Taking the Long View on Short Term Solutions With more business aircraft pilots joining the scheduled carriers, the importance and appeal of temporary contract pilots is gaining attention. What are the operational, insurance and legal considerations for these pilots and the companies that need them? Operational The operational issues are
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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.
For U.S. Operators, charging someone for a ride in the company jet is a subject thick with claims and counterclaims, ignorance and outright bad behavior. The arguments are old, but some of the consequences are new. Today, the IRS may be more likely than the FAA to punish practitioners of
The complex relationship between insurance underwriters, reinsurers and the financial markets explains why premium costs often fluctuate wildly even in years where insurance claims are low. Since you can’t control the financial markets, what can you do to control insurance costs? Get your broker and/or underwriter to visit your operation.
The Federal Election Commission has now revised its regulation to interpret and explain the “Honest Leadership and Open Government Act of 2007”. If your company wants to give a Senator a ride on the corporate jet, the first step is to review FAR Part 91.321. Click here to download full
If the mechanic is an independent contractor then the flight department might not be liable for any mistakes of the mechanic. If the mechanic is an employee of the flight department, then the company is liable for any negligence of the mechanic. Know the risks assumed when hiring a moonlighting
The FAA does not require a pre-purchase inspection, yet they are common and fraught with legal peril. Sellers endeavor to avoid later accusations of fraud by insisting that buyers investigate the airworthiness themselves. This practice merely shifts the fraud accusations to mechanics and repair stations. Click here to download full
New airplane warranties are one of the justifications for buying a new aircraft rather than a used one. A recent case involving Raytheon’s “industry leading, five-year limited warranty” raised concerns about this presumption, because a court ruled, under Kansas law, that Raytheon’s warranty in fact is only enforceable within one
The Cape Town Treaty, signed and ratified by the United States and a handful of other countries, was created, essentially, to facilitate the financing and leasing of aircraft in Third World countries by making their repossession easier. A surprisingly broad group of aircraft and powerplants are affected. Companion to the