flight department company problem. The Future of the Trap A sure way to deal with the flight department company trap would be to eliminate it. The National Business Aviation Association and other industry groups have tried to do this for years, but the FAA has consistently and steadfastly defended their position. Perhaps the FAA wo

SAFETY R AIRCRAFT OPERATIONS lEGISLONE R REGULATORY ADVOCACY NETWORKING & COMMERCE EDUCATION R CAREER DEVELOPMENT BUSINESS MANAGEMENT RESOURCES National Business Aviation Association 1200 18th Street NW, Suite 400 Washington, DC 20036 12021783-9000 www.nhaa.org EFTA00591501 "Morton Case Limits IRS Application of Hobby Loss

Richard Joslin "The first time we heard 'corporate jet looph=le' we couldn't figure out what they were talking about," said Ed Bolen, who heads th= National Business Aviation Association. The U.S. tax code treats private aircraft as it does bulldozers, computers and other business equipment: Companies that buy them are allowed to de