Kerry Lynch

Kerry Lynch

Kerry was Managing Editor of The Weekly of Business Aviation until November 2014.

Articles
Questions for Steven Levesque

1.  You have built a foundation for a chain now with five facilities.  What are your long-term plans?

Levesque: We started the year with two and added facilities in Chicago, Atlanta and Eau Claire, Wisconsin. We would like to grow to 15 or 20 facilities. But we want to grow smartly and in the right way.  We are not in a rush.  We have looked at a lot more than we have attempted to acquire.

2.  What do you look for in a potential acquisition?

R&D, Bonus Depreciation Talks Draw White House Opposition 

White House officials are opposing a potential agreement by congressional leaders to either extend or make permanent a number of expired tax breaks, including bonus depreciation, the research and development (R&D) credit and small-business expensing. 

Reported early last week, the negotiations mark a compromise between the House—which is pushing to make some of the tax breaks permanent on a piecemeal basis—and the Senate, which has drafted a straight, two-year extension on about 50 different measures.

Confidence Increases In Industry Rebound 

Increased light-jet sales activity, improved operations in North America and a continued decline of used-aircraft inventory are increasing confidence that the long-awaited business aircraft recovery is finally arriving.

Business jet deliveries have increased 7% through the third quarter, and are expected to end 3% higher for the year, analyst firm J.P.Morgan predicts. This would mark the first increase of more than a percentage point since the downturn began in 2008. In 2013, the industry stabilized with a 0.9% increase, following four consecutive years of decline. 

Business Aviation Flight Hours Improve 

Global business aviation flight hours are inching up on the strength of an uptick in the Middle East, South America and Europe, according to hourly cost maintenance provider JSSI.  

JSSI’s Business Aviation Index tracks business aircraft flight hours by region, industry and aircraft. In the third quarter, global flight hours edged up 2%, and through the first three quarters business aviation activity is up 2.2%.

Champions in Caucus 

Over the past several years, the still relatively young House and Senate General Aviation Caucuses have emerged into some of the strongest and largest on Capitol Hill. The House caucus, which exceeds 250 members, is the largest in the chamber, while the Senate caucus stood strong at 40 members.

R&D, Bonus Depreciation Talks Draw White House Opposition 
Congressional leaders are negotiating over bonus depreciation and research and development tax breaks, but are running into resistance from the White House.
Drug/Alcohol Testing Rates To Stay At Minimums in 2015 

FAA is maintaining the minimum percentages for random drug and alcohol testing in 2015, after the industry once again remained well-below its positive-rate thresholds for 2013.

Federal law requires randomly testing a minimum of 25% of employees in safety-sensitive roles for drugs, and 10% for alcohol. But to be able to test to those minimum percentages, the prior year’s positive rate must remain below 1% for drug testing, and below .50% for alcohol. 

 

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