The value of due diligence exists in the eyes of the beholder. Their place in an aircraft transaction informs their diligence criteria, inquiries, and judgment.
Most financiers consider the five Cs (character, capacity, capital, collateral, and conditions) and investigate each element before closing a loan or lease. Sellers ensure that they transfer good titles to qualified buyers. Aircraft buyers traditionally perform comprehensive due diligence in all phases of a purchase transaction.
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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