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Resources For Flight Departments

April 9, 2024 in Buying Aircraft, Pilots, Selling Aircraft

Understanding the Business Deal – Used Aircraft Transactions

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…
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November 15, 2023 in Aircraft Registration, CPAs, Operating Regulations, Pilots

Reorganizing the Company? Check the Company Jet

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…
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October 4, 2023 in Aircraft Registration, CPAs, Operating Regulations, Pilots, Regulatory Issues

Disregarded Entities can Create FAA Problems

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…
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September 13, 2023 in Aircraft Registration, Attorneys, CPAs, Pilots, Regulatory Issues

Risk Management – Is your Aircraft Operation in Legal & Regulatory Compliance?

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…
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August 12, 2023 in Operating Regulations, Pilots

Structuring for Light Jets and Turboprops

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…
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June 14, 2023 in CPAs, Operating Regulations, Pilots

Do Your Aircraft Documents Need Updated?

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…
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February 2, 2023 in How to Articles, Operating Regulations, Pilots

NBAA Exemption – Small Aircraft Exemption

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…
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June 7, 2022 in Buying Aircraft, CPAs, How to Articles, Pilots

Family Offices: How To Create A Team Of Aviation Advisors When Purchasing A Jet

Executive Summary Below is an article that Michelle Wade first published on titled:  Family Offices:  How to Create a Team of Aviation Experts When Investing in a Jet  to help the family office team buy…
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April 20, 2022 in Pilots, Regulatory Issues

Pilot Records Database & the Corporate Flight Department

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…
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December 9, 2020 in Pilots

Business Aviation Security

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…
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June 23, 2020 in Buying Aircraft, CPAs, Pilots

The Easy Way to Buy Your First Jet

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…
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January 14, 2020 in Aircraft Registration, Attorneys, CPAs, Pilots

Aircraft Registration – Schedule an Annual Compliance Check

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…
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November 13, 2019 in Aircraft Registration, Attorneys, CPAs, Operating Regulations, Pilots, Regulatory Issues

Is Your Flight Operation in Legal and Regulatory Compliance?

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…
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October 13, 2019 in CPAs, Operating Regulations, Pilots

Questions to Ask if You Have an Aircraft Dry Lease

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…
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July 15, 2019 in Pilots, Regulatory Issues

Minimize Public Access to ADS-B Data

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…
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June 12, 2019 in Operating Regulations, Pilots, Regulatory Issues

Differences between Part 91 and Part 135 for the Aircraft Owner

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…
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March 13, 2019 in Operating Regulations, Pilots

RVSM Authorization Without an LOA

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…
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October 10, 2018 in CPAs, How to Articles, Operating Regulations, Pilots

How Does the FAA Define a Dry Lease?

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…
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July 17, 2018 in Operating Regulations, Pilots, Regulatory Issues

Does the FAA Allow a CEO Pilot?

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…
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June 12, 2018 in Operating Regulations, Pilots

Sharing Aircraft with a Timeshare

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…
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May 15, 2018 in Aircraft Registration, How to Articles, Pilots

Changing Your FAA Registration Number

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…
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February 27, 2018 in Buying Aircraft, Pilots

The Letter Of Intent Matters When Buying A Business Aircraft

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…
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February 13, 2018 in CPAs, Operating Regulations, Pilots

Regulatory Issues in Sharing Your Aircraft

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…
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January 2, 2018 in Attorneys, CPAs, Operating Regulations, Pilots

Avoid Increasing Risk When Segregating Business Jet Liabilities

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…
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Protect Your Investment with Jetstream

Buying or selling an aircraft can create a legal nightmare for business owners who don’t anticipate the kinds of problems that can arise. You don’t want to wait until a dispute arises about the condition or history of an aircraft, or damage to an aircraft occurs that may or may not be covered by insurance. That is why it’s important that you retain legal representation from an experienced aviation attorney.

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