- February 15, 2021, 11:19 AM
Shortly after NBAA and EBAA canceled their in-person European Business Aviation Convention and Exhibition (EBACE), details of the virtual “EBACE Connect” are beginning to emerge in its place. To be held May 18 to 19 when the original in-person event was scheduled EBACE Connect will encompass a virtual programming series designed to gather business aviation leaders and other authorities to discuss industry issues and trends, the organizations said.
“EBACE has been bringing our industry together for more than a decade, and this year will not be an exception,” said EBAA secretary-general Athar Husain Khan. “With EBACE Connect, we will showcase the innovative and flexible spirit of our industry to learn and discover all that is coming our way in business aviation.”
By Murdo Morrison2021-02-04T13:36:00+00:00
The European Business Aviation Convention & Exhibition (EBACE) has become the latest industry show to fall victim to the pandemic.
In fact, it is the second year running that the annual Geneva-based event, which was to have taken place from 18-20 May, has been cancelled due to Covid-19 uncertainty.
Source: BillyPix
Bombardier’s Global 7500 on the static display at EBACE 2019
The organisers plan to replace EBACE with a “virtual programme”. Its sister US event, the National Business Aviation Association’s BACE in October 2020, was also switched to an online format.
The decision marks a blow for an industry that had been weathering the crisis better than the commercial airline sector, with many wealthy private and business travellers continuing to use a mode of transport seen as more discreet and Covid-secure.
- January 13, 2021, 10:38 AM
NBAA is praising issuance of a pre-publication final rule by the U.S. Internal Revenue Service (IRS) that clearly exempts owners who conduct flights on their own aircraft with a management company’s assistance from paying the 7.5 percent federal excise tax (FET) for commercial flights. The Tax Cuts and Jobs Act (TCJA) passed in 2017 included language specifying this exemption, but now the IRS’s final rule, which is pending publication in the
Federal Register, will codify it.
“NBAA and its Tax Committee led by Chair John Hoover, a partner with the law firm of Holland & Knight championed industry efforts to work with the Department of the Treasury and IRS on regulations that correctly implement the TCJA management company provision,” NBAA said. “That effort has now resulted in a final rule from the IRS that represents the successful conclusion of the NBAA-led campaign to prevent the improper and retroactive application of FET to management