First the Good NewsThe FAA is offering $500 rebates with the purchase avionics that have received an ADS-B Technical Standard Order authorization and meet ADS-B Out rule requirements. The rebate, which applies to owners of fixed-wing, single-engine piston aircraft, will run until October 11, 2019 or until the funds run out, whichever comes first. The […]

“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 […]

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 […]

The DOT published a Notice of Proposed Rulemaking to require air charter broker disclosures. That was back in 2013. Prior to this proposal, the NTSB began calling for such a regulation after the 2004 charter flight crash in Montrose, Colorado.  How is the DOT regulating “unfair and deceptive practices,” which are prohibited by statute, without […]

The days of boilerplate aircraft purchase agreements are long over. (If they were ever here in the first place.) New regulations – whether from the FAA, IRS or from financial institutions – are continually added or change on a regular basis. Your first line of defense against unexpected difficulties at closing is the aircraft purchase agreement. You […]