High Value and Luxury Assets

Purchasing and Selling a Helicopter

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High Value and Luxury Assets >> Purchasing and Selling a Helicopter

If you regularly travel within the United Kingdom or make short hops across the English Channel for business or pleasure, purchasing your own helicopter can prove a cost effective way to manage your travel. Helicopters provide an excellent alternative to the car or train for regular business travellers. Notwithstanding the advantage of avoiding the delays resulting from the growing congestion on the roads, helicopter journeys also have the benefit of not requiring you to submit detailed flight plans. They can be used just as spontaneously as a motor vehicle.

If you’re thinking of purchasing a helicopter, our dedicated commercial lawyers will ensure the process is seamless.

Our Expertise

At Saracens, we have the necessary expertise.

Apart from the capital invested, prospective buyers must consider insurance costs, depreciation, scheduled maintenance and engineer’s reports. We can assist you with this, as well as the following legal processes:

  • Due diligence
  • The sale and purchase agreement
  • Warranties and indemnities
  • Insurance considerations
  • Finance
  • Tax planning
  • Landing permissions
  • Leasing arrangements

As many purchasers will be looking to fly the aircraft themselves, it is important before the purchase process has even begun that buyers carefully consider the type and model of aircraft they wish to purchase. This is because during pilot training, those buyers will be certified in the aircraft they spent the most time training on, even if it is not necessarily the helicopter they own.

Are You Selling?

If you are looking to sell a helicopter we can assist you with the negotiation process to ensure you get the right price. We can also advise on your obligations with regards to warranties to ensure the negotiations go smoothly. As a general point, be wary of ‘tyre kickers’ and insist the buyer puts down a holding deposit before you incur significant costs in the course of any sale.

To discuss selling or purchasing a helicopter, phone our London offices on +44 (0) 20 3588 3500 and talk directly to one of our lawyers. Alternatively, you can request a call back and we will be in touch at a time convenient to you.

We instructed Saracens’ litigation team in a sensitive matter in the hope that it would be…

Bob Paxman Chief Executive Talking2Minds
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