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
The NBAA Flight Plan podcast, which ran from 2009 to 2025, provided an overview of important developments affecting NBAA members, and the association’s work to advocate for their interest. The archive of past episodes will remain available for your enjoyment. Please note that no new episodes will be released.
NBAA announced a new member resource providing a comprehensive introduction to the tax, regulatory and transactional considerations involved in the complex process of acquiring a business aircraft.
The grounding by the FAA of approximately 800 general aviation aircraft registered through a U.K.-based trustee highlights the need for operators to conduct thorough due diligence when utilizing an owner trust to facilitate U.S. aircraft registrations.