10 Steps to a Successful Airplane Purchase
It’s a complex process, but these tips can make it a bit simpler while increasing the chances that all will go well.
October 2020
So, you’ve decided to buy a factory-new airplane. Congratulations. Now the decision-making begins. Purchasing a new airplane can be even more complicated than designing and building a luxury home. But don’t be deterred. Following these 10 simple steps will help you maximize the productivity and enjoyment you get from your new “time machine” and avoid a contrail of tears in the future.
1. Build your acquisition team.
Unless you’re well-versed in all realms of aviation tax and liability law, finance, insurance, brokerage, maintenance, and operations, you need a specialized team of experts to guide you through the purchase process and make key decisions, such as how to structure aircraft ownership. This expertise differs from what you may have required for your non-aviation businesses or assets. Go