Congress recently clarified that aircraft management fees should not be subject to Federal Excise Tax (FET), nor should flights operated by the aircraft owner. However, there are still many gray areas for business flight operations that want to collect reimbursement for flights without taking on FAR Part 135 certifications. The straightforward options for sharing aircraft under Part 91 are time sharing, joint ownership and interchange, which are defined in Part 91.501. The ...


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