Many people own aircraft using corporations or LLCs. Usually liability and tax benefits drive the decision. However, many of these ownership structures do not take into consideration regulatory requirements and, in fact, are not in compliance with the regulations. For a discussion of the flight department company trap, please read my latest article on the subject: Are You Running An Illegal Flight Department Company.
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Greg Reigel
Greg has more than two decades of experience working with airlines, charter companies, fixed base operators, airports, repair stations, pilots, mechanics, and other aviation businesses in aircraft purchase and sale transactions, regulatory compliance including hazmat and drug and alcohol testing, contract negotiation, airport grant assurances, airport leasing, aircraft related agreements, wet leasing, dry leasing, FAA certificate and civil penalty actions and general aviation and business law matters.
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