Whether you represent a large corporation, a closely-held business concern, a wealthy individual, an investor, or any other individual looking to fly private, our commercial transaction attorneys assist clients with the leasing, purchasing/selling or charter of aircraft, as well as hangars, yachts, and other commercial real estate interests.
There are numerous reasons why our clients acquire aircraft. For example: geographically diverse business interests; frequent travel on short notice; travel to areas lacking adequate commercial airline service or away from major markets; provincial vacation homes; security/privacy concerns; etc.
We help guide our clients through aircraft purchase and sale transactions, addressing such important issues as:
Reviewing client needs when determining appropriate aircraft
Do you have predictable usage?
What is your flexibility on passenger loads?
Do you want long-range versus stopping to refuel?
Calculating Business vs. Personal Usage
Conducting Due Diligence
FAA Airworthiness File Review
Historical records search and review
Drafting and Negotiating Purchase Agreements
Letters of Intent
Warranties and Representations
Closing and Delivery
Sales & Use Tax Ramifications
Discussing Ownership Models
Leasing vs. Ownership
Fractional vs. Joint ownership
Chartering (“pay-as-you-go”) and Jet cards
Concerns regarding Nationality and Registration
Forming Holding Companies
Federal Excise Taxes
Non-Citizen Trusts / Foreign Ownership
Deregistrations for Export / Import and Registration Application Process
Avoiding the “Corporate Flight Department” pitfall
Aircraft Management Decisions
Crew Services Agreements
Dry Lease Charter Agreements
Interchange and/or Co-Ownership Agreements
Engine leasing / Engine Service Plans