UPDATE ON LUXURY TAX: The CBAA is meeting with government officials to get a better understanding of the current draft legislation, which proposes that relief is to be expanded to take into account qualifying flights that are conducted in the course of a business with a reasonable expectation of profit. While this is a huge win for our sector, we still are waiting on how the legislation will address the occasional personal use of aircraft and if we can raise the threshold from $100,000 to $5 million, reflecting the true purchase price of aircraft.