18 02, 2019

Flying Lavishly in a G650: Your Guide to Buying Gulfstream Jets

By |2019-02-18T21:09:12+00:00February 18th, 2019|Educational|

The gorgeous Gulfstream G650 is, put simply, not a small-fry jet. Even pre-owned G650s regularly sell for northwards of $50 million, whilst a new one will set you back $60 million at least. Gulfstream jets are icons are luxury living and the G650 is one of the most stylish and fine-tuned products on offer. The initial 3-year waiting list that accompanied the launch of this gulf-stream jet a few years back has died down somewhat, but demand is [...]

18 02, 2019

Double the Engines, Double the Due Diligence: Considerations When Buying a Twin Engine Plane

By |2019-02-18T21:05:34+00:00February 18th, 2019|Educational|

A twin engine plane can be the biggest investment of a person's life. And most twin engine jets soar well over $3 million apiece. In addition to the price tag, an extra engine comes with added responsibilities. But there's no need to panic. We've locked in the most important things to consider when buying a twin engine plane. Before hitting the skies, make sure to run through this twin engine airplane checklist. Why Pilots Pick a Twin Engine [...]

28 01, 2019

ALERT: Proposed AD for all Piper PA-28 Series aircraft and the PA-32 (AD 2018-CE-049-AD)

By |2019-01-28T15:33:47+00:00January 28th, 2019|Educational|

Proposed AD for all Piper PA-28 Series aircraft and the PA-32 (AD 2018-CE-049-AD) which either: 1. Has accumulated 5,000 or more hours; 2. Has had either main wing spar replaced with a serviceable part (used with time already on the part); or 3. Has missing and/or incomplete maintenance records. The FAA estimates that this AD will affect 19,696 aircraft on the U.S. Register. VREF and our Partner AOPA has spent significant time researching this AD. This AD is [...]

18 01, 2019

Airplane Buyers Guide: Top 20 Tips For Beginners

By |2019-01-18T13:12:40+00:00January 18th, 2019|Educational|

Airplane Buyers Guide: Top 20 Tips For Beginners In this airplane buyers guide, you will learn the top 20 tips that you need to know before you purchase your first plane. Buying an airplane for the first time? Not a lot of people can say that, so congratulations. Before you get the keys and take off, you're going to need to make sure you know what to look for. Many of the pitfalls of buying an airplane can [...]

14 01, 2019

Three of the Best Private Jets with Insane Resale Value (and Two Lemons to Avoid)

By |2019-01-14T19:42:55+00:00January 14th, 2019|Educational|

Three of the Best Private Jets According to Resale Value Resale value matters whether you're buying or looking at aftermarket refurbs. Here are three of the best private jets that perform on the resale market. In the year 2017, 62 percent of private jet planes departed from the United States were privately owned. That's versus the 11 percent that were fractionally owned, and the 27 percent that were charter flights. Needless to say, private jets are a big deal. [...]

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

5 of Our Favorite Aviation Stories from 2018

By |2019-01-14T19:38:04+00:00January 14th, 2019|Educational|

Review the Year of 2018 with These Aviation Stories Last year was a whirlwind and a game-changer for the aviation industry. Here's a round up of our favorite stories from last year. Now that we've crash-landed into 2019 we can reflect on the year that's come and gone. The aviation industry is a constantly evolving entity, moving in waves with the ever-increasing need for people to travel to every inch of the world. No stone is uncovered. 2018 [...]

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 [...]