Finance, Taxes, Insurance
Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.
A new venture has been formed to help lenders to the offshore rotorcraft industry dispose of under-utilized assets.
The aircraft engine maker aims to achieve annual savings of around $1.6 billion, with most of the impact being on its UK-based civil aerospace business.
"Seismic changes” will continue for helicopter insurance.
Italy's Leonardo saw first quarter earnings decline, mainly on the civil side of its business, including helicopters, ATR airliners, and aerostructures.
IAG incurred a loss of around $577 million in the first quarter of 2020, and sees even tougher trading conditions in the second and third quarters.
The CARES Act renewed the NOL carryback through 2020, opening the possibility for aircraft buyers to receive tax benefits on aircraft purchases.
AirFinance founder Kirsten Bartok Touw predicts rapid consolidation in the urban air mobility sector as only companies with cash in hand may now succeed.
Airliner deliveries could fall further during the second and third quarters of 2020, resulting in greater financial pressure on the aerospace supply chain.
Six organizations appealed to Senate leaders for relief from aviation fuel taxes, similar to relief already granted to the nation's airlines.
All documents that are mailed to the FAA Civil Aviation Registry are subject to a 72-hour quarantine, webinar panelists noted.