Challenges for Private Aviation Deals during Covid-19
Purchasing, financing, and chartering private aircraft during the current pandemic is presenting novel and significant challenges to various aspects of a deal that require all parties to be more flexible at all stages of the transaction. Given the COVID-19 flare-ups in various parts of the United States and the possibility of going back to partial or full lockdowns, one must plan and negotiate documents to address the significant uncertainty. For purposes of this discussion, assume a company can charter a Challenger 350 (also known as a Bombardier BD-100-1A10) on an as-needed basis or purchase the same, and finance 90% of the purchase price.
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“Challenges for Private Aviation Deals during Covid-19,” by Joel Charles Shapiro was published in the Fall 2020 edition of the Journal of Equipment Lease Financing (Vol. 38, No. 3), a publication of the Equipment Leasing & Finance Foundation. Reprinted with permission.