Corporate Aviation Articles

Title Summary
Aerlex Law Group Critical Issues with the Pending Federal Tax Reform Legislation With the recent passage of the Tax Cuts and Jobs Act by the United States Senate, many in the aviation industry have been discussing the impact the new legislation may have on business aviation. Aircraft buyers and sellers will both be impacted by the bill. Until the discrepancies between the House of Representatives and Senate versions of the bill are resolved and signed into law, we will not...
Aerlex Law Group Buyer Beware: Prepaid Charter Programs 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 run by a charter operator which had received a high rating from a third...
Book a Private Jet Charter to Find Your Ideal Aircraft Book a Private Jet Charter to Find Your Ideal Aircraft With so many private jets for sale, the best way to find your ideal aircraft is to try before you buy with a private jet charter from Air Charter Service (ACS). With over 50,000 available, we’ll find the exact model you’re after. Here are some of the best jets for sale on Business Air that you can try for yourself with ACS. Hawker Beechcraft 900XP The Hawker Beechcraft 900XP is...
Replacing Your Aircraft? 8 Factors To Consider 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 important factors to consider: Ownership structure – Presumably, when the...
What should lessors realize to gain 20% ROI from mid-age aircraft? The civil aviation market is expected to grow by 5% annually, creating the demand for around 40,000 aircraft in the next two decades, according to estimates of both Airbus and Boeing. This provides plenty of opportunities for lessors, but the aircraft leasing market is a highly competitive field, and high returns are not always possible. How to be successful in such a challenging market? AviaAM...
Your Learjet. Your Legacy. The annual NBAA Business Aviation Convention and Exhibition typically marks the end of the year from most in Business Aviation. Even though we still have a few months of business after the event, it’s certainly a time of reflection and comparison if we’re honest. Where were we last year during this time? What has happened since the NBAA conference last year? Taking it back to the...
Wheels Up A Revolution Has Taken Flight In 2013, Kenny Dichter saw an opportunity to further democratize private aviation, creating a membership model that leverages technology, value and exclusivity on the King Air 350i. In just four short years, Wheels Up has positioned itself as a viable competitor in the industry, growing from a small disruptive start-up to a category leader that has broadened the addressable market, making it...
Aerlex Law Group Aircraft Owner Trust Succession 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 ultimate aircraft owner). In a situation such as...
Aerlex Law Group The Letter of Intent to Purchase an Aircraft: What’s the Purpose? Is it Necessary? 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...
Aircraft Lending – A Niche Market 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 turboprop or light jets valued at less than $1 million, while...