Canada Bonus Depreciation, HondaJet Echelon Slip, and Steve Varsano Says the Calls Are Real

Are Steve Varsano's viral phone calls real or staged? We finally asked. In part two of our conversation, recorded live from the A319 cabin mockup at The Jet Business in London, Flexjet Chairman Kenn Ricci and Steve Varsano go through the deal from the buyer's side. They cover who pitched it (over lunch, of course), why Kenn calls it 80% acqui-hire, how Flexjet plans to move 30–50 pre-owned aircraft a year, and Kenn's three types of M&A deals, including the two he never wants to do again.

First, the news. Canada joins the bonus depreciation club with PM Carney's Productivity Mega Deduction, covering both new and pre-owned aircraft. The HondaJet Echelon slips again, with first flight in 2028 and deliveries in 2031, and we ask whether it's the engines. We also ring the M&A gong for Derek Johnson and Mach One Aviation joining Citadel Aviation. Plus Mile High Madness: a social media aviation-investment pitch that earns a hat, and a helicopter giving birth.

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