With business aircraft inventory at all-time lows, some buyers may feel pressured to cut corners in transactions. Don’t take shortcuts with your pre-purchase inspection, say two experts – that part of the transaction is critical in ensuring no unpleasant surprises await. “Within a particular make and model of aircraft, the fair market value can really vary widely based on past use, maintenance history, damage history and upcoming maintenance items that are coming due,” notes aviation attorney Lori McGee. “Your pre-purchase inspection is really your opportunity to take a look at all of that.” In this episode of NBAA’s “Flight Plan,” host Rob Finfrock speaks with:
- Jeff Agur, CEO, The Van Allen Group
- Lori McGee, partner, Jetstream Aviation Law