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Purchasing a private jet for personal use or buying a corporate aircraft for your company? Read our industry’s specialists’ advice to help you raise the finance required for your executive aircraft.
- Author:Kirsten Bartok
During a recent corporate jet finance conference, Hawker Beechcraft Corporation (HBC) announced that it has observed the overall cost of aircraft financing decrease throughout the past 24 months compared to prices seen during the economic downturn, with buyers enjoying greater access to aviation financing.
- Author:Stuart Hope
Here’s the scenario: An aircraft owner has decided to sell their jet and has listed it for sale with an aircraft broker. The owner’s insurance policy is up for renewal and he/she is thinking it might make sense to add it to the broker’s fleet insurance policy since they will now have care, custody and control of the aircraft.
- Author:Shannon Hope
One of the most common questions we get from pilots is “Am I covered to fly the aircraft?” The answer is not as cut-and-dried as it might be hoped. There is a crucial difference between being covered to fly an aircraft, and being approved to fly an aircraft. Let’s examine why it’s so important to understand this concept.
- Author:Keith Swirsky
The process of acquiring a used aircraft can go smoothly, or it can have bumps in the road. The bumps will generally relate to various issues, including, notably, coordinating the timing of all aspects of the transaction to allow a closing without delays. Imagine putting together a five-course dinner, and when the entrée and other courses are cooked to the right temperature, the baked potato has another thirty minutes left, turning a perfect meal into one that is less than ideal.
- Author:Greg Cirillo
An escrow is a vital transaction facilitator - particularly in aircraft purchases and sales because the parties, the funds and the registration documents are likely to be scattered throughout the world. Escrows in aircraft transactions provide three valuable functions: Validation, Logistics and Enforcement.
- Author:Gary Horowitz, Greg Cirillo
The little, overlooked, or forgotten pieces of a private aircraft transaction can derail an entire deal. This month, we’ll have a look at some of the things to watch for during an aircraft transaction to prevent molehills from turning into mountains.
A non-binding Letter of Intent (LOI) is usually the first step taken towards the sale/purchase of an aircraft, followed by a binding Aircraft Purchase Agreement (APA) between the buyer and seller. The LOI is a small and inexpensive document t
There are signs of hope in the aviation marketplace, with the slow return of financing and the apparent bottoming-out of aircraft values. Buying opportunities abound - but so do risks; and no situation is more frustrating than finding yourself “infected” by someone else’s bankruptcy.