We provide legal advice and representation to clients as they purchase, sell and lease aircraft. We are prepared to represent airplane brokers, businesses and leasing agents in transactional aspects of the sale, purchase or lease of airplanes.
At the outset it is important to know that there are many different ways to gain access to an aircraft, whether for business or for pleasure. Each method carries its own legal, regulatory and tax implications. The options include leasing, sale leaseback, time sharing, an aircraft interchange, charter and various purchasing structures, including fractional ownership and partnerships.
Once a decision has been made regarding initial first steps, understanding the complex tax implications involved in owning an aircraft is essential. And of course there are liability considerations. Working with an aviation transactional lawyer during this process will result in identifiable savings and an appreciable risk reduction.