Author Archives: Shaul Gordon

When it comes to acquiring an aircraft, understanding the intricacies of the aircraft purchase agreement is pivotal to ensuring a smooth transaction. Among these complexities, the inclusion of spare parts in aircraft purchase agreements often emerges as a critical point of negotiation. This guide aims to shed light on the importance of detailed inventory requirements […]

Here are some of the legal and practical reasons why disclosing the MSP agreement is neither market standard nor appropriate. Disclosure of MSP Agreements in Aircraft Purchase Transactions In aircraft purchase agreements, it is commonplace for such agreements to contain covenants whereby the aircraft seller “assigns” all of its rights under the MSP Agreements to […]

On August 30th, 2023, Air Canada confirmed that it would no longer offer non-stop flights from Calgary to Ottawa, Halifax, Los Angeles, Honolulu, Cancun, or Frankfurt as of the end of October 2023, due to ongoing fleet and crew constraints. The aviation industry’s long-standing concerns about the lack of a pipeline of qualified workers for […]

Congratulations on your decision to buy an airplane! Purchasing an aircraft is a significant investment. Here are a few reasons why involving a lawyer can be beneficial to ensure a smooth transaction: Legal Documentation: A lawyer can assist in the review and preparation of the necessary legal documents related to your purchase. This includes drafting or […]

Prospective aircraft buyers are sometimes unsure of whether an aircraft purchasing agreement is necessary when acquiring an aircraft. Like many transactions, purchasing and owning an aircraft requires careful consideration of a variety of factors, such as: future resale value, regulatory compliance, applicable sales taxes, aircraft inspection and condition, title searches and lien status, insurance requirements, […]

In Budget 2021, the federal government proposed a tax on the sale of new luxury goods purchased for personal use, such as boats, cars, and aircraft (the Proposed Luxury Tax). Today they’ve updated their plans and have indicated that, subject to Parliamentary approval (which is all but certain), the proposed Canada Luxury Tax would come […]