“As-is, where-is, with all faults accepted.” Although I believe that the origin of this phrase was an old English wedding vow for the serially betrothed, today it is common legal phraseology for the sale of used equipment without any warranty.  The simpler Latin phrase is “Caveat emptor”: Buyer beware. Click here for full article

What are the practical and legal considerations when a passenger or crewmember becomes ill in flight? For the larger air carriers and operators of large business aircraft, a flight attendant is usually available to deal with the inflight medical emergency of a passenger or even a crewmember.  But what about a business aviation operation with […]

The NBAA has appealed an FAA administrative decision to the next level, which in this case is to the FAA Associate Administrator for Airports.  Here is the question on appeal:  Does the federal prohibition on revenue diversion – as set forth in assurance #25 for Airport Improvement Program (AIP) grants (as mandated by 49 U.S.C. […]

Congress recently clarified that aircraft management fees should not be subject to Federal Excise Tax (FET), nor should flights be operated by the aircraft owner.  However, there are still many gray areas for business flight operations that want to collect reimbursement for flights without taking on FAR Part 135 certifications.  Read the full article…

More sales and potential buyers have created an uptick in the market for pre-owned aircraft.  The low inventory of U.S. registered aircraft makes purchasing an internationally registered aircraft a viable option.  Before going all-in on a foreign registered aircraft, consider these issues…Read the full article…

Prior to 2009, Aircraft financing was generally straightforward and often generous.  With a virtual shortage of aircraft (new and used) on the market, lenders did not shy away from supporting what are sometimes characterized as “risky,” high-dollar assets.  In fact, financiers went so far as to seek out aircraft financing opportunities by aggressively marketing low […]