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It delivered its first Midnight aircraft to the U.S. military. And it expanded its backlog by 116 aircraft, worth up to $580 million, bringing the total backlog up to roughly $6 billion.
Senate Bill 786 and its companion — House Bill 6051 — would eliminate the current 6% tax on the sales and lease of aircraft under 15,000 pounds.
With an enterprise value of $920 million, Archer Aviation still looks expensive at 23 times next year's sales. Rocket Lab, which has an enterprise value of $4.3 billion, looks more reasonably ...
The General Aviation Revitalization Act of 1994, also known by its initials GARA, is Public Law 103-298, an Act of Congress on Senate Bill S. 1458 (103rd Congress), amending the Federal Aviation Act of 1958. It was intended to counteract the effects of prolonged product liability on general aviation aircraft manufacturers, by limiting the ...
NetJets. NetJets Inc. is an American company that sells fractional ownership shares in private business jets. [6] Founded as Executive Jet Airways in 1964, it was later renamed Executive Jet Aviation. NetJets became the first private business jet charter and aircraft management company in the world.
In 2017, the Third Rutte cabinet coalition agreement planned to introduce a new aviation tax of 7 euros on every ticket, regardless of destination, on 1 January 2021. [17] Cargo aircraft will pay a tax based on their weight and noise pollution class: [17] up to 3.85 euros per tonne of cargo, with a lower rate for quieter aircraft. [14]
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