Transaction Highlights

Representing an aircraft owner in connection with arrangements for having its aircraft appear in the MGM major motion picture James Bond 007 Casino Royale starring Daniel Craig.

Personal Use

The personal use of business aircraft remains a hot topic in the aviation industry. A company may be disallowed significant deductions if there is personal use of corporate aircraft. Additionally, an officer or employee using the aircraft for non-business purposes will have income imputed to him or her as a fringe benefit. An experienced advisor can assist a company or executive to reduce the negative tax ramifications of non-business flights. See the discussion under Public Companies for challenges faced by public companies with non-business use of corporate aircraft.



The return on investment that a business airplane provides for a company goes directly to its bottom line, which can only be a good thing.

- Stewart Lapayowker