If you are buying or selling an aircraft, whether a Cessna 152 or a Gulfstream GIV, you should use a purchase agreement. The purchase agreement can protect you in an aircraft transaction. For a discussion of the value of an aircraft purchase in a transaction that failed to close, please read my latest article discussing the case here.
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The Value Of An Aircraft Purchase Agreement
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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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