The IRS will do dozens of audits on business aircraft involving personal use, focusing large corporations, large partnerships and high-income taxpayers.
The two German air taxi companies need state support to exit a funding crisis, but party politics and risk aversion may force their sale to foreign investors.
Bombardier hosted thousands of employees and their families to inaugurate its new purpose-built production facility at Toronto Pearson International Airport.
ExecuJet MRO has officially opened its new MRO hangar at Kuala Lumpur Subang Airport, as the Malaysian government seeks to attract business aviation companies.