Tips for Avoiding Transaction Bad Actors in Aviation

Dec. 16, 2019

Hundreds of sales transactions take place each day in the industry – from aircraft to avionics to engines and other components. Many of these are coordinated through third parties, and sellers may not be aware of the ultimate end user. “This issue is a risk-based one, so if you’re selling parts domestically, the risk that you’re going to end up dealing with a bad actor is much less than when you’re engaged in an international transaction or where the buyer is somebody shady,” noted Jonathan Epstein, a partner with Holland & Knight. Sellers must have an export control compliance program in place, advised David Hernandez, a member of the Global Transportation Finance Team at Vedder Price.

In this episode of NBAA Flight Plan, host Rob Finfrock speaks with:

  • David Hernandez, a member of the Global Transportation Finance Team at Vedder Price
  • Laura Martino, associate general counsel for compliance and privacy at Global Jet Capital
  • Jonathan Epstein, partner with Holland & Knight
  • NBAA Flight Plan is sponsored by Schedaero, the software that elevates your flight operations.

    Podcast Episode

    February 26, 2024

    Podcast: Expanding Opportunities to Join Business Aviation

    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.
    Listen Now

    February 20, 2024

    Podcast: Enhancing Privacy for Business Aircraft Operators

    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.
    Listen Now

    February 12, 2024

    Podcast: How Data Collection, Monitoring and Sharing Improves Safety

    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.
    Listen Now

    February 7, 2024

    NBAA Flight Plan Extra: A Start-of-Year Reminder of Business Aviation’s Value

    In this special edition of NBAA Flight Plan, podcast host Rob Finfrock gets a few moments in between conference sessions with NBAA President and CEO Ed Bolen to discuss the latest efforts by the association to highlight business aviation's societal benefits.
    Listen Now