Many purchasers and financiers fail to appreciate the implication of how an aircraft will be operated post closing, whether under FAR Part 135 or Part 91, during the sales process. Parts 135 & 91 apply to operations of aircraft and the particulars of these parts will govern not only how, when, and where the aircraft can be operated post-closing, but also what equipment, certification and licensing the aircraft and crew will need as well as the availability of aircraft and engine support programs. In addition to the FARs, depending on the proposed operation, the economic aviation regulations of DOT may also need to be considered.
From on-demand air taxi operators to private non-commercial operators, operational issues can be complex and can create challenges for structural arrangements that purchasers as well as financiers may not anticipate. This may be particularly true if the intent is for operation of the aircraft not only domestically, but also internationally. While international operations may present unique challenges, such challenges can be overcome without jeopardizing the value or security of the aircraft.
In this webinar, we will discuss:
• What lessors/financiers need to know about commercial/non-commercial and domestic/international operations and the implications of these operations on leases and security interests.
• What questions transaction attorneys should consider during the sale/purchase process in counseling purchasers and financiers regarding the intended post-closing operation of an aircraft.
• What insurance brokers need to know for proper underwriting and to ensure proper coverage based upon the post-closing operations of the aircraft and equipment, certification and licensing required for aircraft, operators, and crew.
In this webinar, we will explore ways to ensure the conformity and enforceability of aircraft purchase, financing, and operational agreements, including purchase agreements, lease agreements and security agreements. The webinar is also designed to allow time for attendees to ask questions that may be particular to their specific situation and facts.
This webinar will benefit anyone involved in the operations of aircraft, but could be particularly beneficial to people not directly involved in the closing process:
• Credit officers
• Document processing staff
• Insurance companies
• Insurance brokers
• Transaction attorneys
• and more...
Whether you are new to the industry looking to learn more about the nuances of the trade or an experienced professional looking to stay up to date on what you need to know, this webinar is for you!
This NAFA webinar originally aired on March 12, 2025.