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I am retired and am considering buying a private jet. Would it benefit me to hire an aviation attorney?
I am retired and am considering buying a private jet. Would it benefit me to hire an aviation attorney?
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Answers (1)
Depending on the make and model, airplanes may range in price from the lower thousands to more than one million dollars. Given that this is a large purchase, there are a number of issues where having an aviation attorney may benefit you during your process of buying a jet.
Since buying an airplane is unfamiliar territory for many, the determination of what a reasonable price for an airplane is certainly a consideration. There are a number of airplane valuation services that can help you with information that will benefit you in the negotiation process. An aviation attorney would be able to represent your best interests in the actual negotiation.
There are also contract issues that are important because of the large price tag of the purchase. An aviation attorney would be helpful in making sure the contract is protecting your legal rights.
Moving forward, please consult with an aviation attorney to determine the proper course of action for your case.
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Posted by Jason Tong on 28 Jan 2010