Columbus, United States
AircraftLogs provides internet-based aviation data management systems for corporate and private flight departments. The company offers its software on a SaaS basis (Software as a Service). Customers, including corporate flight departments and government agencies, use AircraftLogs to manage various management reporting and compliance reporting associated with operating business jets and other aircraft. Under FAA, IRS, and SEC regulations, all aircraft operators must maintain detailed, permanent records regarding their utilization of the aircraft, its maintenance, and its crew. This creates a complex environment of documentation, reporting, and compliance challenges which AircraftLogs aims to solve.
In particular, the IRS introduced new calculations designed to disallow certain flight expenses, making them non-deductible to the company operating the aircraft. New reporting rules involve detailed data about destinations, mileages, and the business reasons for each passenger’s trip. Companies must also track the types of employees and guests that utilize the flight department's services and impute fringe benefit income to many of them (known as SIFL). Similarly, the SEC lowered its reporting threshold and introduced new reporting requirements for publicly-traded companies.
AircraftLogs provides software-driven solutions to all of these complexities, adding significant value to the corporate aviation function at any company. The company was founded in 2005 and is based in the United States. It most recently received a $178.54K Venture Round investment on 18 August 2015.
