Section 1 Amounts paid for aircraft management services
“(5) Amounts paid for aircraft management services
“(A) In general—No tax shall be imposed by this section or section 4271 on any amounts paid by an aircraft owner for aircraft management services related to—
“(i) maintenance and support of the aircraft owner’s aircraft; or
“(ii) flights on the aircraft owner’s aircraft.
“(B) Aircraft management services—For purposes of subparagraph (A), the term “aircraft management services” includes assisting an aircraft owner with administrative and support services, such as scheduling, flight planning, and weather forecasting; obtaining insurance; maintenance, storage and fueling of aircraft; hiring, training, and provision of pilots and crew; establishing and complying with safety standards; or such other services necessary to support flights operated by an aircraft owner.
“(C) Lessee treated as aircraft owner
“(i) In general—For purposes of this paragraph, the term “aircraft owner” includes a person who leases the aircraft other than under a disqualified lease.
“(ii) Disqualified lease—For purposes of clause (i), the term “disqualified lease” means a lease from a person providing aircraft management services with respect to such aircraft (or a related person (within the meaning of section 465(b)(3)(C)) to the person providing such services), if such lease is for a term of 31 days or less.
“(D) Pro rata allocation—If any amount paid to a person represents in part an amount paid for services not described in subparagraph (A), the tax imposed by subsection (a), if applicable to such amount, shall be applied to such payment on a pro rata basis.
“(E) Certain payments treated as made by aircraft owner—In the case of an aircraft owner which is wholly-owned by another person, amounts paid by such other person on behalf of such aircraft owner shall be treated for purposes of this paragraph as having been paid directly by such aircraft owner.”