Washington, DC, December 1, 2011 – The National Business Aviation Association (NBAA) has produced an important new guide that is essential reading for any owner-pilots that operate a business aircraft. The handbook, the latest resource in NBAA's efforts to support Light Business Airplane (LBA) operators, provides comprehensive information about reimbursement of flight expenses.
The 15-page NBAA Reimbursement of Flight Expenses for Owner-Pilots Handbook is intended to help NBAA Members understand the accommodations and limitations that the Federal Aviation Regulations (FARs) allow for both private and commercial owner-pilots, including requirements relating to humanitarian or non-profit flights.
"The regulations governing expense reimbursement can be difficult to understand and will vary depending on the level of pilot certificate held and the certification of the aircraft operation," said Mike Nichols, NBAA's vice president of operations, education & economics. "This guide provides much-needed clarity on the regulations and legal interpretations covering reimbursements of flight expenses, such as airplane fuel costs, which is particularly important to owner-operators."
Commercial pilot privileges and limitations are also covered in the handbook, as is NBAA Exemption 7897, or the Small Aircraft Exemption, which allows entrepreneurs flying small aircraft to use the rules in FAR Section 91.501 for large and turbine-powered multiengine aircraft, for certain specified operations.
Also included in the handbook is an easy-to-read and comprehensive Reimbursement Summary Table for both private and commercial pilots, which makes it easy to look up the reimbursement regulations covering the type of flight and reimbursement, and by whom that are allowed by the FARs.
Members can click here to download the new handbook from NBAA's web site. Not a Member?
Click here to request your free copy.
# # #
Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. The Association represents more than 8,000 companies and provides more than 100 products and services to the business aviation community, including the NBAA Annual Meeting & Convention, the world's largest civil aviation trade show. Learn more about NBAA at www.nbaa.org.
Members of the media may receive NBAA Press Releases immediately via e-mail. To subscribe to the NBAA Press Release e-mail list, submit the online form at www.nbaa.org/news/pr/subscribe.