As discussed in Part 1 of this series, the first step in purchasing a private aircraft typically involves the preparation of a letter of intent (LOI) or other nonbinding offer for the purchase of the aircraft. The LOI sets...more
9/13/2018
/ Aircraft Sales ,
Aviation Industry ,
Business Ownership ,
Contract Drafting ,
Family Businesses ,
Federal Aviation Administration (FAA) ,
Inspections ,
Letters of Intent ,
Purchase Agreement ,
Purchasers ,
Sellers
Access to private aircraft can provide productivity and other benefits for a family-operated business and improve the quality of life for the business owner and his family. However, purchasing, owning and operating a private...more
8/23/2018
/ Aircraft ,
Aircraft Sales ,
Allocation of Liability ,
Aviation Industry ,
Brokers ,
Business Ownership ,
Family Businesses ,
Federal Aviation Administration (FAA) ,
Letters of Intent ,
Purchase Agreement ,
Purchasers ,
Regulatory Requirements ,
Sellers ,
Small Business