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The basics of aircraft management & operating contracts for owners & potential owners. The adage "it's not a problem until there is a problem" is particularly true of aviation. Only when things go wrong, do you wish they had been written down. The other truism is that the aggrieved almost always go after the entity with the most money - you! A contract should be in place to protect your interests and establish your expectation of the Company managing & operating your aircraft. The contract, as a minimum, should address the following items: Specific terms - Identify the aircraft, parties, fees, duration, etc. Management & Operational Requirements - The specific items/things the management Company will provide and do. Flight Support Personnel - Who will hire and pay for them and maintain their records Flight Support Personnel Training & Qualifications - Who will train them, who will pay, the standards required and their minimum qualifications. Flight Scheduling - How and who is responsible for this and the required service level. Records & Administration - What documents will be kept and for how long? What level of reporting is required? Hanger & Office - What equipment is required, and who pays? Fees, Expenses, & Deposits - Who will pay for what and by when? Insurance & Indemnity - Operations in compliance with the policy and provision of a copy of the document. Duration, Notification, & Termination - the correct method and reasons for the termination of the agreement. Miscellaneous - any other items required by either party, not covered above. www.ValorK.com.au #privatejet #bizjet #corporateaviation #aircraftowner

Aircraft repossession is the process of taking back an aircraft that has been financed or leased and that the owner has defaulted on payments. This can be a complex and time-consuming process, and it is often best to hire an expert to handle it. There are a number of benefits to hiring an expert for aircraft repossession. First, they will have the experience and knowledge necessary to navigate the legal and regulatory requirements involved. Second, they will have the resources to track down the aircraft and take possession of it. Third, they will be able to negotiate with the debtor to get the best possible outcome for the lender. Some of the benefits of hiring an expert for aircraft repossession include: 1) Increased chances of success: Experts have a better understanding of the legal and regulatory requirements involved in aircraft repossession, which can increase the chances of success. 2) Reduced risk: Experts have the experience and resources to minimize the risk of damage to the aircraft during the repossession process. 3) Cost-effectiveness: Hiring an expert can save time and money in the long run, as they can handle all aspects of the repossession process efficiently and effectively. #aircraft #aviation #aviationindustry #aircraftleasing #aircraftpurchase #aircraftsales #aircraftreposession #aircraftforsale #SavvyGo #Savvygoaerotech

🚄🚛 Heavy Vehicle Access at Rail Level Crossings! 🚛🚄 🔍 Project Overview: Thrilled to share details about Austroads Freight Task Force latest project - an assessment of the safety implications surrounding Restricted Access Vehicles (RAVs) accessing level crossings. This project is poised to define and substantiate existing issues, paving the way for future research into streamlined, automated solutions for managing heavy vehicle access. 🔬 Scope: Seeking consultants to develop a scoping study, considering insights from a diverse range of sources, including permit data, and near miss reports. These findings will be instrumental in understanding the range of opportunities to improve safety of heavy vehicles and rail operators faced at level crossings. #TransportationInnovation #RailLevelCrossings #HeavyVehicleSafety #SafetyAssessment #ResearchInTransport #Australia #NewZealand #RestrictedAccessVehicles

The aviation industry relies heavily on General Term Agreements to ensure smooth operations and compliance. The ABA Forum on Air & Space Law's article sheds light on its practical applications, offering guidance for drafting and negotiating GTAs. Essential reading for aviation contract professionals! #aviationindustry #aviation #negotiation

Aircraft repossession is the process of taking back an aircraft that has been financed or leased and that the owner has defaulted on payments. This can be a complex and time-consuming process, and it is often best to hire an expert to handle it. There are a number of benefits to hiring an expert for aircraft repossession. First, they will have the experience and knowledge necessary to navigate the legal and regulatory requirements involved. Second, they will have the resources to track down the aircraft and take possession of it. Third, they will be able to negotiate with the debtor to get the best possible outcome for the lender. Some of the benefits of hiring an expert for aircraft repossession include: 1) Increased chances of success: Experts have a better understanding of the legal and regulatory requirements involved in aircraft repossession, which can increase the chances of success. 2) Reduced risk: Experts have the experience and resources to minimize the risk of damage to the aircraft during the repossession process. 3) Cost-effectiveness: Hiring an expert can save time and money in the long run, as they can handle all aspects of the repossession process efficiently and effectively. #aircraft #aviation #aviationindustry #aircraftleasing #aircraftpurchase #aircraftsales #aircraftreposession #aircraftforsale #SavvyGo #Savvygoaerotech

By carefully planning, incorporating an aircraft into your business operations can enhance efficiency and productivity. With the limited availability of aircraft inventory, partnering with experienced professionals for your aircraft acquisition becomes crucial for your investment. Our team of lawyers, CPAs, and compliance specialists possess the specialized knowledge required to maximize the value of your deductions and establish an aircraft structure that seamlessly integrates with your overall objectives. Trust us at #AdvocateTaxLegal to guide you toward optimizing your tax and legal strategies. . . . . #aviationtlc #aviation #aviationattorney #aviationattorneys #bizjet #jet #corporatejet #businessjet #privateplane #aviationlaw #aviationtax #executivejet #businessaviation #corporatejet #flyprivate #aircraft

Remember to check out the #2024OperationsPlanningGuide for help in planning the future of your flight department. #AviationAttorney Michelle Wade provides Tax and Financing tips. #bizav #bizjetplanning Thanks to #AviationWeek and #PaulLafata

Aircraft repossession is the process of taking back an aircraft that has been financed or leased and that the owner has defaulted on payments. This can be a complex and time-consuming process, and it is often best to hire an expert to handle it. There are a number of benefits to hiring an expert for aircraft repossession. First, they will have the experience and knowledge necessary to navigate the legal and regulatory requirements involved. Second, they will have the resources to track down the aircraft and take possession of it. Third, they will be able to negotiate with the debtor to get the best possible outcome for the lender. Some of the benefits of hiring an expert for aircraft repossession include: 1) Increased chances of success: Experts have a better understanding of the legal and regulatory requirements involved in aircraft repossession, which can increase the chances of success. 2) Reduced risk: Experts have the experience and resources to minimize the risk of damage to the aircraft or injury to individuals during the repossession process. 3) Cost-effectiveness: Hiring an expert can save time and money in the long run, as they can handle all aspects of the repossession process efficiently and effectively. #aircraft #aviation #aviationindustry #aircraftleasing #aircraftpurchase #aircraftsales #aircraftreposession #aircraftforsale #SavvyGo #Savvygoaerotech

BIG 40, my 40th Blog: AINsight: How to Structure Aircraft Co-ownership I am pleased and proud to present the BIG 40, my 40th consecutive AIN blog started January 2018. Aviation International News (AIN) dropped this blog last Friday, July 12, 2024:   AINsight: How to Structure Aircraft Co-ownership available at https://lnkd.in/gAAkVHHj It explores how to structure co-ownership and share the use of an aircraft involving one or more co-owners without engaging in illegal charter operations (134 ½ operations) or breaking the bank. You can easily make mistakes in this area. This subject results from my increasing discussion with owners and purchasers who want to buy or continue to own an aircraft but prefer to share ownership with at least one other person to free up capital, spread risk, increase cash flow, and expand aircraft use. This blog describes three structures with commentary on the key interpersonal and economics issues of aircraft co-ownership. Please contact me to talk about this blog, any of my 39 other blogs available at https://lnkd.in/gAAkVHHj, or other private aviation questions at dmayer@shackelford.law or (214) 780-1306. As always, please feel welcome to repost or share this message with others. #illegalcharteroperations #aircraftcoownership #aircraftjointownership #structuringcoownership #aircraftcashflow #aircraftownershipecomics #purchasinganaircraftshare #economicsaircraftcoownership #aviation #businessaviation #aircraftpurchasing