Business aircraft buyers regularly miss out on the potential tax, financial, and other advantages of leasing as an alternative to cash or financed purchases. Some owners may not know they need to lease their aircraft to comply with FARs, while others shun leasing as unnecessary or burdensome.
Yet many first-time and repeat aircraft purchasers use financing and leases or both for valid economic and regulatory reasons. The most significant leases used in business aviation consist of dry leases, wet leases, operating or “true” leases, tax leases, and financing leases. Amid these leases, one works like a loan.
David G. Mayer is a member of the global Aviation Practice Group at Shackelford, McKinley & Norton in Dallas, which handles private aircraft matters, including regulatory compliance, tax planning, purchases, sales, leasing and financing, risk management, insurance, aircraft management and operations, hangar leasing, and related corporate work. Mayer frequently represents corporations and high- and ultra-high-net worth individuals and other aircraft owners, flight departments, lessees, borrowers, operators, sellers, purchasers, corporations and managers, as well as lessors and lenders. He can be contacted at [email protected].
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