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Buying an Aircraft
There is much
preparation to be done before a client's first offer is made.
To determine which type of aircraft best suits a client's
needs certain basic questions must be answered.
They include:
- What is the maximum number of passengers desired and what
average passenger load expected?
- On an annual basis, how many trips are projected and of what
distance?
- What are the elevation and length of the airports that will be
used?
- What initial cost and hourly operating expense will be
acceptable?
Armed with answers to these questions a client can make a
reasoned decision about which type of aircraft to purchase.
We, of course, are prepared to assist in any way possible
during this process with prices, operating cost, performance
and other relevant data.
Once an aircraft type has been selected, the acquisition
process begins in earnest.
Identifying Available Aircraft:
Our files already
contain extensive information about available aircraft
regardless of which type a client selects. This allows us to
quickly provide detailed specification sheets on most of those
offered for sale. Meanwhile, a personal letter inquiring about
availability is sent to the owner of every other aircraft of
the type selected. These letters will be closely followed by
telephone calls.
As aircraft are found to be available, a specification sheet
is developed on each and sent to the client.
Initial Evaluation:
With the information
we provide, a client can decide which of the offered planes to
seriously consider. We arrange for the client to see those
selected and will accompany the client on these preliminary
inspections. This process is designed to help a client in
determining desirability and relative value.
Negotiations:
Our office will
conduct negotiations on a client's behalf. The client is kept
fully informed of our progress through frequent consultations.
No prices or terms will be agreed to without a client's
authorization.
Contracting:
We will work closely
with the client and the client's attorneys and tax advisors to
prepare a purchase contract that protects the client's
interests.
Final Inspections:
Before taking
delivery on any aircraft, we strongly recommend a client have
it subjected to a thorough maintenance inspection and test
flight by a factory approved maintenance and repair facility
of the client's choice. We assist the client in arranging for
and monitoring such an inspection.
Closing:
The responsibility of
coordinating the delivery and closing shall be ours.
Like Kind Exchanges
In cases where a
client may receive tax benefits from trade, we arrange for
titles and funds to pass in such a way that qualifies these
transactions as an exchange under the United States Internal
Revenue Code. This property exchange will be structured by our
client's legal, accounting and tax advisors who are welcome to
draw on our extensive experience.
Fees and Expenses
Our fees are competitive and more than offset by value received. We expect
to be paid only after all the work we are hired to do is
completed to our client's satisfaction.
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