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BusinessAir Magazine

BUYER BEWARE: Prepaid Charter Programs

Posted by on Dec 13, 2017 in Articles, BusinessAir Magazine, The Latest

BUYER BEWARE: Prepaid Charter Programs — Originally published in BusinessAir Magazine, November 2017, Volume 27, No. 11. In the past six months, I have had three separate clients with problematic issues related to three separate prepaid charter programs. It is disturbing to have so many concerns in such a short period of time with three different private jet service providers. In the first matter, my client paid in advance for a card program...

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Replacing Your Aircraft? 8 Factors to Consider

Posted by on Nov 21, 2017 in Articles, BusinessAir Magazine, The Latest

Replacing Your Aircraft? 8 Factors To Consider — Originally published in BusinessAir Magazine, September 2017, Volume 27, No. 9. Many current aircraft owners have decided that 2017 is the year to replace their aircraft. With pre-owned prices and residual values for their current aircraft skewing lower, many owners are upgrading to larger, newer preowned aircraft. When replacing a current aircraft with another aircraft, there are a number of...

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Aircraft Owner Trust Succession

Posted by on Nov 1, 2017 in Articles, BusinessAir Magazine, The Latest

Aircraft Owner Trust Succession — Originally published in BusinessAir Magazine, August 2017, Volume 27, No. 8. Over the past several months, many aircraft owners who own their aircraft through an owner trust have been notified that the trust company that serves as the trustee of the trust (“Owner Trustee”) is resigning as trustee. The standard trust agreement allows the Owner Trustee to resign upon 30 days written notice to the Trustor (the...

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The Letter of Intent to Purchase an Aircraft

Posted by on Sep 12, 2017 in Articles, BusinessAir Magazine, The Latest

The most common first step in the acquisition of an aircraft is for one of the parties, usually the buyer, to prepare and submit a letter of intent (“LOI”) to the other party. The main reasons for using an LOI are to express each party’s understanding of the basic terms of the transaction and to commit those terms to writing, at the outset, to confirm that the parties really have reached a meeting of the minds on those basic terms. For aircraft...

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Aircraft Lending–A Niche Market

Posted by on Aug 3, 2017 in Articles, BusinessAir Magazine, The Latest

Aircraft Lending–A Niche Market — Originally published in BusinessAir Magazine, June 2017, Volume 27, No. 6. Lately I’ve noticed that most aircraft lenders seem intent on carving out their own niche for lending. By that, I mean that most lenders are catering to a certain type of transaction rather than trying to be available to finance all types of aircraft transactions. Some lenders are focusing on aircraft transactions that are for...

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Preparing for an Aircraft Purchase

Posted by on Jul 6, 2017 in Articles, BusinessAir Magazine, The Latest

Preparing for an Aircraft Purchase: How to Become the Most Prepared and Qualified Buyer — Originally published in BusinessAir Magazine, May 2017, Volume 27, No. 5.   As the supply for quality pre-owned aircraft inventory has begun to shrink (especially in certain large cabin models), I see more buyers devoting time to advance preparations to ensure that they are perceived by sellers as the most qualified, attractive buyer. If you are in...

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