#77 - The Pilot's Flight Plan to Passive Income: Aircraft Leasing and Tax Benefits with Luke Lysen

Welcome back to another exciting episode of the Passive Income Pilots! Today, Tait and Ryan dive into the world of aircraft ownership, tax advantages, and leaseback strategies with guest Luke Lysen from The Flight Academy and Aerista. They explore how pilots and high-income earners can purchase an aircraft, rent it out to a flight school, and leverage tax benefits to offset costs, turning a passion for flying into a financially viable investment. If you've ever dreamt of owning an aircraft or are curious about the tax strategies that make it feasible, this episode is for you!

Luke Lysen is the president of The Flight Academy, a boutique flight school specializing in Cirrus aircraft, and Cirrus SF50 Jet Sales Director at Aerista. With decades of experience in general aviation, Luke helps clients purchase, lease, and manage their aircraft while navigating the complexities of ownership and maximizing tax advantages. His hands-on approach and expertise in Cirrus aircraft make him a trusted advisor for pilots and aviation enthusiasts.

Enjoy the show!

Show notes:

(0:00) Intro
(2:00) Leaseback concept explained
(7:28) The joys of general aviation
(10:40) Leaseback program details
(13:03) Bonus depreciation benefits
(19:17) Reducing taxable income with aircraft
(30:36) Aircraft financing options
(40:12) Buying a Cirrus: timeline and process
(44:06) How to connect with Luke
(44:20) Outro

Connect with Luke:

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The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.

The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

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