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.
Washington, DC (PRWEB) December 07, 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.