Premiere of Plane Talk Radio

By Stewart Lapayowker | October 13, 2010

Just a reminder to join us for the premiere of PlaneTalkRadio on October 14, 2010 at 12:30pm Eastern, hosted by Stewart Lapayowker! http://www.blogtalkradio.com/planetalkradio

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Stewart Lapayowker selected for inclusion in 2011 edition of The Best Lawyers in America

By Stewart Lapayowker | August 16, 2010

Stewart Lapayowker was selected for inclusion in the 2011 edition of The Best Lawyers in America the areas of Corporate Law and Transportation Law.

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Go for the "Fizzle"

By Stewart Lapayowker | June 30, 2010

What should you look for in a good, successful, closing?  Strangely, a fizzle.  That’s right, a fizzle. Those familiar with aircraft transactions know that the consummation of an aircraft purchase or sale occurs typically on a conference call with all relevant parties on the call with an escrow agent, a...

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Proper Planning for Aircraft Acquisition

By Lapayowker Jet Counsel | May 28, 2010

When considering the purchase or lease of an aircraft for personal or business travel needs, companies need to carefully examine their proposed expectations in aircraft use. This is essential because they will need to accurately estimate the anticipated tax and regulatory costs and will wish to determine how to best...

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Understanding Airworthiness Certificates

By Lapayowker Jet Counsel | May 28, 2010

When acquiring a corporate aircraft, buyers must be aware of the various requirements that will be necessary to complete the purchase and make use of the aircraft. Under FAA guidelines, an aircraft may not operate in flight without a Certificate of Airworthiness. In the past, most corporate aircraft sold and...

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Registrations of Aircraft under Non-Citizen Owner Trusts Resumes

By Stewart Lapayowker | May 14, 2010

Yesterday,  FAA Chief Counsel David Grizzle distributed the attached letter.  FAA Letter. In summary, he is instructing FAA Aeronautical Counsel’s office and the registry to proceed with non-citizen trust registrations consistent with past practice.  While the FAA is reviewing their issues of concern, the FAA is committing to involve industry...

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FAA Halts Non-U.S. Citizen Owner Trust Registrations

By Stewart Lapayowker | May 7, 2010

Yesterday, the FAA Aeronautical Counsel Center’s office halted approval of non-citizen owner trusts and directed the FAA examiners office to cease processing registration of aircraft by those trusts.   Industry participants are attempting to enter into a meaningful dialogue on the matter.   There has not as yet been any clarification as...

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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...

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The Importance of a Letter of Intent When Purchasing a Corporate Aircraft

By Lapayowker Jet Counsel | April 11, 2010

When purchasing a corporate aircraft, there are several important steps that must be taken after a buying team has been established. First among these important steps is the creation of a Letter of Intent (LOI). The buyer and seller should work closely together to negotiate and sign the LOI for...

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Firm to Contribute to Corporate Angel Network for Each Transaction

By Stewart Lapayowker | March 7, 2010

The Corporate Angel Network, a non-profit organization, matches cancer patients with business aircraft operators so that empty seats may be used to transport patients and their families to facilities for life-saving treatment.  If you haven’t seen their promotional video, you can do so by going to www.corpangelnetwork.org.  It is  our...

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