Carriere & Little News

Home/Carriere & Little News

The legalese of prebuys

Prices of older turbine airplanes are enticingly low these days, but there are some important caveats for prospective purchasers. One imperative is to have a prebuy inspection.

“A prebuy inspection is a must,” said Adam Meredith, president of AOPA Aircraft Finance Co. “I wouldn’t buy any aircraft without a prebuy, a title search, and a fair purchase and sale agreement—and no bank should allow you to finance an airplane without the prebuy and title search, either.

“Prebuys should be done by a shop that specializes in the type of airplane you’re buying.”

Typically, the prospective buyer pays to reposition the aircraft for the prebuy, and the seller pays for correcting any maintenance issues relating to airworthiness. Fixing any non-airworthiness items is usually up for negotiation.

That’s where the purchase and sale agreement comes in. This agreement is a binding legal document that sets down the sales price plus conditions such as the amount of time to complete the prebuy, who pays for what, and who pays to move the airplane among a list of items.

by AOPA

2017-06-13T02:14:34-06:00 June 8th, 2016|Blog, Carriere & Little News, Economics of Aviation|

Welcome Chris Leach to our group of talented attorneys.

Attorneys

Ty Little, Sue Carriere, and Chris Leach

Chris is an aviation business attorney who specializes in aviation litigation and transactions.  With more than a decade of experience, Chris provides diligent, creative and effective representation to client in business disputes and litigation and aviation transactions.  Chris has substantial experience as outside general counsel for businesses, especially within the aviation industry.   Chris’ experience ranges from aviation, commercial contract, financial, construction and real estate litigation, to corporate governance and insurance.

A commercially licensed pilot with substantial experience within the aviation industry, Chris handles a wide range of aviation legal matters including guiding clients through aircraft acquisitions, regulatory issues, aircraft ownership structure, leasing, certificate defense, investigations, aircraft accident cases and aviation business disputes.

Chris’ experience extends to clients within diverse industries, including financial services, petroleum, construction and technology.   Chris knows that to provide the very best representation, it is essential to understand how his clients operate their businesses. Chris is particularly adept at quickly learning technical aspects of his clients businesses.

Chris offers skillful counsel that extends to jury trial, arbitrations, administrative proceedings and appeals, as well negotiating and drafting complex agreements and advising his clients on corporate governance issues.  With significant trial experience, Chris understands the value of protecting his clients’ interests through aggressive representation, but also offers his clients creative solutions to realize their goals outside of litigation.

Before joining Carriere & Little, Chris was a partner at a large Denver law firm, where he spent nine years of his career.  Chris has been listed as a Colorado Super Lawyer “Rising Star” since 2011, and has an AV peer review rating from the Martindale Hubbell legal directory.

Chris has a demonstrated passion for aviation.  He holds a commercial multi-engine, instrument rating and spends time out of the office as a competitive aerobatic pilot.  Chris’ flight experience ranges from high performance bi-planes to turbine business aircraft.  Chris serves on the Colorado Aviation Business Association’s Board of Trustees and volunteers for other non-profit organizations to help create educational opportunities for students pursuing careers in aviation.

We look forward to providing our clients with the litigation support they need.

2017-06-13T02:14:37-06:00 March 17th, 2016|Aviation News, Blog, Carriere & Little News|

AIRCRAFT LEASING

 

Embraer Legacy 500Leasing an aircraft can be an alternative to outright purchase for a variety of reasons ranging from practicality to cash flow. There are a wide variety of leasing options available, each with specific advantages and disadvantages. In general terms, a lease is a transfer of an aircraft without transfer of title. The owner of the aircraft, or lessor, retains legal title to the aircraft, but transfers possession of the aircraft to the lessee. It is important to note that due to the broad range of options available, not all aircraft leases will meet the above definition.

Aircraft leases are also regulated by the FAA in the Federal Aviation Regulations (FARs). The FAA classifies aircraft leases as either “dry leases” of “wet leases”. Under a dry lease, the aircraft owner provides only the aircraft and no crew. If at least one crew member is provided in the lease arrangement, this becomes a wet lease as defined in the FARs. A wet lease is an exception to the simple definition of a lease because it does not involve transferring possession of the aircraft. The lessor maintains operational control of the aircraft under a wet lease. Without a specific exemption, such as a time sharing agreement, or other options found under FAR 91.501, a wet lease requires an FAA commercial operating certificate.

By NBAA

2017-06-13T02:14:40-06:00 January 18th, 2016|Blog, Business Aircraft Industry News, Carriere & Little News, Leasing|

Colorado Dept of Agriculture Safety Video

Flying drones is fun, but many people don’t realize how many crop-dusting aircraft and other low-flying aircraft share the skies with you. Can crop-dusting pilots see a drone to avoid hitting it? This shows you the answer. Take a look and see why drone pilots have to do more than just look up in the air for other aircraft.

 Agriculture Safety Video

VIDEO by the Colorado Department of Agriculture Digital Media Program, James Amos.

 

2015-12-02T11:02:01-06:00 December 2nd, 2015|Aviation Safety, Carriere & Little News, drones, UAS, UAV|

FAA Administrator Michael Huerta to Speak at NBAA2015

FAA Administrator Section 333

Washington, DC, Oct. 13, 2015 ­– The National Business Aviation Association (NBAA) today announced that Federal Aviation Administration (FAA) Administrator Michael Huerta will serve as a featured speaker at NBAA’s Business Aviation Convention & Exhibition (NBAA2015), which runs from Nov. 17 to 19 in Las Vegas, NV.

“NBAA is honored to have Administrator Huerta as a speaker at our convention,” said NBAA President and CEO Ed Bolen. “As Washington policymakers are debating important issues related to the FAA – from the implementation of NextGen to the future structure of the agency itself – Administrator Huerta’s insights will certainly be of interest to our attendees.”

Huerta was confirmed as FAA administrator in January 2013 and is responsible for the largest aviation system in the world. He oversees the agency’s 47,000 employees and its NextGen air traffic control modernization program, which will transform air traffic control (ATC) from a ground-based system to one based on satellite navigation.

Before assuming the post of administrator, Huerta served as FAA deputy administrator. Prior to joining the agency, Huerta was president of transportation solutions for Affiliated Computer Services. In both the private and public sectors, he has managed complex transportation challenges, including during his tenure as managing director of the 2002 Winter Olympic Games in Salt Lake City. Previously, he served as the executive director of the Port of San Francisco from 1989 to 1993, and as commissioner of New York City’s Department of Ports, International Trade and Commerce from 1986 to 1989.

In 2014, Huerta was a keynote speaker at the Asian Business Aviation Conference & Exhibition (ABACE) in Shanghai, China, which is co-hosted by NBAA.

At this year’s convention, Huerta will be among several top leaders from government and industry speaking during the Opening General Session on Tuesday, Nov. 17.

As the most important business aviation event of the year, NBAA2015 offers attendees an unparalleled opportunity to learn about the latest issues affecting the industry. And as the largest gathering of the industry in the world, NBAA2015 is the best place to review the latest business aviation products, technology and services, while participating in dozens of education sessions and making side-by-side comparisons of the most innovative aircraft on static display.

NBAA2015 will be held at the Las Vegas Convention Center, with two aircraft displays – an indoor one, on the exhibit floor of the convention center, and an outdoor display at Henderson Executive Airport (HND).

Contact: Dan Hubbard, (202) 783-9360, dhubbard@nbaa.org

2017-06-13T02:14:51-06:00 October 14th, 2015|Aviation Leaders, Aviation News, Carriere & Little News, drones, FAA, UAS|

Embraer Legacy To Land at Flexjet This Month

 

Embraer Legacy 500

 

 

 

 September 22, 2015
Fractional provider Flexjet expects to take delivery of its first Embraer Legacy 500 by the end of this month, company CEO Michael Silvestro told AIN. In May, Flexjet placed an order for an unspecified number of fly-by-wire Legacy 450 and 500 midsize jets to augment the company’s order for 60 Bombardier Learjet 85s, a program now in limbo after Bombardier “paused” it in January.

Silvestro declined to reveal how many fly-by-wire Legacy 450s and 500s Flexjet has on order, though he did say the fractional provider will take delivery of five Legacy 500s by year-end. Deliveries of the Legacy 450, which recently earned its Brazil, FAA and EASA certifications, will begin in June next year for Flexjet. All will be LXi models, meaning they will have specially outfitted “bespoke” interiors exclusive to Flexjet, as well as onboard Wi-Fi capability.

“We’re excited about

[the Legacy 500],” Silvestro said. “It really rounds out our fleet, and I can’t wait to get it in the program.” Flexjet crews have already completed Legacy 450/500 training and customer flights in the first Legacy 500 will start later next month, following conformity testing, he said. Flexjet is currently evaluating if the Legacy 450/500s will be added to its recently announced Red Label program.

by AINalerts

 

2017-06-13T02:14:54-06:00 September 24th, 2015|Aviation Leaders, Aviation News, Blog, Business Aircraft Industry News, Carriere & Little News|

Embraer Phenom 300 Business Jet

Embraer Phenom 300

Embraer Executive Jets was in the Denver metro area this week with its Phenom 300 and we enjoyed a private showing of this incredible business jet with Sales Director Doug Giese. The beautiful Phenom 300 is the fastest jet in its class and it offers unmatched comfort and convenience with the largest baggage compartment, galley, and windows in the category. With great features and its amazingly low fuel burn rate, it is no wonder that the Phenom 300 was the most delivered business jet in 2013.

2017-06-13T02:15:12-06:00 March 20th, 2014|Aviation Leaders, Blog, Carriere & Little News|

Carriere and Little on IOCSA Radio

Sue and I were asked to take part in a discussion with Gayle Dendinger and Tammy Schmidt regarding the current state of the aviation industry here in Colorado and how aviation leaders work together to promote our industry.  Gayle is the founder of ICOSA, an organization founded to facilitate dynamic cooperation, partnerships and assistance among individuals, businesses, communities, governmental bodies and educational organizations to help foster growth and change in our nation.

Our  1 hour discussion was broadcast on 710 KNUS and the details can be found here: http://www.icosamedia.com/?p=14033

Thank you to Gayle and Tammy for the invitation and opportunity to highlight the positive impacts of aviation in our community!

ICOSA2

2017-06-13T02:15:20-06:00 December 16th, 2013|Blog, Carriere & Little News|

2013 NBAA Tax, Regulatory & Risk Management Conference

It is a good sign that the business aviation industry is healthy and prospering, well over 200 people are attending the 2013 NBAA Tax, Regulatory & Risk Management Conference. This is the largest attendance since 2008. Stay tuned for more updates from the conference and convention!

2014-03-04T23:20:43-06:00 October 21st, 2013|Blog, Carriere & Little News|

NBAA 2013 Business Aviation Convention & Exhibition

We fly out to Las Vegas for the NBAA 2013 Business Aviation Convention & Exhibition (NBAA2013) tomorrow! One of the many issues we will be following over the next few days is the Air Charter Broker Notice of Proposed Rule Making (NPRM) and the impacts it will have on aviation broker industry.  Click here for the NPRM.  Specifically, how the Fly America requirements of 49 U.S.C. § 40118 will impact brokers of airlift to the Federal Government.  Stay tuned for NBAA updates here!

2017-06-13T02:13:55-06:00 October 18th, 2013|Blog, Business Aircraft Industry News, Carriere & Little News|

Carriere & Little Aviation Law Blog

Welcome to the Carriere and Little Aviation Law Blog.  We are excited to share with you our thoughts, insights, and news related to the legal aspects of owning and operating aircraft.  We specialize in aviation business law.  It is our goal that this blog will provide you the most current aviation business law information available and become a trusted resource for your aviation business decisions.

2017-06-13T02:13:58-06:00 October 13th, 2013|Blog, Carriere & Little News|