Aviation |
AIRCRAFT TRANSACTIONS/FINANCE
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Wiley Rein is a leading law firm in the United States and internationally, representing corporate and individual clients, including airlines, charter operators, special purpose finance vehicles and owner-operators in their purchase, sale, finance, lease and ownership of new and used aircraft of all types.
Services include:
- Prepare and negotiate all transaction documents, including letters of intent, aircraft purchase agreements, loans, mortgages & security documents, leases, trusts, aircraft management agreements, charter contracts, hangar lease agreements, broker agreements, escrow agreements and time-sharing agreements.
- Structure and prepare aircraft joint ownership and co-ownership arrangements.
- Manage the aircraft transaction through delivery and closing, including registration of the aircraft with the Federal Aviation Administration (FAA) and the International Registry, lien releases and deregistration of aircraft for export transactions.
- Aviation regulatory compliance planning and assistance.
- Federal income tax planning for aircraft purchase, sale and ownership, including tax free 1031 exchanges.
- State sales and use tax planning for aircraft delivery and operation.
- Advise clients on transporting government officials and political candidates on private aircraft.
Representative Experience
A sampling of our business aircraft transactions includes providing representation to the following clients:
- Major public accounting firm in the acquisition of a Bombardier Global Express and provided aircraft management, charter and tax (income, excise and sales) planning advisory services.
- Alternative energy producer in the acquisition and tax planning of a Hawker 400XP.
- Oil field and drilling equipment manufacturer/supplier in the acquisition of a Gulfstream G450.
- Major U.S. investment bank in connection with the acquisition of Raytheon assets, including aircraft production and inventory.
- Japanese entrepreneur in the acquisition of a Gulfstream IV. Negotiated and structured ownership of the aircraft in trust to qualify it for U.S. registration.
- Low-cost carrier with general counsel services and representation in the sale of aircraft and multiple financing transactions.
- Large clothing chain with aircraft and tax planning services in connection with a Cessna CJ3 aircraft.
- Media producer and distributor in the sale of a Sikorsky S92.
- Major Japanese human resources outsourcing company in the purchase of a Gulfstream V and negotiated and structured ownership of the aircraft in trust to qualify it for U.S. registration.
- Real estate developer with leasing, management and tax planning advice relating to a Beechjet 400A.
- Private equity firm in the purchase of a Falcon 900B and provided related tax planning services.
- Leading aircraft management company in connection with multiple aircraft management agreements.
- Alternative fuel trader in the purchase of a Hawker 900XP, including ownership planning, financing, management, charter, hangar and tax planning.
- Government and commercial aviation service provider in the acquisition of multiple aircraft and commercial charter arrangements.
- Japanese entrepreneur in the acquisition, finance and lease of a Gulfstream G450 and contract negotiations for the purchase of a Gulfstream G650.
- Manufacturer/distributor of seasonings and condiments in the acquisition of a Gulfstream G550 and negotiated and structured ownership of the aircraft in trust to qualify for U.S. registration.
- Investment firm in the acquisition and sale of aircraft and U.S. regulatory compliance.
- Manufacturer and distributor of equipment to multiple industries in the acquisition of aircraft and negotiation of aircraft trade-in.
- Charter operator in the acquisition and financing of a fleet of Fairchild Dornier 328Jets.
- Investment bank in the acquisition, sale and tax planning of multiple aircraft.
- Steel products manufacturer in acquisition and sale negotiations for multiple aircraft.
- Large U.S. frozen vegetables supplier with tax planning services relating to a CitationJet 650.
- Corporate charter operator in the acquisition of multiple aircraft.
CURRENT NEWSLETTER
AIRWORTHY: INSIGHTS INTO CURRENT AVIATION LEGAL ISSUES
ISSUE: JUNE 2010
IN THIS ISSUE
- The Critical Transition from New Aircraft Buyer to New Aircraft Owner
- From Counseling to Civil Penalties: A Look at FAA Enforcement
- Take Back That Jet: Managing Turbulence in Aircraft Repossession
- Aircraft Leasing and Predominant Business Use: IRS Adds a Few New Wrinkles
- DOT to Tackle Charter Broker Regulation
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Myth-Busting: Sales & Use Taxes in Private Aircraft TransactionsJuly 2010
