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BusinessAir Magazine

Aircraft Registration Numbers: Personalized “Plates” for Aircraft

Posted by on Feb 9, 2017 in Articles, BusinessAir Magazine, The Latest

Aircraft Registration Numbers: Personalized “Plates” for Aircraft — Originally published in BusinessAir Magazine, December 2016, Volume 26, No. 12. First-time aircraft buyers looking at a potential acquisition may not realize that the registration number painted on the fuselage or vertical stabilizer of the aircraft can be changed and personalized by the new owner. “Tail numbers” – the name often used when referring to aircraft...

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FLIGHT DEPARTMENT, MANAGEMENT COMPANY OR HYBRID?

Posted by on Nov 30, 2016 in Articles, BusinessAir Magazine, The Latest

FLIGHT DEPARTMENT, MANAGEMENT COMPANY OR HYBRID? — Originally published in BusinessAir Magazine, November 2016, Volume 26, No. 11.   Aircraft owners have three options for managing their aircraft: hiring a management company to manage everything, including crew, maintenance, maintenance program management and insurance; creating their own flight department and handling all management tasks themselves; or selecting a customized hybrid of...

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Upon Receipt of the Inspection Report…

Posted by on Nov 10, 2016 in Articles, BusinessAir Magazine, The Latest

Upon Receipt of the Inspection Report… — Originally published in BusinessAir Magazine, October 2016, Volume 26, No. 10. In most cases, when purchasing a preowned aircraft, the buyer pays for a pre-purchase inspection in order to evaluate the condition of the aircraft. A pre-purchase inspection normally consists of a complete review of the aircraft’s records and a survey of the aircraft’s current condition. Depending on the type of...

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Aircraft Ownership: Structure Matters

Posted by on Oct 14, 2016 in Articles, BusinessAir Magazine, The Latest

Aircraft Ownership: Structure Matters— Originally published in BusinessAir Magazine, September 2016, Volume 26, No. 9. Individuals and companies that are purchasing aircraft are often concerned about liability. When purchasing assets other than aircraft, it may make sense to set up a sole purpose limited liability company or corporation for the purpose of owning the asset in order to limit the potential liability associated with that asset....

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The Buyer Financing Contingency: Worth a Seller’s Consideration

Posted by on Sep 20, 2016 in Articles, BusinessAir Magazine, The Latest

The Buyer Financing Contingency: Worth a Seller’s Consideration — Originally published in BusinessAir Magazine, August 2016, Volume 26, No. 8. When purchasing a pre-owned aircraft, a buyer, in many cases, may plan to finance some or all of the purchase price for the aircraft. If financing isn’t available through a commercial lender, the buyer may be willing to pay cash for the acquisition. But the buyer may also decide not to move forward with...

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Why Aircraft Buyers Should Show Up for the Closing of their Purchase

Posted by on Aug 18, 2016 in Articles, BusinessAir Magazine, The Latest

Why Aircraft Buyers Should Show Up for the Closing of their Purchase — Originally published in BusinessAir Magazine, July 2016, Volume 26, No. 7.   Deal after deal, there seem to be reasons why NOT being at the delivery location makes sense to buyers. The aircraft is going into immediate refurbishment or paint at its current location; no one is available on the day of closing to go to the delivery location; the aircraft will be flown to...

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