With airplane prices dropping recently, we have seen an uptick in purchases of corporate aircraft by our clients around the footprint. Clients have realized the benefits of owning their own airplanes, such as being able to control their travel schedules, save money and time by avoiding crowded airports and commercial flightsand keep work trips efficient and productive by minimizing hotel stays and other travel expenses. Before purchasing a corporate aircraft, however, businesses should make sure that they have an experienced business aviation lawyer involved in the process in addition to any broker that may be handling the purchase. An experienced aviation attorney will be knowledgeable in the differences between aircraft purchases and other asset purchases, will be familiar with federal aviation regulations and state tax rules, and will understand the FAA and International Registry registration processes.