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 when 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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If you are contemplating purchasing, selling, or leasing a business aircraft or private jet, you want to do it right. Planning ahead for a purchase can prevent costly and unpleasant surprises down the road. Advance planning can provide you with certainty that you will be able to use your aircraft to maximum benefit, and at the same time comply with proper ownership and operational requirements.
You should also plan ahead for a sale to ensure a smooth selling process and avoid being jilted by your buyer.
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Aviation is all we do.
Buying or selling an aircraft can, at times, be a lengthy and complicated process. An experienced aviation attorney can guide you through the process and complete all necessary steps as quickly and efficiently as possible.
Every aircraft purchase and sale is unique, and a personalized consultation and preparation of your documents helps avoid problems with this high-value purchase. Without the assistance of an experienced attorney, the risk of missing an important step is high, and the financial, legal, and tax consequences can be significant.