NBAA 2010 – Tax, Regulatory & Risk Management Conference – Update Day 2

I didn’t have a chance to write last night because I had to run right from the end of the tax conference to several evening events.  But, that doesn’t mean that I didn’t see some great presentations and learn some very important industry updates.  During the second day of the Tax, Regulatory & Risk Management Conference we saw presentations about: FAA Registration Issues, States Sales Tax, Importing and Exporting Aircraft and more.  The FAA Registration Issues and new requirement for all aircraft owners to re-register their aircraft during a scheduled window of time is critical to maintaining currency in your registration.  Letting your registration lapse can affect the perfection of liens, validity of your insurance and legal flight operations.  Please watch our blog for further and more detailed updates on this topic.

Additionally, David Grizzle, FAA Chief Counsel gave the keynote speech and did an excellent job.  In the beginning of his speech he quoted Wayne Gretzky when saying how he believes a good organization and/or process should work.  “A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be.”  When you start a project, or in my case a negotiation, don’t just think about the moment, but think about the desired outcome.  David has clearly kept this in mind during his tenure to date with the FAA and as a result been successful in his career there.  I work to always think of the outcome (or where I want the puck to be) before I start something and I can tell you that it does make a positive difference!

Please don’t forget to attend Jay Mesinger’s presentation today: NBAA Business Aviation Update in Asia/China which will occur in Hall C Room 103 starting today, October 19th at 3:30PM.  I will also be presenting on the NBAA Social Media in Business Aviation panel discussion tomorrow, Wednesday, October 20th from 4 to 5PM in Hall B Room 312.  We hope to see you at our event!