Do the purchaser or the purchasers advisors need assistance in the purchase of a fractional interest?
Yes, unless the buyer and its advisors are sophisticated in matters of aviation and aviation law and have experience in negotiating aircraft transactions. Most buyers, even if sophisticated, will want help on what amounts to a multimillion dollar, multi-year commitment. Most other buyers need help in deciding which is the best aircraft for their existing and anticipated needs and then deciding how to acquire flight hours. Finally, fractional aircraft operation presents novel liability, corporate, tax and insurance issues that a buyer’s usual advisors may not be familiar with.
