Aircraft Ownership
Our firm can assist you with all aircraft ownership needs, from purchase agreements, co-ownership agreements to ownership challenges and beyond. If you are considering owning an aircraft with one or more co-owners, you need an attorney-drafted agreement between all of you that clearly outlines your rights and responsibilities toward each other. Absent a written agreement, many aircraft partners will develop differing understandings of their obligations which can lead to larger problems. Aircraft co-ownership can be a great way to own a plane with reduced (shared) fixed costs, but all the benefits fall by the wayside when the partners can’t get along later.
Our firm can assist you with all aircraft ownership needs, from purchase agreements, co-ownership agreements to ownership challenges and beyond. If you are considering owning an aircraft with one or more co-owners, you need an attorney-drafted agreement between all of you that clearly outlines your rights and responsibilities toward each other. Absent a written agreement, many aircraft partners will develop differing understandings of their obligations which can lead to larger problems. Aircraft co-ownership can be a great way to own a plane with reduced (shared) fixed costs, but all the benefits fall by the wayside when the partners can’t get along later.