Airlines

airlinesOur experience with the airline industry spans from charter air operations to regional airlines to a flight training academy. Our services to the airline industry include audit, tax, internal controls reviews and assisting in the IPO process.

Our airline accounting services include:

  • Accounting for maintenance costs and power-by-the-hour maintenance arrangements
  • Leases of aircraft and fleets assets
  • Fleet acquisition cost and associated depreciation
  • Lease return conditions
  • Code share agreements and revenue recognition
  • Revenue related to planned major maintenance received under capacity purchase agreements
  • Frequent flyer program accounting

Our audit clients have included a publicly traded “Continental Connection” regional airline company.