If your international commercial transaction involves a business aircraft, particularly where the buyer will register the aircraft in a different country than the one in which the seller had it registered, you have a lot of work in front of you. Cross-border aircraft transactions involve many hurdles that can be difficult to identify, and even harder to get over.
September 4th, 2012
Looking for a replacement aircraft, and the right jet appears at the right prices? The next thing you know, someone has placed an offer letter in front of you and says it’s time to sign, or you could lose this great deal! Is it a great deal? How do you know? We know, you just want to fly - and thinking about all of the legal jargon just gives you a headache. This article will hopefully help you navigate the minefield of aircraft acquisition and ownership. Click here to download full article
February 17th, 2012
Earlier this month the FAA published a Notice of Proposed Policy Clarification for the Registration of Aircraft in Owner Trusts. The Notice focuses on aircraft registered in the name of trustees with non-U.S. citizen trustors/beneficiaries. Comments on the Notice are due to the FAA by March 31, 2012.
February 17th, 2012
The FAA announced that the Block Aircraft Registration Request (BARR) program has been reinstated following the passage of an appropriations bill. Aircraft previously blocked under the Certified Security Concerns program will remain blocked. Aircraft operators who wish to have their aircraft blocked on flight tracking websites should contact the FAA at CertifiedSecurityConcern@faa.gov.
August 11th, 2011
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.
May 6th, 2011
A recent FAA proposal may greatly limit the privacy of your US aircraft operations.
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.
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.