Aircraft transactions (including helicopters) can be varied in their nature and scope. The sophisticated purchaser or seller of an aircraft will incorporate the representations of a legal professional familiar with the many considerations unique to the aviation industry. The type of transactions which often require representation are purchase and sale transaction of both whole or fractional aircraft. There are many considerations depending upon if the transaction is a U.S. domestic transaction or if there is an international aspect. Our legal professionals are familiar with both U.S. domestic and international transactions. In additional, the following types of transactions are commonly addressed:
- Leasing arrangements both long and short-term
- IRC§1031 Like-Kind Exchange transactions
- Block time purchase and sale arrangements for non-commercial Part 91 aircraft
- Co-ownership arrangements
- Joint use agreements
The foundation of a successful transaction is planning for and addressing the unique considerations of each transaction. We are well versed in addressing the issues for a successful outcome.