David’s practice mainly focuses on private aviation and other equipment transactions worldwide. David devotes most of his time to business aircraft matters, including transaction structuring, negotiation and drafting; federal regulatory compliance; federal and state tax planning, purchases, sales, financing, leasing, risk management, and OEM customer purchases and disputes. His clients include high wealth and company private jet owners, operators, corporate flight departments and management companies. He continues to use and build on decades of experience representing lessors, lenders and other financiers in leasing and secured lending on other personal property. His tasks range from simple to the complex. For aviation, he often starts advising his clients from the beginning of the aircraft experience and lasting throughout the life of ownership, leasing, operation and disposition of the aircraft.
David’s blend of experience differentiates him from other aviation and leasing lawyers. His wide industry and legal knowledge, gained over more than 35 years as a corporate and law firm lawyer, provides tools for David to be practical, clear and insightful in working with clients and other parties. David’s background enables him, for example, to identify and efficiently help resolve issues that arise in transactions, corporate planning. He strives to resolve disputes short of litigation. As a result, transactions and other matters he handles typically progress smoothly as he guides the parties to a reasonable resolution of their concerns. Knowing many financiers and their counsel facilitates respectful negotiations and the formation of beneficial relationships by all parties.
David believes strongly in a simple idea: The client comes first. He assists each client by using all his legal and other industry resources to solve problems and help achieve the client’s preferred outcomes. He earns his client’s trust, as an advisor and advocate, in part, by listening and striving to understand his client’s relevant business activity and situational needs. David seeks to build a quality relationship with each client, to serve with integrity, and to add value in all aspects of his representation and advice.
A significant part of his transactions cover all types and sizes of general aviation aircraft. David structures, negotiates and documents, among others, purchase, sale, joint operating, pilot services, charter, repair, personnel, charter lease and management agreements, secured loans, “dry,” “wet” and operating leases, tax leases, synthetic leases and sale-leasebacks. He also assists on aircraft incidents/accidents, warranty claims, corporate structuring, litigation, federal and state tax structuring and insurance and vendor/OEM disputes.
David’s other lending and leasing transactions relate to a wide array of equipment. In addition to aircraft, his leasing and lending transactions involve financing of energy, fixtures, construction (i.e., “yellow iron”) and transportation, furniture, technology and health care assets.
Since the publication of his book, Business Leasing For Dummies, David has been an active speaker, writer and editor. His engagements have included private client and conference speaking opportunities and publications of more than 160 articles, 91 issues of a newsletter he founded in 2002 called “Business Leasing and Finance News,” and a 122 page ”study” commissioned by the Equipment Leasing and Finance Foundation (ELFF) on the future of business aviation. The American Bar Association published his co-authored article titled: “Texas–Size Challenges in State Sales and Use Tax Planning for Private Aircraft Transactions.” Writing has honed his ability to analyze problems and issues, serve as an industry thought leader and deliver practical, strategic and useful solutions or explanations in a cost-effective manner.