An aircraft purchase and sale agreement is the central document in any aircraft transaction, setting forth the most important terms of the deal. Gerrard Cowan asks industry experts to outline the major focuses in such agreements… According to Stephen Hofer, President of Los Angeles-based Aerlex Law Group, not only does the aircraft purchase agreement set … Read more
On January 15, 2009, less than two minutes after take-off, the captain of US Airways Flight 1549 reported to Air Traffic Control that there was an emergency with bird strikes impacting both engines. With each engine now inoperative, and unable to complete the engine dual failure checklist, the captain started the Auxiliary Power Unit (APU) … Read more
It is important to perform a variety of sensitivity analyses to determine the impact that key variable direct operating costs (DOCs) will have on your aircraft’s projected budget and financial performance. For example, prospective buyers should run multiple annual aircraft utilization scenarios. As we saw previously ‘Can you Afford a Private Jet: Variable Operating Costs’, … Read more
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