While effort and thought (and money) is often devoted to retirement preparation and planning, comparatively little effort or thought is given to planning for health care in advance of reaching the age of 65 (which is the age at which many people become eligible for Medicare) or in advance of retirement. The exception to the [...]
In continuing collaboration with Douglas C. Wattoff of Millbrook Aviation, IWWT partner Justin A. Marchetta argues for the utilization of consultants by aircraft buyers.
by Douglas C. Wattoff and Justin A. Marchetta J.D. Consider for a moment a not uncommon scenario in the private aviation industry. A friend cannot understand a management proposal on a new airplane he is considering, and comes to you for help. It seems like a simple request, however, the deeper you dig the more it seems [...]
Aviation Finance (Part II) by Douglas C. Wattoff & Justin A Marchetta Fixed costs should be simple, consisting of hangar rent, insurance, crew salaries, benefits, training, avionics and chart services, aircraft management fees, a few miscellaneous items, and WIFI if equipped. Considering that crew related costs usually represent about 65% of fixed costs, they warrant special [...]