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:
Throughout February, NBAA has marked Black History Month by recognizing the significant aviation contributions of African Americans and emphasizing the importance of ensuring our industry is open and welcoming to people from all backgrounds.
The FAA has been working with NBAA and others to address privacy concerns with the Privacy ICAO Address program (PIA), which recently was expanded beyond the contiguous U.S. to include overwater routes.
Flight data monitoring and data sharing are important tools to help identify potential safety risks before they become serious issues. That said, many operators are uncertain about how they work, what equipment is needed and what this information can offer their operations. NBAA has developed a new, comprehensive resource to answer those and other questions.