IRS Says Company Owned By Warren Buffett Owes Over $366 Million
NetJets, a fractional jet company owned by Warren Buffett's Berkshire Hathaway corporation, is reportedly being sued by the IRS for $366 million in back taxes.
Twenty-Eight Senators Sign Letter To President Obama
The NBAA and GAMA on Monday thanked a group of U.S. senators for reminding President Obama that they oppose the $100-per-flight user fee proposed in the president's fiscal year 2013 federal budget. In a recent letter, 28 senators told the president that bipartisan passage of the comprehensive, multi-year FAA reauthorization bill was "in part because it did not assess new user fees on general aviation (GA)."
Overran Ruston, LA, Airport Runway In Emergency Landing
A Mitsubishi 300 which suffered electrical problems on a flight from Shreveport, LA to Destin, FL was involved in a runway excursion Saturday at Ruston, LA. The airplane ran off the end of the runway during an emergency landing following what the pilot described as an electrical failure.
Read More
