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Purchase Agreement Aircraft Sales

Vedder Price

Global Transportation Finance Newsletter - May 2019

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In This Issue: Buyer Beware: Court Upholds Punitive Damages Waiver in Case Alleging Fraud for “New” Aircraft Sale - Embraer v. Dougherty Air Trustee: Avoiding Foot Faults in Your Residual Value Guarantee Contract - ...more

Holland & Knight LLP

John Hoover Testifies for NBAA at IRS Hearing on Bonus Depreciation Regulations

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The Internal Revenue Service (IRS) held a hearing on Nov. 28, 2018, regarding its proposed bonus depreciation regulations. Holland & Knight Partner John Hoover testified on behalf of the National Business Aviation Association...more

Burr & Forman

Buying a Corporate Jet? Talk to Us First!

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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...more

Bradley Arant Boult Cummings LLP

Aircraft Purchase, Ownership and Operation: Protecting the Interests of a Family Business Owner – Part 2

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

Bradley Arant Boult Cummings LLP

Aircraft Purchase, Ownership and Operation: Protecting the Interests of a Family Business Owner – Part 1

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

Vedder Price

Global Transportation Finance Newsletter - August 2018

Vedder Price on

In This Issue: - EU Risk Retention Undertakings in U.S. General Equipment ABS: Evolving Market Practice - PDP Financing: An Overview - Tax Reform’s Impact on Transportation Finance Transactions EU Risk Retention...more

Holland & Knight LLP

Courts Consider "Airworthiness" Requirement and "As Is Where Is" Disclaimer

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Courts continue to analyze the term "airworthy" and its implications. Recently, a District Court in the Western District of Tennessee weighed in on the scope of the term "airworthy" and its sometimes complicated relationship...more

Holland & Knight LLP

District Court Evaluates Express Warranty of "Airworthiness" - Texas Court Determines That "Airworthy" Is an Unambiguous Term That...

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In Luig v. North Bay Enterprises, Inc., a Texas District Court recently considered a seller's obligation to deliver an "airworthy" aircraft in the context of an aircraft purchase agreement that also contained an "as is"...more

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