A professional jet broker is just one player on your team of trusted representatives that assist you in finding and buying the right aircraft. In fact, every aircraft purchase includes many critical pre-purchase components that involve the expertise of skilled and specialized professionals who will make the purchase process clean, smooth, and safe for you and those you carry in your aircraft.
Aviation inspection: Ensuring safety and reliability
A thorough pre-purchase inspection centers around ensuring that the aircraft being considered is mechanically sound. A trusted broker can recommend qualified, unbiased third-party technicians who specialize in the kind of detailed inspection you’ll require.
A thorough inspection includes not only physical inspection and testing of the aircraft’s systems, but also a review of maintenance and repairs. Your technicians will review:
- maintenance records, starting from the time the aircraft left the factory
- log books, to ensure records have been maintained accurately
- physical systems, components and structure, accomplished by performing an official Chapter 5 manual maintenance inspection or customized evaluation
- special maintenance needs of the aircraft
- potential upcoming or ongoing maintenance issues
- potential required upgrades to avionics or other technology
The results of these reviews will provide you with a wealth of information about the aircraft that will help you understand the type of care and maintenance it will require and the potential costs involved in ownership.
Aviation law: Ensuring a clean transaction
A broker is also an excellent source for connecting to aviation legal counsel. Unlike your corporate or personal attorneys, an aircraft attorney can provide specialized information about such topics as:
- federal aviation regulations
- federal excise tax exposure
- tax and depreciation considerations
- personal use of corporate aircraft
- joint-ownership arrangements
Aviation law specialists also assist clients with aviation-related state and local sales, use and property tax planning issues, FAA and international registration, ownership trusts, aircraft management and charter agreements.
A qualified, trusted broker can help you connect with key specialists such as these and others, including lenders, insurers, accountants, pilots, management and charter companies, escrow agents, owner trustees, qualified intermediaries, and other personnel you will work with through all the aspects of buying, selling, owning and operating your private aircraft.