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Flying private makes sense for those with the right information
It’s easy to understand why people fly by private aircraft. Private air travel offers unmatched comfort, privacy, and convenience with the benefits of no security screenings, no crowded commercial flights, no lost luggage, and fewer flight delays. If you’ve made the choice to fly private, then addressing the related financial and regulatory compliance requirements is your next step. And remember—it’s important to always work with tax and legal counsel to make final decisions that match your specific goals and needs.
In this article, we will address the important decision you will need to make.
We'll also answer questions like:
- Do I fly often enough to warrant purchasing a plane or should I consider other alternatives?
- What cost structure best fits my usage pattern?
- How is personal travel handled?
- Are there tax implications?