JET TALK - INSIGHTS & ARTICLES

The latest news and information on private aircraft ownership and operations.
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Aircraft Financing: 5 Pitfalls to Avoid

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.   

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Why a Single LOA May Be Insufficient

When purchasing a new aircraft, or making a change in the operating structure, often the last items to be considered are the FAA Letters of Authorization (LOA) for operations. For years the operator specific nature of the LOAs has gone unnoticed by the FAA, and the business aviation industry. Ongoing

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Aircraft Insurance 101

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.

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The Flight Department Company Trap

Thinking of operating an aircraft in a sole-purpose company to minimize liability? Think again. One of the most frequently-violated FAA regulations is found in one of the most well-known, but misinterpreted, provisions. As a general rule, Federal Aviation Regulation (FAR) Part 91 operators may not charge or accept reimbursement for

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Closing Aircraft Deals

Aircraft transactions should never be initiated without support from a trusted advisor. When attempting to purchase and register aircraft, resist the temptation to guess how to complete the required FAA forms. The process is not intuitive and many of the requirements that will delay a closing are not contained in the

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Liability Concerns Shouldn’t Stop SMS

SMS is essentially a quality management approach to controlling risk. Corporate lawyers tend to obsess about potential liabilities associated with aircraft, so they should love SMS. Except that they don’t. Lawyers also fear records. They hate having information that can be subpoenaed, especially if there is no clear regulatory requirement

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A Year-End Review of the Fringe Benefit Rules

Where an employee, or a guest of an employee, uses an aircraft for personal transportation, the fringe benefit rules generally require the employer to treat the value of such personal use as additional compensation to the employee. In the case of aircraft, the rules governing the calculation of these amounts

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Serving Up Liability

Earlier this year on a red-eye flight from China, I had the pleasure of sitting next to a highly intoxicated and unusually talkative German. As the sun rose and breakfast was served, the flight attendant cheerfully passed him another Guinness. He was happy. She was happy. I was not. Was

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Forecast 2014: Charter Brokers in the Spotlight

The U.S. Department of Transportation (DOT) published a long-awaited Notice of Proposed Rulemaking (NPRM) entitled “Enhanced Consumer Protections for Charter Air Transportation” on Sept. 30, 2013, and then the federal government promptly shut down. Click here to download full article.

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