Newswatch 13th April 2017
There has been lots of aviation coverage in the press and on social media in recent days but sadly not for good reasons. It is impossible to ignore the treatment by United, or rather the Air Marshalls, in forcibly removing the passenger from his seat. At first I thought it was a stunt, perhaps an intro to a new sequel to “Airplane” but unfortunately it was genuine. All operators oversell tickets to optimise loads and you could argue this could happen to any airline. However, how these situations are handled does appears to vary and hopefully any shortcomings can now be addressed to prevent something like this from happening again.
Many thanks to those that responded to our quick poll last week on re-deliveries – the results are below. We often feel the complexities of returning aircraft at end of lease are underestimated and our poll reflects this view. Click here for our latest whitepaper on redeliveries.
Reasons for a challenged redelivery:
|Underestimation of effort||49%|
|Tech team focused on flying not returning||25%|
We are holding a joint seminar with KPMG on Thursday 4th of May in Dublin. The breakfast briefing will cover the emerging accounting and valuation challenges surrounding commercial aircraft. In particular, we will focus on emerging trends in depreciation policies, useful economic lives and residual values. I will be joined by Ian Nelson, Partner at KPMG Ireland where we will share our views on:
- Emerging accounting challenges
- Valuation perspectives and key inputs
- Tax considerations
- Data considerations
If you would like to join us, please email firstname.lastname@example.org to register your attendance.
Venue: KPMG, 1 Harbourmaster Place, IFSC, Dublin 1
Date: Thursday, 4th May 2017
Time: 7.30am – 8.00am Registration & breakfast
8.00am – 9.15am Business session