Regulatory Requirements, Financial Reporting 17 Jan 2025 regulations, aviation, small business, transportation, financial reporting

✈️DOT Notice on Financial Reporting for Small Aircraft Operators

In compliance with the Paperwork Reduction Act of 1995, the Bureau of Transportation Statistics invites the general public, industry and other governmental parties to comment on the continuing need for and usefulness of BTS collecting financial, traffic and operating statistics from small certificated and commuter air carriers. Small, certificated air carriers (operate aircraft with 60 seats or less or with 18,000 pounds of payload capacity or less) currently must file the two quarterly schedules: F-1 "Report of Financial Data"; F-2 "Report of Aircraft Operating Expenses and Related Statistics"; and Commuter air carriers must file the Schedule F-1 "Report of Financial Data". Commenters should address whether BTS accurately estimated the reporting burden and if there are other ways to enhance the quality, utility, and clarity of the information collected.

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