Chrysilios Chrysiliou

Owning aviation property may give you unmatched flexibility and long-term financial upside, but it also brings complex tax rules that can quickly get expensive if you’re not prepared. Whether you’re purchasing a hangar, an aircraft, or an entire aviation facility, every decision comes with financial consequences. If you’re managing or acquiring aviation assets, you need a firm grasp of sales and use tax, depreciation strategies, personal-use limitations, and audit risk. This article unpacks the major tax considerations so you can keep your operations legally compliant, financially optimized, and always a few steps ahead of the IRS. Sales and Use Tax: Know Your State Rules Before You Buy When you buy aviation property, the first tax to think about is sales tax—and that applies not just to the aircraft itself but sometimes to hangars or related improvements. Each state has its own policy on this, which means you can’t assume what worked for someone else will apply to your deal. In some p...

When most people think of aviation careers, pilots and flight attendants come to mind first. However, I know from working in the industry that aviation extends far beyond the cockpit. Air traffic controllers, engineers, aircraft maintenance technicians, meteorologists, and business professionals all play critical roles in keeping aviation running. The industry offers countless opportunities for those with a passion for aviation but no desire to fly. With advancements in technology and an ever-growing demand for skilled professionals, aviation remains a dynamic and rewarding career field. Air Traffic Control: Managing the Skies One of the most crucial roles in aviation is air traffic control. I’ve worked with controllers who manage the movement of aircraft in and out of busy airports and across vast airspaces, ensuring safety and efficiency. They communicate directly with pilots, coordinating takeoffs, landings, and routing to prevent collisions. It’s a high-stakes job that demands inte...