The Offer to Purchase provides a roadmap to the key elements of the purchase agreement.
Represented aircraft owner in connection with the simultaneous fleet transition involving the acquisition and trade in of 12 business aircraft.
Represented an aircraft owner in connection with arrangements for having its aircraft appear in the MGM major motion picture James Bond 007 Casino Royale starring Daniel Craig.
Letters of Intent/Offers to Purchase an Aircraft
A Letter of Intent (also referred to as an Offer to Purchase) provides a roadmap to key elements of the purchase agreement.
Letters of Intent typically address the following terms and conditions:
- Aircraft description
- The purchase price of the aircraft
- Visual inspection process and location
- The scope of the pre-purchase inspection and identification of the inspection facility
- The deposit and identification of the escrow agent
- Delivery conditions
- Timing of execution of the purchase agreement
Failing to include important terms could result in misunderstandings when the purchase agreement is drafted.
KEEPING YOU ON COURSE
We are experienced in working with tax, legal and financial advisors of companies of all sizes in addition to family offices, to implement appropriate operating structures and planning objectives. For first time business aircraft buyers, we can quickly assemble a team of experienced industry professionals and others to assist the client with business, technical and other aspects of an aircraft purchase and ongoing aircraft management under Parts 91 and/or 135 of the Federal Aviation Regulations.
THE RIGHT TEAM. THE RIGHT DEAL.
Whether it’s getting to a distant office on the other side of the country to handle a production problem, sending sales teams for training on a new avionics model, or getting a critically ill person to the nearest high tech medical facility, business aviation is crucial to America’s well-being.
- Stewart Lapayowker