Aircraft deal checklist

Step 01

Define the purchase

Confirm the intended mission and seating needsConfirm asking price, currency, and availabilityIdentify the legal seller and broker's authority

Step 02

Review the aircraft

Request logbooks and a current status reportConfirm airframe and engine times with as-of datesReview due items with an independent maintenance professionalAgree the scope and timing of the pre-purchase inspection

Step 03

Prepare the transaction

Have aviation counsel review the transaction termsArrange title / lien searches and independent escrowConfirm applicable registration and import / export stepsArrange insurance and delivery requirements

Step 04

Prepare for handover

Resolve inspection discrepancies under the agreementConfirm closing documents with counsel and escrowRecord delivered equipment, keys, and records

A little structure. A lot more clarity.

Define the purchase

Review the aircraft

Prepare the transaction

Prepare for handover