Corporate Aircraft Deals Are Getting Done
By: Stewart Lapayowker
April 29, 2010
This month we handled a transaction what we have affectionately referred to as the “Triple Lindy.” You may recall Rodney Dangerfield’s movie Back to School. In the movie, Rodney stuns the diving competition when he dives from the diving board on to another and then on to a third, and wins the diving meet. The transaction we handled involved the purchase by our client of 3 aircraft owned by 3 different parties and the simultaneous trade of the 3 aircraft through our client to the parties, including de-registrations and re-registrations in the U.S. Two of the aircraft were registered in countries other than the U.S. and the parties were on 5 continents. The point is that deals are being done, and foreign buyers are taking advantage of pricing on large aircraft. Attached is a press release with further information of interest. 4-28-2010 dBusinessNews We thank Jack Prewitt & Associates, Inc. for permitting us to announce the deal on our blog.