International Aircraft Purchase Attorneys in Florida Making Your Aircraft Acquisition Simple and Seamless
Purchasing an airplane is an exciting opportunity for any airplane owner to build the aviation business of their dreams. Aero Law Center works with airplane owners in different stages of the airplane acquisition process. We help airplane owners purchase a plane for the first time or upgrade and expand their fleet with a new aircraft.
Our firm helps airplane owners and airplane brokers with the airplane acquisition process. We help:
- Review market data and trends to determine the best models and pricing
- Facilitate negotiations to ensure airplane owners get the best deal
- Coordinate pre-inspections to ensure an airplane’s safety and performance
- Draft a purchase agreement and file the necessary paperwork to close the deal
- Assist with the registration process of the airplane
- Assist with transfer of ownership, if applicable
- Facilitate the closing and ensure the transfer of money
The airplane acquisition process is one of the most significant financial decisions and investments an airplane owner can make. Rely on Aero Law Center and our international aircraft purchase lawyers to make smart acquisition decisions and avoid any pitfalls that could cost you later.
What are the Benefits of Buying New?
There are pros and cons to purchasing a new or used airplane. Airplane buyers must consider all potential options regarding aircraft acquisition. New airplanes are an attractive option for airplane buyers that want a custom aircraft they can design from scratch to meet their specific needs.
When budget is not a concern, a new airplane’s price range varies considerably. For instance, a new aviation jet might cost an airplane buyer at least one million dollars, and a new, single-engine propeller plane might go for less than $40,000.
Customization is a perk, and purchasing a new aircraft has other benefits. These include:
- An extensive manufacturer and dealer network to assist with maintenance, technical issues, and questions
- Possible discounts or other benefits related to maintenance or training with an aircraft purchase
- A warranty to lean on if anything goes wrong with the plane
Aero Law Center can help new and seasoned airplane buyers find the right aircraft that fits their budget and vision.
What are the Benefits of Buying Used?
For airplane buyers wary of used airplanes, new doesn’t necessarily equate to better in the aviation world. Some industry experts say that new planes need a few cycles to work out the bugs, while used airplanes—the well-maintained ones—offer a proven track record of reliability.
A pre-owned and certified aircraft will likely fit the bill if customization isn’t a top priority.
Used airplanes are more affordable than new ones and appeal to a broader range of potential airplane buyers. There are other benefits to acquiring a used aircraft, including:
- A larger pool of inventory to choose from
- Used airplanes hold their value longer
- There is no wait time due to customization like there is with new airplanes
- There are refurbishment opportunities to allow for an upgrade, modifications, and customization
- Older models offset higher fuel and operating costs compared with new airplanes
Purchasing an airplane, used or new, is a serious decision. Airplane buyers should look at make, model, history, condition, age, and other factors that help determine the value of a pre-owned and certified airplane. We help airplane buyers with this due diligence to ensure a fair price and rule out any mechanical or technical issues that could result in costly repairs or cause an accident.
Airplane buyers can get advice and legal support when choosing Aero Law Center to help with airplane acquisition, from negotiation to purchase agreement to close.
How Do I Transition Ownership of a Plane?
One of the last steps of an airplane transaction is the transfer of ownership. Aero Law Center ensures the money exchanged between airplane buyer and seller is successfully deposited in the seller’s bank account before the transfer of ownership.
Suppose ownership is transferred before the money hits the seller’s bank account, and the deal falls through. In that case, the airplane buyer will be on the hook for the purchase and any associated liabilities. We don’t miss any critical steps in the acquisition process.
To the surprise of airplane buyers, previous owners often show up as the current owners long after the sale, indicating that the ownership transition never occurred. This error is often caught by mistake in a routine maintenance check-up or another unexpected way. We handle the transition of ownership process on behalf of airplane buyers to avoid errors and liability.
Aero Law Center and our attorneys also handle other elements of the acquisition process that accompany the ownership transition. We arrange the pre-inspection, review the airworthiness certificate to ensure compliance, complete the bill of sale and create the purchase agreement.
How Can an Attorney Protect Me in a Transaction?
We help airplane buyers purchase an airplane without the hassle. Airplane buyers appreciate our simple approach to avoiding bad deals and liabilities related to an airplane purchase.
We create a fair and level playing field for airplane buyers and sellers to come together in mutual agreement. Purchasing an airplane (or selling an aircraft, for that matter) can be a legal nightmare in the right situation, especially for new airplane buyers. Only a keen legal eye can pinpoint many hidden liabilities, mistakes, and errors in the transaction process.
For example, airplane sellers might withhold information regarding an airplane’s safety or performance. This could cost an airplane buyer thousands of dollars if a seller doesn’t disclose pertinent details. Our attorneys conduct due diligence to stop any bad deals—and sellers—in their tracks.
We shoot for buyer confidence rather than buyer remorse when assisting airplane buyers with the purchase of an airplane. Aero Law Center also sets airplane buyers up for success as we help them comply with federal regulations.
When airplane buyers must safeguard their investment and avoid surprises in the aircraft transaction process, they choose Aero Law Center. If you’re considering an airplane transaction and unsure where to start, book a consultation with any of our aviation lawyers at Aero Law Center. Call us today: 954-869-8950.