A typical acquisition includes defining the mission (range, passengers, runway), market search, letter of intent, deposit in escrow, pre-purchase inspection, and closing with FAA registration.
Many buyers use an aviation attorney and a title/escrow company that handles FAA filings.
Budget for operating costs: crew, hangar, insurance, maintenance programs and fuel.
FAQ
Typically an aviation title and escrow company files with the FAA Aircraft Registry.
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