AVIATION LAW BLOG

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…

We Would Have Told Elvis That He Had a Problem

Top officers at large companies and ultra high net worth individuals, like celebrities, are often surrounded by trusted managers, advisers and others.  Although the aircraft is a business asset, it  also is typically a purchase in which the principal has personal and intimate involvement.   This can result in direct participation by the principal in…

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Tail Number Changes, Tail Number Changes, Tail Number Changes! Oh My!

It is not uncommon for an aircraft buyer to want to change the registration number on an aircraft, and it is similarly common for a seller to want to “retain” the registration number of the aircraft that he or she is selling if it has personal meaning or for other reasons.  Unfortunately, changing the registration…

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"But it Was Just Spray Paint!"

The Federal Aviation Administration (FAA) recently issued proposed civil penalties ranging from $63,000 to $91,000 against three companies for alleged violations of Hazardous Materials Regulations (HMR). One such violation was for failing to properly mark a box containing two 12-ounce cans of spray paint. http://www.faa.gov/news/press_releases/news_story.cfm?newsId=16794&omniRss=press_releasesAoc&cid=102_P_R Applicable Hazardous Materials Regulations are complex and require the proper marking,…

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Would Aircraft Transaction Mediation Help You?

Aircraft transactions are getting done, but often the deals are much more difficult to sign or close.  Sometimes, the parties are just “stuck” on an issue during the pre-purchase inspection, after it, or right before closing.  Sometimes one party may be less experienced with what is “customary” or “market” or “industry standard,” or what a…

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