While a proposed Chinese import tariff on U.S.-built, large-cabin business jets is causing concern south of the border, just as the sector is emerging from an extended economic downturn, Canadian business jet sales and leasing could be impacted by proposed tax changes from the Canada Revenue Agency.
The Canada Revenue Agency (CRA) has had no clearly articulated policy pertaining to the assessment of taxable benefits for the personal use of corporate aircraft by an employee or shareholder since September 30, 2012, when it cancelled Interpretation Bulletin IT-160R3. This became especially problematic in 2015, when the CRA initiated a national audit project in this regard.
What does Crew Resource Management mean to Canadian operators and business aviation? How are new Transport Canada regulations going to affect our business? These are two questions on the minds of corporate aviation companies.
Gulfstream Aerospace Corp. has announced plans to build a new service center at Savannah/Hilton Head International Airport in response to its growing customer fleet’s needs for maintenance and service. The service center is expected to open in the second quarter of 2019 and create about 200 jobs.
Textron Aviation has announced its best-selling midsize business jet – the Citation Latitude – will make its show debut at the Asian Business Aviation Conference & Exhibition (ABACE) in Shanghai from April 17 -19.
Gulfstream Aerospace Corp. recently delivered the 300th aircraft in the Gulfstream G650 family. This milestone comes just over five years after the aircraft entered service in December 2012.
In a ceremony held at Pilatus Business Aircraft Ltd’s facility in Broomfield, Colorado, Western Aircraft, an Authorized Pilatus Sales and Service Center since 1996, took delivery of PC-24 serial number 102. It is the second production delivery of the newly certified Super Versatile Jet.
Embraer has delivered the first new Phenom 300E business jet, having received its type certificate in the first quarter from the U.S. Federal Aviation Administration (FAA), the European Aviation Safety Agency (EASA), and the Brazilian Civil Aviation Agency (ANAC – Agência Nacional de Aviação Civil). The new light jet model was launched—and debuted—at the 2017 National Business Aviation Association’s Business Aviation Conference and Exhibition (NBAA-BACE), in October 2017. The new aircraft is designated “E” for “Enhanced” in reference to its entirely redesigned cabin and the addition of the industry-leading nice® HD CMS/IFE (Cabin Management System/InFlight Entertainment) by Lufthansa Technik. The Phenom 300, the new model’s successful predecessor, has been the best-selling and most delivered light business jet for the last six years.
With supersonic business jet (SSBJ) concepts again in the headlines, could they finally be closer to reality? While the existence of a modest market has never been in doubt, cost and persistent risks related to regulatory, engines and sonic boom noise have discouraged production commitments. “These risks have been progressively mitigated and I feel we’re much closer to an SSBJ being formally launched”, predicts aviation analyst Brian Foley. “The final impetus will be from the realization that to command this relatively small but high-value market requires being early, not fashionably late, to capture finite sales.”
ANA Holdings and Honda Aircraft Company have announced that they have signed a Memorandum of Understanding (MoU) for a strategic partnership supporting the expansion of the business jet market around the globe by using Honda Aircraft’s technologically advanced HondaJet.
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