Neelam Mathews

India’s Directorate of Revenue Intelligence is scrutinizing eight Indian companies that it believes are basing their foreign-registered corporate aircraft overseas to evade customs duty and taxes. The agency is said to be looking at the status of a Boeing 727 owned by the UB Group, Punj Lloyd’s Gulfstream, Essar’s Boeing 737 and Bharat Hotel’s Embraer Legacy 600. Several other Indian companies’ business jets are also understood to be on the agency’s radar. India does not levy a customs duty on foreign-registered aircraft if they fly out within 15 days of arrival into the country. Many Indian companies with subsidiaries in foreign countries having the same chairmen choose to keep the U.S. registration as India has complex bureaucratic processes. For example, India’s Directorate General of Civil Aviation (DGCA) does not allow cross-utilization of pilots from one aircraft to another and should a pilot fall sick, it is easier to replace him or her if the aircraft is registered overseas. Clearances for getting heavy maintenance and for pilot training from DGCA can also prove to be impediments. In addition, there is a general belief among private and corporate owners in India that foreign-owned aircraft retain a higher resale value.

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

India Corporate Jets Face Tax Evasion Probe

2024 Corporate Aviation Leadership Summit

Gordon Gilbert

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.

Takes effect April 1, 2026, and applies to non-commercial aircraft

Wash. State Legislators Approve 10% Aircraft Luxury Tax

Matt Thurber

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.

Majority of aviation funding would bolster air traffic control system

NBAA Appauds Passage of Bizav-friendly Budget Bill

Sarah Rose

Revenue from every sale is dedicated to support medical flights

Arcadia Jets Supports Angel Flight West Charity Flights

Charles Alcock

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

More In Finance, Taxes, Insurance

Wash. State Legislators Approve 10% Aircraft Luxury Tax

Takes effect April 1, 2026, and applies to non-commercial aircraft

NBAA Appauds Passage of Bizav-friendly Budget Bill

Majority of aviation funding would bolster air traffic control system

Arcadia Jets Supports Angel Flight West Charity Flights

Revenue from every sale is dedicated to support medical flights

French Bizav Group Presses for Reversal of Charter Tax

Solidarity tax has added thousands of euros to the cost of some trips

Preowned Jet Market Shifts as G650 Supply Increases

End of G650 era impacts pricing trends, according to Jefferies

IADA Appoints First Staffer in Europe

The move gives the group its firsrt foothold outside North America

Jetcraft Adds Crypto Payments for Aircraft Buyers

Modern payment option enables transactions with digital assets

Asia-Pacific Turbine Helicopter Fleet Grows in 2024

Asian Sky documents modest gains amid steady demand

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