Purchasing and Selling Aircraft
Our attorneys are available to assist with your aircraft purchase or sale by drafting and reviewing purchase agreements, advising on sales and use tax ramifications, and assiting with IRC Section 1031 Like-Kind exchanges.
Leasing your aircraft to others can be a good way to offset the fixed costs of ownership. However, there are a multitude of factors to consider when doing so. Our attorneys can create and customize the leasing documents you will need to memorialize your agreement, assist with the formation and implementation of an ownership structure which will allow you to legally and efficiently lease your aircraft, and guide you through the state and federal taxation issues and FAA compliance concerns that may arise.