Tax & Financial Consulting
You Did Not Arrive At Owning An Aircraft By Making Poor Decisions With Your Money.
Owning an airplane can be time consuming and costly. Elite Air has uniquely integrated its legal and financial expertise into its aircraft management services, ensuring that the structure of your flight department and aircraft ownership arrangement are in your best interest. And it’s all done without compromising an inch on quality or safety.
In this webcast, Elite Air CEO Gray Gibbs discusses how an understanding of the tax code can ensure compliance and savings.
Taxes & Depreciation
Airplanes almost always show a loss after depreciation. Elite Air structures their contacts to allow owners to maximize the tax benefits of owning an airplane.
Monthly Reporting
The IRS requires accurate and detailed recordkeeping. Full-time operations direction ensures the accounting department and chief pilot work together to ensure your aircraft is in compliance with IRS and FAA rules and regulations.