Originally Posted by
Std Deviation
Memo sent out last week to employees:
FYI:
We are introducing a new Proficiency Protection program to help FlightSafety trained pilots and maintenance technicians of business aircraft who have become involuntarily unemployed since January 1, 2009. This will help them to maintain their proficiency while they pursue new job opportunities.
FlightSafety will offer a no cost recurrent training course to pilots who were training under a Full Service contract at the time of involuntary job loss. The training will be provided in an aircraft type the pilot trained on under that agreement. Customers who were enrolled in the Master Technician program at the time of involuntary job loss may receive the next course towards their Master Technician rating at no cost. The program will remain in effect until December 31, 2009.
This marketing initiative is designed to secure Customer relationships and increase revenue now and in the future. Most importantly, it demonstrates our support for the business aviation community and our commitment to enhance safety. More detailed information on the program, including the eligibility requirements, will be available at flightsafety.com next week.
My hat is off to FSI for doing this. I do have a question though and I'm NOT a accountant, but how is the government going to look at this from an income basis? Will it be considered imputed income? If so, the cost of the recurrent could be added to your income and you would have to income tax on the full amount. Granted, it would be much cheaper than paying the full cost, but just something to think about.
Any ideas?