Our Resources

Private business jet travel offers numerous advantages over airline travel: convenience, time-savings, control over scheduling, confidentiality, security, a controlled environment to conduct business and, of course, comfort and luxury. But for the relative cost disparity, everyone would fly private rather than commercial. For those in the pre-owned business jet market, buyers have never been able to capture as much utility as the current, depressed market affords.

Read More

As a wealth manager to individuals, families and their companies, either you do now or eventually you will represent clients that own, lease or otherwise use business aircraft. Thanks to our excellent relationships with wealth management concerns worldwide, over 3 decades we have developed an impressive portfolio of UHNW and HNW clients to whom we provide legal, tax and financial advisory services in connection with their business aviation matters. We are keenly aware of the issues most important to wealth managers in serving their valued clients. The following are several questions we recommend wealth managers have their clients consider.

Read More

Even after 5+ years in a ponderous slump, the pre-owned US corporate jet market remains the global leader in unprecedented buying opportunities. From class to class, pre-owned inventories are at or near their all time highs. Accordingly, prices are 30%-50% of what they were in 2006-07. Many predicted the tide would turn by 2012. It hasn’t, and doesn’t appear to be any time soon.

Read More

On February 21, 2012, the United States Supreme Court refused to grant certiorari in the case of Aerolease v. Vreeland (Docket No. 11-728), and in doing so leaves defendant aircraft owners, lessors and lenders in some states exposed to liability for injuries to passengers occurring when the aircraft is not in the defendant’s possession or control. This outcome is of critical importance not only to institutional financiers of commercial and business/private aircraft, but also to owners and lessees of business/private aircraft who make their aircraft – whole and fractional – available to others by lease, sublease, master dry lease, conditional sales agreement, or other arrangement.

Read More

The development and implementation of an optimal corporate aircraft ownership and operating platform call for a comprehensive and integrated analysis of several highly-nuanced subjects. Income, excise, sales, use and property taxes are ever-present concerns in structuring the platform. Protecting one’s assets from aviation liabilities obviously is of great importance. The Federal Aviation Regulations – primarily Parts 91 and 135 – must be adhered to, sometimes to the detriment of tax planning and liability limitation strategies.

Read More