ARTICLES

By: Lapayowker Jet Counsel

Buying an aircraft is usually expensive enough, but in our experience there are some key things that can push legal fees higher than expected. Most are behaviors that can be avoided with the proper gameplan at the inception of the transaction.   1. Advisors, representatives and others involved go outside their “swim lanes.”   We see…

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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The Real Truth About Business Aviation

Business aviation is not about flying in the lap of luxury at the drop of a dime. It’s about keeping the nation moving in more ways than one. Unfortunately a great many people in America think that corporate jets are the toys for the boys behind the desks of big companies. While it is true that corporate America does use…

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