Our GA Aircraft Ownership Zoom Series covers a range of topics useful to pilots who own a Light GA Aircraft or are contemplating a purchase. We have all heard that it is a great time to buy and sell an airplane. We've put together a comprehensive program to provide information to help the process go as smoothly as possible because what could go wrong? Plenty!
Session 2: OWNERSHIP STRUCTURES was held November 2 and attendees were treated to an in-depth discussion by Sal Lagonia, Aviation Attorney. There are many decisions to be made during the pre-purchase, at aircraft closing and throughout the ownership and operation phase. On the agenda were maintenance issues, title issues, previous liens and lawsuits, aircraft condition and delivery, what structures exist for ownership and the liability each one brings. Sal also stressed the importance of a Pre-Purchase Inspection and a professionally drafted Aircraft Purchase Agreement because