For any owner, an aircraft is an expensive asset that provides efficiency and security. Ownership or use of aircraft involves numerous governmental regulations adopted by the Federal Aviation Administration (FAA), the Internal Revenue Service (IRS), Department of Transportation (DOT), and the Securities and Exchange Commission (SEC), among others. Owners and operators are also subject to a variety of risks.
Evan S. Kagan, P.A. focuses its practice on assisting parties to aircraft transactions and their ongoing aviation needs. We are well-versed on the implications that tax law, securities law (and personal use disclosure requirements), FAA regulations, and corporate law have on owners and operators of aircraft, and work with our clients' advisors to structure aircraft ownership and operation in ways that promote our clients' goals.
With respect to aircraft registration, FAA regulations prohibit registration of an aircraft by non-U.S. citizens. Our lawyers assist non-U.S. citizens with the process for registering aircraft with the FAA utilizing voting trusts, owner trusts and other structures approved by the FAA. |