Aviation Transaction Structuring

Drafting and negotiating aircraft purchase and sale documentation as well as fractional governing documents
Purchase and sale documentation for a whole aircraft or a fractional aircraft (program governing documents) is one of our core services. Members of the Business Aircraft Group have handled in excess of a thousand transactions...an incomparable number of deals. Our capabilities and services set the standard, and the breadth of our experience outpaces the market by volumes.

We facilitate the deal, break impasses and work cooperatively with brokers/dealers and other interested parties. We have solid, established relationships with a large segment of the U.S. market brokers and dealers, lenders, management and charter companies, and others who may have a bearing on your transaction. These relationships allow for more cooperative negotiations and a higher level of trust among the various parties to the deal. The benefits can be seen in every deal.

  • Critical First Steps in Buying and Selling an Aircraft
  • Cape Town Treaty
  • Private Air Travel Options in the 21st Century
  • Business Jet Ownership - There's Never Been a Better Time

 

Assisting in aircraft broker, lender, management/charter company and insurance selection and negotiations
We regularly assist our clients in selecting aircraft brokers, lenders, management/charter companies and insurance brokers. We also negotiate broker agreements, bank term sheet and loan documentation, and management/charter company term sheets and definitive documentation.

GKG Law is a member of NBAA, NARA, NAFA, NATA, HAI and many other industry trade associations. We take leading roles in these organizations and get to know the membership in both social and educational settings. This involvement has allowed us to develop relationships with the executive leadership of the best companies in the industry.

Our clients benefit from our ability to make introductions and referrals to them of the entire "team" of resources that they will need to commence and conclude their aircraft purchase transaction and place their aircraft in operation.

  • Charter Management: New Directions from the FAA
  • Charter Management and the FAA: An Update

 

Creating a coordinated strategy for federal and state taxes, FAA compliance and liability protection planning
The key to creating an aircraft acquisition, ownership and operating structure is the ability to reconcile all of the competing tax, FAA and liability protection planning issues. Our attorneys are frequently sought as expert speakers on these topics.

The Business Aircraft Group attorneys are trained to handle all of these issues; we do not need to involve different "tax group", "aviation group" and "general corporate" lawyers. We provide one-stop shopping with the highest level of expertise and cutting-edge planning. We know how to balance the competing issues and offer our clients optimal finely tuned structures and planning advice.

  • Properly Structuring the Acquisition and Operation of Business Aircraft (Part 1)
  • Properly Structuring the Acquisition and Operation of Business Aircraft (Part 2)
  • Charter Management: New Directions from the FAA
  • Charter Management and the FAA: An Update
  • Income Tax Implications of the Revisions to Op Spec A008 Did the FAA
  • Raise Your Taxes?
  • Cape Town Treaty
  • IRS Publishes Guidance for Calculating Disallowance of Expense Deductions
  • for Recreational Use of Corporate Aircraft
  • Maximizing Federal Tax Deductibility of Aircraft Operating Expenses
  • Reimbursement for Personal Use of a Business Aircraft: The FAA vs. The IRS
  • A Primer on Aircraft Related Depreciation and Operating Expense Deductions
  • Private Air Travel Options in the 21st Century
  • Use of Special Purpose Entity for Aircraft: A Trap for the Unwary
  • Personal Use of Corporate Aircraft: Loss of Tax Write-Off's
  • The Great Aircraft Tax Shelter: Careful Planning Required
  • Assessing Aircraft Ownership Options Available Today
  • Is Getting an FAA Charter Certificate for You?
  • Obtaining Authority to Conduct On-Demand Air Charter Operations Under Part 135
  • Charging for use of Corporate Aircraft: Federal Excise Taxes

 

Conducting business valuations and purchase/sale transactions of aviation industry companies
Unique to the GKG Law Business Aircraft Group, our attorneys are heavily experienced in conducting aviation purchase and sale transactions and providing valuation consulting. With over 20 years experience in conducting mergers and acquisitions, and with strong skill sets in tax and commercial law issues, we are uniquely qualified to structure and document purchase and sale transactions.

We have provided counsel to many management and charter companies - large and small. We are adept at negotiating term sheets, conducting due diligence, and preparing and concluding negotiations on purchase and sale and all ancillary documentation. We provide business advice, not just legal services.

  • Business Jet Ownership - There's Never Been a Better Time