Aircraft

If you are a frequent flyer for business or personal reasons, owning an aircraft can be a game-changer. It is a great investment that can save you a lot of time and the hassle of scheduled flights and overcrowded airports over the years. However, if you are looking to invest in a private jet, you need legal advice that can cut through the complexities of domestic and international law ensuring your personal and corporate liability is limited. Our team of experts at Saracens can assist you with the legalities of both sale and purchase of a private jet and ensure that the process is smooth and efficient.

Purchase of a Private Jet

If you are interested in buying an aircraft, we can offer you clear and concise advice on:

1. Ownership Structure: Determining the best type of ownership structure for you and your business – taking into consideration tax planning. Ownership options include:

  • Sole Ownership in your own name
  • Ownership by a Limited Liability Company
  • Ownership through a trust
  • Ownership through a joint venture platform, if you are considering group ownership.
2. Obtaining Finance: Identifying the best method of financing for your aircraft. Aircraft financing options include:

  • Loans secured by a mortgage
  • Finance and Operating Leasing
  • Pre-delivery Payment Financing
  • Ownership through a joint venture platform, if you are considering group ownership.
3. Insurance and Warranty Obligations

4. The Safety and Maintenance requirements under the Civil Aviation Authority

5. Details involving airport landing regulations, fees and taxes. .

Selling a Private Jet

If you are interested in selling a private jet, we can help you achieve your objective as quickly as possible while protecting your position. Here are some of the things we can do for you:

1. We will carefully review and put together a comprehensive bundle of sale documents.

2. We will draft a sales contract with requisite warranties with regards to the condition of the aircraft at the time of sale.

3. We will also help procure a Certificate of Airworthiness.

4. Post-completion, we will handle the informing of the Civil Aviation Authority or other relevant authority that the ownership of your aircraft has been transferred.

If you would like further information regarding the law surrounding the sale and purchase of a private aircraft – please phone our London office on +44 (0) 20 3588 3500 to speak directly to one of our solicitors, or request a call back and we will contact you.

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