Jet Talk - Insights & Articles
The latest news and information on private aircraft ownership and operations
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The FAA is deploying a new database of pilot information to replace the cumbersome PRIA request process. PRD will automate the PRIA process. Phase I of The Pilot Records Database (PRD) rolls out early this year. The remaining phases will deploy over the next few years. What does this mean
If you’re interested in buying or selling aircraft, your intentions may be clear to you, but not necessarily to the other party. When you’re the buyer, a Letter of Intent (LOI) establishes you as a seriously interested buyer but without necessarily committing you to complete the transaction. When you’re the
The FAA just raised the unmanned aircraft blanket ceiling authorization from 200 to 400 feet. Until the FAA issues a final rule for unmanned aircraft systems operations (UAS), an unmanned aircraft can only be operated commercially by obtaining a Section 333 exemption. We’ll help you navigate this exciting new area
Before entering into an aircraft purchase agreement, it’s imperative to understand that sales and use tax requirements are state-specific. Failing to account and plan for sales and use taxes can result in an unexpected tax bill including substantial penalties and interest. Many states are increasingly prone to audit jet aircraft
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There are three key points to consider when negotiating an aircraft’s delivery condition. Don’t under estimate the time and legal expertise necessary for a successful transaction. A detailed description of individual delivery conditions ensures buyer protection and helps regate or resolve potential disputes. Click here to download full article.
When purchasing an aircraft, resist the temptation to guess on aircraft financing. Aircraft transactions and the legal financing documents are intricate, complex and contain many concealed restrictions. Such transactions should never be initiated without qualified, professional support. Click here to download full article.
Insuring your aircraft is substantially more complex than insuring your home or vehicle. Failing to understand insurance agreements is a surefire way to violate existing aircraft agreements or invalidate insurance coverage. Before you sign an insurance contract, make sure your insurance protects you. Click here to download full article.