Today, private aircraft owners in the United States have a variety of methods for shielding their personal aircraft ownership information from the public eye. Unfortunately, the same mechanisms that facilitate this privacy can frustrate intermediaries to aircraft transactions like brokers, financial institutions, escrow companies, and attorneys who need this ownership information to conduct their due diligence procedures to ensure that the aircraft owner they engage with is not taking advantage […]
In May 2026, a federal court of appeals handed Flight Options (now an affiliate of fractional operator Flexjet) a victory in a long-running dispute over federal excise tax on fractional-program fees. The IRS sought payment of $39 million (which included interest and penalties) for Flight Options’ failure to collect 7.5% federal excise tax (FET) on fractional program monthly management fees (and membership fees for a now-defunct jet-club program). It’s important […]
We’re pleased to present the seventh issue of The Strategic Connection—a look at the latest developments across the Paragon Network and the continued momentum of our valued partnerships. In this edition, you’ll find network updates, recent collaboration highlights, and marketing features designed to spotlight the people and programs shaping business aviation. Stay engaged with the stories driving connection, innovation, and excellence across our network. Click here to read the latest issue.
In a news release dated March 28, 2025, the FAA announced that it has implemented new privacy protections for aircraft owners. Section 803 of the FAA Reauthorization Act of 2024 added Section 44114 to Title 49 of the U.S. Code, which mandates the FAA to establish a process for aircraft owners and operators to withhold the registration number of an aircraft from “broad dissemination or display” for noncommercial flights of […]
Kevin Austin went to work in the aviation industry nearly 50 years ago running tours, mopping floors and emptying garbage cans at Boeing’s 747 manufacturing facility while going to school at night. He later negotiated aircraft purchase agreements with the world’s airlines. He then attended Stanford Law School and Stanford’s Graduate School of Business where he focused on international transactions, tax strategy and securities law. For the last 25 years […]
Dive into the first issue of November 2024 of The Strategic Connection by Paragon Aviation Group. Explore insightful articles, industry updates, and expert perspectives that underscore our dedication to innovation and collaboration in business aviation. Stay informed and connected with the latest trends shaping the future of the industry. Don’t miss out on the valuable insights and updates that keep you at the forefront of aviation excellence! Click here to read.
Discover the second issue of October 2024 of The Strategic Connection by Paragon Aviation Group. Dive into insightful articles, industry updates, and expert perspectives that highlight our commitment to innovation and collaboration in business aviation. Stay informed and connected with the latest trends shaping the future of the industry! Click here to read.