You have settled on a price, and both sides want to close quickly on a used aircraft transaction. What is left to discuss? More key business points than decision makers may initially realize. The terms of…
Read More
CHANGE HAPPENS The company is changing, whether it is due to industry changes, re-alignment or re-organization. Don’t add a problem by reorganizing your way out of regulatory compliance with the FAA regulations governing the ownership and…
Read More
Using a disregarded entity in your aircraft structure can be an excellent option for tax planning, however it is essential to consider FAA concerns. The FAA recognizes all entities as separate, even those that may be…
Read More
Facts Change Risk can be introduced into a flight department by any change, whether it is new personnel, new aircraft, or a business change to the entities that own or operate the aircraft. Best practice is…
Read More
Considering adding a light jet or turboprop to your fleet? Be sure to carefully consider how the structure for that aircraft may need to be different than the structure used for other aircraft. There are several…
Read More
How do you determine if your aircraft documents need updated? Ask Questions! Do you have any of the following aircraft documents? Aircraft Dry Lease Pilot Services Agreement Management Agreement Aircraft Timeshare Aircraft Interchange Have any of the…
Read More
The NBAA Exemption (Exemption 7897L), also known as the NBAA Small Aircraft Exemption, was renewed in 2022 and now extends until March 31, 2024. WHAT IS THE NBAA EXEMPTION FAR 91.501 applies to operation of large (aircraft of more…
Read More
Executive Summary Below is an article that Michelle Wade first published on Forbes.com titled: Family Offices: How to Create a Team of Aviation Experts When Investing in a Jet to help the family office team buy…
Read More
Applicability of the Pilot Records Database to Corporate Flight Departments The FAA recently adopted final regulations governing the new Pilot Records Database (PRD). This effort is meant to modernize the pilot record sharing that currently occurs…
Read More
Business aircraft can provide a unique level of privacy and security, but they also represent a potential high value target for criminals and terrorists. Assessing your business aviation security risk, and implementing mitigation strategies, can reduce…
Read More
Thinking about Buying your First Jet? When you buy your first jet, save time and money by utilizing processes and techniques that others successfully utilized to purchase and operate their first plane. Use these processes and…
Read More
Were the annual reports timely filed with the Secretary of State for all entities in the chain of ownership of the aircraft? Were the annual reports timely filed with the Secretary of State for all entities…
Read More
Facts Change Risk can be introduced into a flight department by any change, whether it is new personnel, new aircraft, or a business change to the entities that own or operate the aircraft. Best practice is to…
Read More
Review Your Facts & Your Leases Check your business entities and financial operations for any changes which may affect your compliance with the Federal Aviation Regulations (FARs), tax and regulatory requirements. What Information Do You…
Read More
While Automatic Dependent Surveillance-Broadcast (ADS-B) provides clear safety and efficiency benefits to business aviation, there are lingering privacy concerns. With the proliferation of relatively inexpensive ADS-B receivers, your real-time and historical flight information is likely available…
Read More
How to Determine whether an Aircraft Owner flies Part 91 or Part 135 Your friends fly all of their flights Part 135 (charter) and you fly all of your flights Part 91 (private). Whether an aircraft…
Read More
Under new regulations that became effective on January 22, 2019, Part 91 operators now have a path to authorization for RVSM operations without the need for a Letter of Authorization (LOA). Aircraft meeting the equipment requirements…
Read More
Do you know what a dry lease means to the FAA? Many people believe it means a lease of an aircraft without fuel. However, the real definition of a dry lease is a lease of an…
Read More
Does the FAA allow your CEO to pilot the plane? Business entities are intertwined and complex. Fortunately, a December 2017 FAA interpretation (Procopio, December 28, 2017) clarifies that if you follow the FAA regulations, the FAA…
Read More
Today’s budget-conscious company can inadvertently create an aircraft operating structure that is not in compliance with the Federal Aviation Regulations (FARs) and not covered by the insurance policy. One example involves trying to “timeshare” the aircraft…
Read More
For some, choosing a new N Number is more exciting than choosing a personalized license plate. However, there are several steps involved in the process and you must take into account the timing involved and the…
Read More
You are a buyer searching for the right aircraft, you have finally found it, and you are calling your broker to get that standard form offer or letter of intent (LOI) sent out with your offer…
Read More
Do you own a jet and want to let your friends use the aircraft and pay you to cover costs (not to make a profit)? There are several options to help meet your goals. Regulatory compliance…
Read More
Be Aware of FAA Regulations to Reduce Risk of Non-Compliance Corporations which own or operate business jets want to minimize liability and protect the rest of the corporate assets from liability due to aircraft ownership and…
Read More
