Category Archives: Aircraft Transactions

COVID-19 Pandemic and Business Jets Not all sectors of the aviation industry have suffered at the hands of the COVID-19 pandemic. Business jet ownership has become increasingly necessary as ever-changing government regulations, including restrictions on travel generally, have reduced the availability and ease of use of scheduled flights. Gulfstream G700 Article, If anything, the pandemic […]

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, […]

Aircraft transactions are complicated processes that require detailed knowledge of aviation regulations, business practices, taxation of aircraft assets, and international law – knowledge that YYZlaw has been steadily building over many decades. These processes can be boiled down to three main categories of agreements: i) contracts of purchase and sale, ii) lease or finance agreements, […]

Aircraft Registration Canada Operating under the Cape Town Convention and Aircraft Protocol (CTC), the International Registry of Mobile Assets (IR) provides for the electronic registration and protection of ‘international interests’ in aircraft objects, namely airframes capable of transporting 8 or more passengers or goods in excess of 2750 kilograms, helicopters capable of transporting 5 or […]

It has recently come to our attention that one American financial institutions acting as owner trustees for the purposes of aircraft registration under the United States FAA Aircraft Registry system, had begun denouncing their appointments as trustees and commencing the process for either transferring or collapsing the existing trust structures.BackgroundUnder the rules for registering aircraft […]

Airplane Registration Canada Walk the ramps of any Canadian air field and you will find a significant percentage of aircraft, especially general aviation aircraft, under U.S. Registry. All of these aircraft are in Canada illegally – some more so than others! Most countries, Canada and the U.S. being included, restrict the registration of aircraft through […]