News & Analysis as of

Aviation Industry Inflation Reduction Act (IRA)

Bracewell LLP

Sustainable Aviation Fuel: An Overview of the Current Regulatory Landscape in the UK, EU And USA

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We have set out below an overview of the current regulatory frameworks governing Sustainable Aviation Fuel (SAF) in the key jurisdictions of the UK, EU and USA. SAF has emerged as a critical component in the global drive...more

Holland & Knight LLP

DOE Funding Pause Update: Week 4

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The U.S. Department of Energy (DOE) on Feb. 12, 2025, announced a $782 million first advance under a $1.67 billion loan guarantee for the development of sustainable aviation fuel from the Loan Programs Office (LPO). This...more

Vinson & Elkins LLP

Aviation Finance: The Outlook for Business in 2025

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Entering 2025, the outlook for aviation is as bright as it has been since before 2020. Global passenger demand has returned to pre-Covid highs. Interest rates are falling in the United States and Europe. And aircraft trading...more

Bracewell LLP

PRG Pulse 2024 Post-Election Analysis: Energy and Environmental Policy

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A second Trump administration is expected to prioritize “energy dominance,” focusing on expanding oil and gas, reducing regulations, and increasing drilling, especially with Republican-led committees in Congress likely...more

K&L Gates LLP

Carbon Quarterly – Volume 9

K&L Gates LLP on

Carbon Quarterly is a newsletter covering developments in carbon policy, law, and innovation. No matter your views on climate change policy, there is no avoiding an increasing focus on carbon regulation, resiliency planning,...more

Holland & Knight LLP

Eyes on Energy Tax Update: Second Quarter 2024

Holland & Knight LLP on

Eyes on Energy Tax Update is a regular publication of the Holland & Knight Renewable and Alternative Energy Tax Team that provides highlights of important developments. The Renewable and Alternative Energy Tax Team also...more

King & Spalding

Treasury and IRS Issue Additional Guidance on Section 40B Sustainable Aviation Fuel Tax Credit

King & Spalding on

Section 40B of the Internal Revenue Code of 1986 (the “Code”) enacted by the Inflation Reduction Act of 2022 (the “IRA”) provides tax credits for each gallon of sustainable aviation fuel (“SAF”) sold or used by a taxpayer...more

Miller Canfield

Leaving on a Jet Plane: Increased IRS Scrutiny on Use of Corporate Aircraft

Miller Canfield on

On February 21, 2024, the IRS announced plans to increase funding under the Inflation Reduction Act to audit the use of corporate aircraft by large corporations, partnerships, and high-income individuals....more

McDermott Will & Emery

IRS Announces New Audit Initiative Focused on Jet Airplane Usage

On February 21, 2024, the Internal Revenue Service (IRS) announced a new initiative to audit the use of airplanes by corporations, large partnerships and high-net-worth individuals. While the IRS has always examined plane...more

Kohrman Jackson & Krantz LLP

Scrutiny on Personal Use of Business Jets Intensifies: IRS to Conduct Audits

Initially, tracking systems were employed to monitor the private jet usage of celebrities like Taylor Swift. Now, similar scrutiny will extend to executives who utilize business aircraft for personal purposes while claiming...more

Holland & Knight LLP

Eyes on Energy Tax Update: Fourth Quarter 2023

Holland & Knight LLP on

Eyes on Energy Tax Update is a quarterly publication of the Holland & Knight Renewable and Alternative Energy Tax Team that provides highlights of important developments. The Renewable and Alternative Energy Tax Team also...more

King & Spalding

IRS and Treasury Issue Guidance on Section 40B Sustainable Aviation Fuel Credit

King & Spalding on

Section 40B of the Internal Revenue Code of 1986 (the “Code”) enacted by the Inflation Reduction Act of 2022 (the “IRA”) provides credits for each gallon of sustainable aviation fuel (“SAF”) sold or used by a taxpayer before...more

Foley Hoag LLP - Energy & Climate Counsel

$300 Million in Grants for SAF Production and Sustainable Aviation Technology Available from FAA

The Federal Aviation Administration (FAA) has announced the availability of $300 million in discretionary grant funds as part of their Fueling Aviation’s Sustainable Transition (FAST) program. The goal of the program is to...more

Vinson & Elkins LLP

Synthetic SAF: Considerations for Commercial Viability

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Every major industry faces a complex path toward carbon neutrality, and aviation is no exception. Large commercial aircraft account for nearly 75 percent of the industry’s carbon dioxide emissions, and batteries that are...more

Bennett Jones LLP

A Roadmap to Building a SAF Supply Chain in Canada

Bennett Jones LLP on

The Canadian Council for Sustainable Aviation Fuels (C-SAF) recently launched a Roadmap for the country's aviation sector to remain competitive as it transitions to a net-zero future by 2050. C-SAF also published yesterday an...more

Foley Hoag LLP - Environmental Law

IRA Incentives for Carbon Sequestration and Low Carbon Fuels

On August 16, 2022, President Biden signed the Inflation Reduction Act, creating a law that contains the most significant climate-related incentives in U.S. history. In the few short weeks since the bill was introduced in the...more

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