Virtually all first-time business jet buyers are sophisticated, successful, and motivated. Often consisting of high- and ultra-high-net-worth individuals and diverse private companies, these prospective buyers might be prompted to buy a business jet by fears of Covid-19 exposure or missing the 100 percent bonus depreciation deduction.
As vaccine injections spread across the globe, some buyers have entered the market with the optimism that more personal/business travel lies ahead. Some first-time buyers, including millennials, buy jets of all sizes simply because they can.
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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