Corporate Aviation Articles

Title Summary
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...
The Chao Report - A Status Report of Aviation in China - June 2017   2017 SICHUAN AIRSHOW The 2017 Sichuan International Aerospace Exhibition 2017 will be held from September 29th to October 3rd at the Chinese Civil Aviation Flight University in Deyang City. The two venues for this year’s airshow will be the Guanghan Airport and the Deyang International Exhibition Center. This year’s guest nation of honor is the Czech Republic.   94...
Aerlex Law Group Preparing for an Aircraft Purchase: How to Become the Most Prepared and Qualified Buyer 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 the market for an aircraft and want to expedite your purchase and closing, consider taking the following steps prior to...
Chao Report The Chao Report - Monthly Status Report of Aviation in China for May 2017 China’s National Development and Reform Commission Announces GA Demonstration Centers in 26 Cities Hoping to realize what it sees as the enormous potential of the general aviation industry, China’s National Development and Reform Commission (NDRC) recently published “Ideas Regarding the Construction and Implementation of General Aviation Demonstration Centers”. The new...
FAA Tips for International Flying Flying internationally always requires more planning than domestic travel. If you are intending to fly for an extended period of time in a particular country, then there may be additional requirements depending on the country you are operating in. Below are some general guidelines for flying outside the United States. Obtain all the permits/permissions required by the country you intend to...
Aero & Marine Tax Professionals 7 Tips for Smart Aircraft Purchases Top Aviation Attorney Shares His Experience for Buying Aircraft By Thomas Alston Aircraft are never a small purchase, and the price tag gets very big, very fast. Like any big purchase, you need to be smart about the process from start to finish. That means assembling the right team of experts to help you through every step of the way. The right lawyer is a lynchpin member of that team, and...
Aerlex Law Group Weighing Your Options When Your Aircraft Won't Sell Recently, I had a longtime client looking for alternatives for his aircraft, which had been listed for sale far longer than he ever expected. My client no longer wanted to own the aircraft, but was unwilling to consider the low offers being presented by interested buyers. Continuing the pattern of recent years, in 2017 certain aircraft categories are saturated with excess planes for sale. When...
Aerlex Law Group Hiring a Crew for Your Aircraft Aircraft owners often opt to hire a management company to assist them in operating, maintaining and managing every aspect of aircraft ownership. Recently, however, a number of my clients have decided when purchasing their aircraft to start their own flight department rather than using a management company, or to use a management company with more limited services. As a result, these clients...
Qualifying for U.S. Aircraft Ownership: Not as Simple as it Seems Qualifying for U.S. Aircraft Ownership: Not as Simple as it Seems Are you eligible to own an aircraft registered in the United States? The United States Code (or “U.S.C.”) enacted by the U.S. Congress establishes the ownership requirements for civil aircraft registered in the United States. A U.S. registered aircraft can be owned by (i) a person or entity who meets the definition of “Citizen of the United States” as set forth in 49 U.S...