Aviation Tax and Aircraft Sales Tax

The aviation professionals at Advocate provide turnkey aircraft tax consulting services designed to maximize income tax savings, minimize sales and use tax costs, control property tax, and avoid federal excise tax, all within the strict mandates of the Federal Aviation Administration Regulations.

Aircraft Income Tax

Aircraft State & Local Tax

Aircraft Operations & Law


Stay on the cutting edge of aviation tax and aircraft news specifically designed for aircraft owners and operators.

Please enter your email address below to subscribe to our updates.

Start-up Flaris Unveils All-composite Single-engine Very Light Jet at Paris Air Show

Flaris LAR 01 very light jet

Start-up aircraft manufacturer Flaris (Hall 4 F16) surprised attendees at the Paris Air Show by displaying a prototype of its heretofore unannounced five-place, single-engine very light jet–dubbed the LAR 01–at its exhibit booth. The aircraft that’s on display (registered as SP-YLE) has already completed low-speed taxi tests and, following the airshow, will soon start high-speed ground testing before making its first flight by year-end, Flaris sales manager Anthony Krol told AIN. EASA and FAA Part 23 certification is expected in late 2015, he said. Flaris is based in Podgórzyn, Poland.

The $1.5 million (2013 $), all-composite jet sports several unique features: a nose-mounted ballistic parachute; wide rear-opening pilot and copilot doors; detachable wings and horizontal stabilizers, for easier storage; a fuselage-mounted fuel tank, because no fuel can be held in the detachable wings; and electric deice system. Krol said the prototype is fitted with a Fadec-controlled, 1,460-pound-thrust Pratt & Whitney Canada PW610F, but added that Flaris is also considering the PW615, as well as other engines from Williams International and Price Induction. He said avionics will be a dual Garmin G600 system.

Target performance specifications include an 820-foot takeoff distance from a grass field, 380-knot top cruise speed, 62-knot stall speed, 46,000-foot maximum altitude and 1,350-nm range. Empty weight is planned to be 1,543 pounds, while mtow is projected to be 3,300 pounds.

Flaris said its parent company, Metal-Master, is self-funding the project with cash flow. Metal-Master is an established company that makes assembly-line production tooling for truck manufacturers such as Scania, Volvo, Saab and Man. While it has extensive experience in working with metals, Flaris is Metal-Master’s first foray into composites.

June 19, 2013, 8:05 AM




Click HERE for the original article

Share


Leave a Reply





*

Spam Protection by WP-SpamFree

Advocate Consulting Legal Group, PLLC. 3073 Horseshoe Drive South, Naples, FL 34104. Suzanne Meiners-Levy, Esq. (239) 213-0066. IRS Circular 230 Disclosure.  New IRS rules impose requirements concerning any written federal tax advice from attorneys.  To ensure compliance with those rules, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under federal tax laws, specifically including the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Privacy Policy. Terms of Use. RSS Feed