Importing and exporting corporate aircraft is a complex addition to an already complex process. An imported aircraft will require deregistration from any international government registry as well as deregistration on the International Registry promulgated by the Cape Town Treaty. An imported aircraft will also need to be issued a Certificate of Airworthiness in order for the aircraft to be flown. Similarly, a U.S. registered aircraft will need to be deregistered from FAA registry. A buyer or seller will also need to be on the lookout for doing transaction with persons on various government watch lists. The Aircraft Purchase Agreement will need to address these issues in order to protect the client’s interests.
About Stewart H. Lapayowker, P.A.:
Based in Fort Lauderdale, Fla., the law firm of Stewart H. Lapayowker, P.A. focuses its practice on private and corporate aviation transactions worldwide, including throughout the United States, South America, the European Union, Asia and the Middle East. The firm regularly assists clients with a variety of issues related to aviation, including the sale, purchase, regulatory analyses, financing and management of corporate aircraft.