A few things can make it [...]

14 01, 2019

No Employee Business Expenses for Individual Owners: What Light Jet Owners Need to Know

By |2019-01-14T19:26:09+00:00January 14th, 2019|Uncategorized|

Individuals Owning a Light Jet May See Their Tax Returns Change Do you try to use employee business expenses to offset costs? Not anymore. Here's what you need to know about writing off expenses as a light jet owner. Purchasing a light jet isn't as simple as signing on the dotted line and taking to the skies. You must consider how you intend to use the jet and what that will imply for your taxes. Ultra-high net worth [...]

28 12, 2018

VREF helps Donald Trump Value his Aging Air Fleet

By |2018-12-28T17:06:51+00:00December 28th, 2018|Uncategorized|

Of all the things connected to Donald J. Trump, few have given him more mileage than his fleet of aircraft. His Boeing 757 jet, often referred to as Trump Force One, has received the full rich-and-famous lifestyle treatment; The Washington Post even queried whether it was better than Air Force One. One of Mr. Trump’s helicopters has gotten similar coverage; an interior renovation made CNBC’s “Secret Lives of the Super Rich” in a segment entitled “Pimp My Chopper.” A [...]

14 12, 2018

Guinness World Record for the farthest distance traveled by electric helicopter!

By |2018-12-14T17:40:33+00:00December 14th, 2018|Uncategorized|

Tier 1 Engineering announced today that they have set a Guinness World Record for the farthest distance traveled by an electric helicopter. The battery-powered manned Robinson helicopter achieved a record 30 nautical mile flight to 800 feet altitude with an average speed of 80 knots on Friday, December 7th.  The helicopter was a modified Robinson R44 test piloted by Captain Ric Webb of OC Helicopters. All flights were accomplished at the Los Alamitos Army Airfield under a special airworthiness certificate in the experimental [...]

14 12, 2018

A Beginner’s Guide to the Different Types of Private Jets and Their Amenities

By |2018-12-14T17:30:09+00:00December 14th, 2018|Uncategorized|

A Beginner's Guide to the Different Types of Private Jets When looking for your first private jet, there are a few amenities you do not want to go without. Here's a handy guide to the different types of private jets. Decisions, decisions... Buying your own private jet is a big one, but it comes with many benefits. If you travel often for work, your jet will pay for itself many times over in terms of saving you time [...]

12 12, 2018

Skunk Works and the development of the SR-71

By |2018-12-12T16:26:44+00:00December 12th, 2018|Uncategorized|

Skunk Works, is the "not so secret, secret" department of Lockheed Martin.It all Started with Kelly Johnson, and his passion for innovation and destructive technology. Johnson was unconventional, and he broke the rules. He created a incubator for aerospace technology that today some 75 years later still continues to amaze us all. Here is a little history about a famous project called the SR-71. Skunk Works is run by some of the greatest aeronautical engineers,  and it was [...]

4 12, 2018

Chuck Yeager “Rocket Man”

By |2018-12-04T16:10:48+00:00December 4th, 2018|Uncategorized|

The Bell X-1E was 31 feet long, with a wingspan of 22 feet, 10 inches. The rocketplane’s empty weight was 6,850 pounds and fully loaded, it weighed 14,750 pounds. Supersonic speeds, 80,0000 of altitude and an unlimited budget is what VREF calls, The rocketplane was powered by a Reaction Motors XLR11-RM-5 rocket engine that produced 6,000 pounds of thrust. The engine burned ethyl alcohol and liquid oxygen. The X-1E carried enough propellants for 4 minutes, 45 seconds burn. [...]

30 10, 2018

Elvis Ain’t Nothing But a Hound Dog!

By |2018-10-30T21:05:58+00:00October 30th, 2018|Uncategorized|

Elvis Presley, regarded as one of the most significant cultural icons of the 20thCentury for his screen and stage performances and larger than life persona, also had one of the largest fleets of private jets in existence for the time. Elvis's first private jet, sporting a distinctive red and white color scheme, was a 1962 Lockheed Jetstar. The aircraft featured a lush red velvet and wood appointed interior. One of only 204 planes built by Lockheed and Jetstar, [...]