STRUCTURING AIRCRAFT FLIGHT DEPARTMENTS
Involved in structuring operations of aircraft (particularly turbine aircraft) to avoid pitfalls presented by FAA claims of illegal air taxi operations. Extensive experience in structuring time share, interchange, joint ownership and aircraft lease agreements.
You know, all things aviation are NOT the same as they are in the part of the world that never leaves the ground. So many people make the mistake of creating aircraft businesses without taking into account the FAA Regulations. If a company is deemed to be an illegal 135, an illegal air taxi operation, the penalty can be as high as $44,000.00 per flight. This will impact your bottom line. This could potentially put you out of business. So, the idea here is not to get on the internet and take the advice of someone holding himself out as an expert who doesn’t know the FAA from the FBI.
When talking about structuring a time share, you have to consider several things, i.e., who is paying the pilot, how is aircraft ownership structured, is the Time Share Agreement proper, etc. Definitely NOT like leasing a car.
Read Alan’s articles on Structuring Aircraft Flight Departments:
NOTE: This section does not cover everything there is to know about Aircraft Flight Departments.