By ANN Correspondent Aleta Vinas
"In 2004, NBAA Members enjoyed passage of the American Jobs
Creation Act of 2004 (HR 4520), which includes a provision
extending for 12 months the placed-in-service requirement for
companies purchasing business aircraft to qualify for bonus
depreciation. As a result, companies have a strong incentive to
purchase new aircraft and invest in corporate flight
departments."
So says NBAA President and CEO Ed Bolen, who gave ANN his
organization's review of 2004 and the battle plan for the year
ahead.
Eclipse Completes 2 Successful Flights of First Eclipse 500
Certification Flight Test Aircraft
At 10:16 a.m. (MST) Friday, 12/31/04, aircraft N503EA, powered
by two Pratt & Whitney Canada (P&WC) PW610F turbofan
engines, took off from the Albuquerque International Sunport for
its maiden flight, which lasted one hour and 29 minutes. After a
thorough inspection by flight test engineers, N503EA was cleared
and departed again at 3:59 p.m. for its second flight of the
day.
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