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Testimonials

Our Clients Say It Best

“Working with VanAllen Group has been a great experience. Their guidance and support are top notch. I have gained so much in the short time working with them. I feel that they provide the tools and knowledge that I need to support our flight department and move it in the right direction.”

Matt Daglish

Knowledgeable. Informed. Competent. Thorough. Practical. Candid. Professional. Responsive. Efficient.

Tony R., CFO

Northeast Based Family Office

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FAQ Accordion

FAQs

When is an aircraft pre-purchase inspection necessary?

Purchasing private aircraft is a major investment, so it’s in your best interest to request a pre-purchase inspection as part of any acquisition — even if the aircraft in question is marketed as being in perfect working order. Though they add time and expense to transactions, pre-purchase inspections are the perfect venue to raise questions and surface information in order to make a successful purchasing decision.
What does a prospective buyer need to do to initiate a pre-purchase inspection?

To initiate a pre-purchase inspection, a buyer should include a Letter of Intent within their Aircraft Purchase Agreement announcing their intention to perform an inspection. If you wish to conduct a pre-purchase inspection, an experienced aviation attorney can help you identify critical definitions and allowances to include in your Letter of Intent.
Who is responsible for paying for a pre-purchase inspection?

It is normally the buyer’s responsibility to cover any costs associated with organizing and having a pre-purchase inspection performed; this includes the cost of positioning the aircraft at the buyer’s preferred inspection facility. The seller is typically responsible for covering the cost of repairs for discrepancies that the inspection may reveal.
Should a pre-purchase inspection include a test flight?

Yes. The seller and the buyer must negotiate whether the flight (or flights, as may be the case) will occur before or after the inspection, or both, and how the test flight(s) will be funded. These terms should be clearly outlined in the Aircraft Purchase Agreement.
Is it necessary to perform a pre-purchase inspection on a relatively new aircraft?

It’s advisable to perform a pre-purchase inspection on all aircraft, regardless of age, as there could still be modifications made or damage to the aircraft. However, given that they have less history to review, it’s generally easier to determine the condition of a relatively new aircraft, reducing the overall scope of your pre-purchase inspection.
What is fractional aircraft ownership?

With fractional aircraft ownership, you purchase a share of a specific aircraft type to be utilized for a defined number of annual allotted flight hours.
Is fractional jet ownership the same thing as a timeshare?

No. Fractional jet ownership does not meet the provisions outlined in FAR Part 91.501(c)(1). Instead, fractional jet ownership falls under FAR 91 Sub Part K.
What are the benefits of fractional aircraft ownership?

Fractional owners are not responsible for employing pilots, cabin crew and flight operations coordinators or administering maintenance. The program provider also handles the day-to-day responsibility of paying airport and hangar fees and insurance, although fractional owners contribute an agreed-to monthly and hourly fees toward these costs. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. Fractional owners also do not have to pay a “deadhead cost” — that is, any costs incurred from positioning the aircraft to their departure point.

As an added benefit, some fractional plane ownership programs offer owners the option to upgrade or downgrade the size of the aircraft depending on their trip requirements.
What are the key considerations for fractional jet ownership?

VanAllen recommends that prospective fractional jet ownership clients consider the following before making a decision:
- The number of hours they fly per year
- Whether a specific aircraft type meets the majority of their travel requirements
- How frequently their travel needs change
- The length of their trips
- Whether they fly for business or personal reasons
- How many people they typical travel with
- What their budget is
What types of fractional aircraft ownership shares are available?

There are two options when purchasing fractional shares: an hours-per-year model and a days-per-year model.
What is the length of commitment for fractional aircraft ownership?

Most fractional share contracts have a minimum ownership period, in which the first purchase of a share is three to five years.
What is the minimum fractional jet ownership share size?

Most fractional jet ownership programs require a minimum share size of 50 hours of flight time per year.