ARTICLES

By: Lapayowker Jet Counsel

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 purchased in the U.S. was…

Your Plane Will Punish You… If You Don’t Behave

Plan Your Preowned Sales Process With Care WE SPEND OUR TIME HELPING AIRCRAFT OWNERS NAVIGATE the process of the sale and purchase of new and pre-owned aircraft. And there is one universal truth: You don’t really ever know if your aircraft has been cared for properly until it goes through a pre-purchase inspection in connection with its sale to the…

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Understanding Airworthiness Certificates

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 purchased in the U.S. was between U.S. companies. As a…

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

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 the aircraft’s purchase. While a LOI is a small document,…

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To Drive or Fly to Your Destination, That Is the Question

Hoofing it to that far away destination may be an alternative, but not a viable one. Flying, on the other hand, now that makes far more sense. Typically, most Americans figure they get things done faster because they have a car to get from point A to point B. Many of them also forget that they spend about half the…

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