Purchasing an Aircraft in 2012 Just Makes Sense

Greensboro, NC September. 18, 2012 - In today's market, low time, well maintained jets can be purchased for as little as half the cost of a new jet. A pre-owned Citation Jet three years ago would cost around 1.8 million and in today's market can be purchased for as low as 1.3 million, a 40 percent savings.

If you are looking to upgrade to an aircraft that better fits your budget, or a newer aircraft that will provide more capability, lower maintenance costs, and better reliability, then now is a great time to buy.

Another great incentive to buy is the 50 percent bonus depreciation deduction. By integrating your aircraft into a trade or business, you can generate tremendous tax savings by deducting your aircraft operating expenses, in addition to 50% of the purchase price of the aircraft in 2012. To qualify for bonus depreciation you must: Purchase and place in service a new business aircraft in 2012 Aircraft held as demonstrator by factory or dealer will qualify as new aircraft Acquiring an existing position in the market place for an aircraft that will deliver in 2012 can qualify for bonus depreciation. A new aircraft delivery in 2013 can qualify for 100% bonus depreciation and can be taken on 2013 income tax return, if the following requirements are met: Signing a binding contract to buy a new aircraft by December 31, 2012. Making a non-refundable deposit of the lesser of: 10 percent of the cost, or $100,000.00 The aircraft should have an estimated production period exceeding 4 months The cost of the aircraft exceeds $200,000.00 Taking delivery and placing the aircraft in service for Part 91 operation by December 31, 2011

"There is good inventory in the open market and great deals on pre-owned and new aircraft. It is predicted that the rise in corporate jet sales will reach all time new levels in the next 10 years. Once considered a luxury has now become an acquirable asset both for business and private parties alike”. Andy Profit, Aircraft Management Services, Stokesdale, North Carolina. To find out more about Aircraft Management Services, please contact Lee Boyd at 336-587-9431 or visit aircraftmanagementservices.com.

President Obama’s Jobs Council Members are Outsourcing Jobs     

GE and Boeing leading the way

It is interesting to note that several of the “Jobs Council” members, CEOs of fortune 500 companies, which serve on the panel, are involved to some extent in outsourcing.

If GOP Presidential hopeful Mitt Romney really wanted a good example of outsourcing, he would have to look no further than the President’s appointed Special Council Leader, Jeffrey Immelt. Jeffrey Immelt, the head of Barack Obama's highly touted "Jobs Council", is moving more GE infrastructure to China.

Jeffery Immelt of GE is one of the nation’s leading outsourcers over the last decade. "I know that despite the fact that 60 percent of GE revenues are outside the United States," he said, "I personally and this country share responsibility and accountability to make sure this is the most competitive and productive country in the world”.

Apparently Immelt's idea of being part of the solution is to ship as many jobs overseas as he possibly can.

Boeing, who’s CEO, James McNerney, also chairs the President’s Export Council, the principal advisory committee on international trade. Boeing has outsourced over 14,000 American jobs since 2008, according to a recent report by Public Campaign, a campaign reform advocacy group.

Nearly every part of the new Boeing 787 Dreamliner jet was outsourced. Boeing has admitted that outsourcing was responsible for driving up costs and delaying the project for three years.

“Boeing now views China as a trading partner, rather than a competitor”, said Stan Sorscher, who worked as a physicist at Boeing from 1980 to 2000.  “Boeing is counting on China to buy 5,000 new planes by 2030.”

In September 2011, Boeing signed a 10-year contract with the state-owned Shanghai Aircraft Manufacturing Co. to build horizontal stabilizers for the 737 jet. The contract is the company’s largest with a Chinese supplier. And in March, Boeing announced partnership with the Commercial Aircraft Corp. of China on energy research.

Gary Kelly, CEO and Board Chairman of Southwest Airlines, is a member of the President’s Council on Jobs and Competitiveness. He joins 19 other business leaders on the panel designed to advise the president on how to make the U.S. more competitive in the global economy while creating new jobs at home, however, the President is MIA.

Gary Kelly has successfully created jobs in one of the most competitive industries in the US. Mr. Kelly definitely knows something about creating jobs and competitiveness at home.

Its the very people that have been entrusted with solving the unemployment crisis that are shipping jobs out of the country. What hope is there that things are going to turn around any time soon?

“Delegating work works, provided the one delegating works, too”. Robert Half