Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

Aerospace Industries Association (AIA) president and CEO Eric Fanning appealed to Senate leaders to act on the Tax Relief for American Families and Workers Act (H.R.7024), which would restore full research and development (R&amp;D) expensing, as well as 100 percent bonus depreciation for business assets such as aircraft.
A compromise agreement between Senate Finance Committee Chair Ron Wyden (D-Oregon) and House Ways and Means Chair Jason Smith (R-Missouri), the bill <a href="https://www.ainonline.com/aviation-news/business-aviation/2024-02-01/house-approves-bonus-depreciation-extension">passed the House</a>&nbsp;in late January but has since stalled in the Senate. Wyden said during a hearing on Tuesday that he and Smith are “gonna pull out all the stops” to push forward on the bill.
Meanwhile, Fanning stressed in a statement this week: “It’s time for the Senate to vote on the Tax Relief for American Families and Workers Act to put American innovation back in first place.”
Of particular concern to AIA is the provision surrounding R&amp;D expensing. AIA has urged Congress to reverse the policy change that went into effect in 2022 that requires companies to amortize the cost of many R&amp;D expenses over five years for domestic activities and 15 years for foreign activities rather than deducting those expenses in the year they occurred.
Mandated under the Tax Cuts and Jobs Act in 2017, the policy change, Fanning said, “is holding us back; we’re now one of only two countries not allowing full deductions for R&amp;D expenses. This hampers our economy and global competitiveness, forcing employers to reduce their workforces and disincentivizing the very innovation that propels us forward.”
He added that nearly every other country, including China, is investing more in R&amp;D. AIA noted that in 2023, the U.S. experienced the slowest annual growth in R&amp;D investment since 2012.
The bill would restore full expensing through 2025 and would be retroactive to when the change occurred. It also would provide an extension for 100 percent depreciation for most qualified business property placed into service before Jan. 1, 2026. However, the provision extends that further, to before Jan. 1, 2027, “for longer-production period property and certain aircraft.” The measure would continue 20 percent bonus depreciation for two more years after that.

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

AIA Calls for Passage of Tax Act with R&D Expensing Fix

A 2022 tax change altered the way businesses deduct R&D expenses

AIA is urging Congress to get a tax bill passed that will reverse an R&D expensing change that took place in 2022.

2024 Corporate Aviation Leadership Summit

Charles Alcock

Kaleyesus Bekele

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Industry group presses for regulatory progress and continuity across the continent 

African Bizav Strives for Greater Market Opportunity

Amy Wilder

News about simulators and training procedures, as well as workforce.

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Rule would not apply to insulin-treated diabetes

FAA Proposes Easing Medical Approvals for Diabetic Pilots

News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

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