Duncan Aviation Encourages Quick Action To Take Advantage of Economic Stimulus Act

March 31, 2008

LINCOLN, NEB — Duncan Aviation encourages operators to act now to reap the benefits of the new Economic Stimulus Act. The Economic Stimulus Act of 2008 includes provisions that may benefit companies that purchase aircraft or upgrade existing aircraft with new equipment through accelerated depreciation. This Act increases the potential first year depreciation deduction from 20% to 60%.

In order to qualify, the property must generally be acquired by the Taxpayer after December 31, 2007, and prior to January 1, 2009. One important caveat: this only applies if no written binding contract for the acquisition was in effect prior to January 1, 2008.

“We feel this accelerated depreciation benefit will add heat to an already active avionics modifications and interior completions market,” says John Slieter, Vice President of Sales. “We encourage our clients to book early for any planned work for 2008 to secure the best schedules and take advantage of significant tax savings.”

For example: If an aircraft owner acquires new avionics equipment for their used aircraft in 2008 in the amount of $1,000,000, a 50% bonus depreciation may be available plus 20% of the remaining depreciation, resulting in a total first-year depreciation amount of $600,000. The owner should always consult a tax consultant for guidance concerning this benefit.

Duncan Aviation is an aircraft service provider with 2,000 employees supporting the aviation needs of government and business operators and other service providers. Services include major and minor airframe inspections and maintenance, engine services, major retrofits for cabin and cockpit systems in addition to full paint and interior services and aircraft sales and acquisitions. Complete service facilities are located in Lincoln, Neb., and Battle Creek, Mich. Additional locations include more than 20 satellite avionics facilities strategically located throughout the United States and components solutions available 24/7 at 800.562.6377 that can handle any aircraft system problem with immediate exchanges, rotables, loaners or any avionics/instrument/accessory/propeller repairs and overhauls.

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