Buyer Beware: Scope of “As-Is” Disclaimer in Aircraft Purchase Agreements
April 22, 2019Aircraft purchase agreements that contain language to the effect that the aircraft is being purchased “as-is” are not uncommon. Typically, this provision in the purchase agreement may also include language stating that the seller is not making any representations or warranties as to the aircraft’s co…
DetailsHow the 2017 Tax Cuts and Jobs Act Impacts Business Aviation
November 19, 2018The 2017 Tax Cuts and Job Act (”TCJA”) brought many benefits to American businesses, including commercial aircraft owners and operators. One such benefit was the settling of an issue between aircraft management companies and the IRS regarding the application of the Federal Excise Tax (“FET”) to aircraft man…
Details