NetJets is suing the IRS over a tax bill totaling $642.7 million, money the fractional jet provider says it never should have been required to pay in the first place.The Internal Revenue Service improperly assessed passenger ticket taxes, NetJets said in its complaint in federal court in Columbus, Ohio. Four NetJets subsidiaries involved in the …
Tag Archive: BizJets
Plane Registered to Jimmie Johnson Racing II races off runway at Key West – MIX3TRAVEL
A Gulfstream 150 jet crash landed at the Key West airport this evening at 7:45 p.m. with the pilot and co-pilot radioing there were no brakes upon landing. Four people on board were taken to Lower Keys hospital, two with minor injuries and two transported for precautionary reasons.The plane was registered to Jimmie Johnson Racing …
Airworthiness Directive Issued for Falcon 7X – Flying Magazine
EASA has issued an airworthiness directive (AD) in response to the runaway trim incident that temporarily grounded the Falcon 7X fleet in May. Most of the fleet was shortly returned to service. The new AD, developed in conjunction with Dassault, calls for a modification of the fly-by-wire system to allow for earlier failure detection and …
King Airs to Kandahar – US Using King Air’s as Spy Planes – Flying Magazine
A story that appeared Wednesday in The New York Times — but which actually dates back more than a year — reported on a U.S. Air Force program that takes lightly used, corporate-configured King Airs and turns them into spy planes — the newly named Liberty MC-12, which are used to gather intelligence on enemy …