Aircraft operations, like all other aspects of your business, require regular reviews to ensure that they evolve along with the many other facets of your company. If you have not checked on your aircraft’s operations recently, consider reviewing the utilization, registration, liability coverage and applicable tax laws and FARs governing the proposed operation.
FAA Moves to Disallow Blocked Aircraft Information
May 6th, 2011
A recent FAA proposal may greatly limit the privacy of your US aircraft operations.
Paying for Personal Use of the Company Aircraft
April 12th, 2011
On December 30, 2010, the FAA issued an interpretation which allows a limited exception to the FAA’s decades-long broad prohibition on employees reimbursing the company for personal travel on the company aircraft. As important as what this interpretation allows is what it does not allow.
Letter of Intent
March 8th, 2011
The next time you are drafting or reviewing a Letter of Intent, consider this: It is an opportunity to address your most important business points in the way you will want them adressed in the pruchase agreement. Think about the entire deal, not just the price.
Trusts, Fiduciary Obligations and the Family Jet
December 28th, 2010
Apprise yourself of the duties of a trustee to re-register an aircraft pursuant to the new FAA requirements.
Minimizing Liability Risks
August 23rd, 2010
Violation of the FAA reimbursement/consideration requirements can carry risk exposure for both the employee and the company, and few employers are aware of these requirements. Minimizing liability risks may be done with a company policy for employee use of non-company aircraft on company business.
Only One Timeshare at a Time
July 2nd, 2010
Today’s budget-conscious company can inadvertently create an aircraft operating structure that is not in compliance with the FARs. One example of this can involve trying to “timeshare” the aircraft on a seat-by-seat basis.
Demonstration Flights
April 17th, 2010
Trusts, Estate Planning and the Family Jet
April 22nd, 2009
When a high-net worth family or individual is purchasing a jet that will be flown primarily for personal use, it can be useful to consider at the outset how the structure of the ownership and operation of the aircraft fits within the estate plan of the owner.
