Business aircraft owners place great emphasis on who will operate their aircraft, and rightly so. However, the manner in which the ownership is arranged is also highly important. By placing an aircraft in a standalone ownership company a client will reduce potential personal liabilities through the mechanism of limited liability and may benefit by structuring their corporate and family tax affairs with greater certainty.
We work with clients and their family offices to provide the most suitable business aircraft ownership arrangements, whether this is through a limited company, a limited liability partnership or LLC.
We can provide ownership in several European jurisdictions and we welcome enquiries from all business aircraft owners in the UK, EU, North America, Middle East or Asia.
For ownership entities we provide:
- Management and control
- Directors, Officers
- Registered Office, Registered Agent, Company Secretary
- Accountancy, bookkeeping and VAT administration
- Guidance regarding choice of aircraft registry
- Company, LLC, LP, Trusts, Foundations
- Documentation and agreement review
- Day to day administration including operation of bank account
Related news, faqs and factsheets
Navigating Commercial Aircraft Returns in a Pandemic
There are few other assets that are as intricate and complex as aircraft.
ABC of Aircraft Returns
Understand all the legal, registration, and tax issues associated with aircraft transitions and returns.
Be Prepared for 31 December 2020
In less than 4 months’ time the UK will leave the European Union (31 December 2020). At the time of writing there is no agreement in place to determine what the status of goods (including business aircraft) imported into the EU (including the UK and Isle of Man) before 31 December 2020 will be.
In the newsletter attached Martyn Fiddler Aviation outline the list of possible results, explaining the impact of each scenario and the work that will be requested of aircraft owners in order to remain in free circulation in both the UK and the EU.
Receivers, insolvency practitioners and liquidators
In the current climate it is likely that there will be some aircraft financiers who will either fail or will need to reduce their portfolios. The knock on effect will be the increased number of repossessions or other potential insolvency action.