BarbriSFCourseDetails
  • videocam Live Webinar with Live Q&A
  • calendar_month April 22, 2026 @ 1:00 PM ET/10:00 AM PT
  • signal_cellular_alt Intermediate
  • card_travel Banking and Finance
  • schedule 90 minutes

Structuring Aircraft Acquisition Transactions: Purchase, Lease, and Financing Alternatives

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About the Course

Introduction

This CLE course will examine the purchase, lease, and financing structures available for acquiring aircraft. The panel will examine specific structures involving purchase contracts, security agreements, and leasing options. The panel will also discuss underlying concerns for buyers/lessees/borrowers and their counsel at each step of the acquisition process through the closing, including title transfer, registration, and significant clauses in the deal documents.

Description

An aircraft can be acquired by a secured loan, an operating lease, a financing lease, or variations of these methods. Counsel advising the acquirer should have a thorough understanding of the structuring options available, their documentation, and the advantages and disadvantages of each.

A secured loan allows the purchaser-borrower to take immediate title to the aircraft (and lease it to a different operator). Still, it is typically full recourse to the purchaser-borrower. Provisions customary to secured loan transactions will restrict the owner's ability to operate its business and incur further debt. In contrast, operating lessees have greater flexibility in managing their fleet because they can increase their lift capacity only as and when needed by just signing an operating lease and returning the aircraft when it's no longer needed.

In a finance lease structure, the parties structure the lease so that rent payments return all or substantially all of the acquisition price. The risks and rewards incident to the aircraft ownership transfer to the financing lessee and the lessee has the right or obligation to purchase the aircraft at the end of the lease term. A leveraged lease is similar to a finance lease except that the financer provides the financing lessee with loans to cover a portion of the acquisition cost of the aircraft.

Listen as our authoritative panel discusses these and other alternatives to acquiring an aircraft. The panel will also review the significant title, registration, regulatory, and other deal points, as well as clauses to consider when documenting the transaction for acquiring a U.S. or foreign aircraft.

Presented By

David M. Hernandez
Shareholder
Vedder

Repeatedly recognized as a leader in his field, Mr. Hernandez manages all aspects of aviation transactions and financings, regulatory compliance, risk assessment, government investigations and enforcement defense. Clients ranging from Fortune 500 companies, high-net-worth individuals, governments, corporate flight departments, and charter operators to some of the world's largest airlines and aerospace manufacturers, defense contractors, and airports seek his help in managing their aviation transactions from inception to post-close operations, as well as their regulatory matters. Mr. Hernandez’s experience spans aircraft selection, deal due diligence, broker selection, contractual and management agreements, documentation, tax planning, use policies, inspection and closing processes, and dispute resolution. He has significant experience resolving aircraft operational issues, financing, leasing and regulatory matters, complex government investigations, aircraft and part certifications, and FAA, DOT, BIS/OFAC, IRS and SEC enforcement matters. He is also well-versed in cross-border aviation/aerospace matters, including tariffs, export controls, international sanctions, transactions and international disputes. Over the course of his career, Mr. Hernandez has handled more than 1,000 successful transactions and has crafted solutions that meet his clients’ short and long-term objectives. He has also resolved several complex government enforcement matters, tax audits and investigations. Mr. Hernandez frequently speaks and writes about emerging regulatory and transactional issues in aviation.


Lori N. McGee
Attorney
Jetstream Aviation Law, P.A.

Ms. McGee works with businesses and high net worth individuals on acquiring and structuring ownership of corporate jets. She is adept at supporting clients in finding the balance between business interests, tax goals, and regulatory compliance. Ms. McGee has extensive experience in aircraft acquisitions, finance, leasing, management, charter operations, insurance, regulatory matters, and federal and state tax matters. She has a particularly and uniquely high level of regulatory experience, making her an excellent attorney to support both domestic and international clients as they explore aircraft ownership options and move through the acquisition process. Ms. McGee is highly skilled in achieving regulatory compliance, mitigating risk and liability concerns, and setting up and achieving business and tax goals. She is affiliated with the Women in Corporate Aviation organization as well as the National Business of Aviation Association. Ms. McGee has been honored to serve on multiple industry committees, including the Part 125/135 Aviation Rulemaking Committee, and the NBAA Regulatory Issues Advisory Group. She has also written numerous published articles on business aviation issues and is a frequent speaker at aviation conferences and events.

Trey Range
Shareholder
Baker, Donelson, Bearman, Caldwell & Berkowitz PC

Mr. Range has significant experience representing Part 91 and Part 135 operators, buyers, sellers, lessors, and lessees in aircraft leases and purchases. He also has experience representing lenders in aviation finance transactions and partnering with all types of aviation businesses, including maintenance, repair, and overhaul (MRO) facilities; aircraft leasing and financing companies; aircraft management companies; and aircraft parts manufacturers and sellers.


Credit Information
  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Wednesday, April 22, 2026

  • schedule

    1:00 PM ET/10:00 AM PT

I. Secured loan structure

II. Operating or "true lease"

III. Finance lease structures

IV. Advantages and disadvantages of each structure for purchaser/borrower/lessee

V. Clauses that the acquirer must "get right" in each structure

VI. Key steps to take at the FAA, International Registry, and foreign aviation authorities

VII. Insurance and maintenance requirements to consider

VIII. Considerations when acquiring aircraft from outside the U.S.

The panel will review these and other noteworthy issues:

  • How do secured loans, operating leases, and financing leases favor and disfavor the acquirer of an airplane?
  • How should critical clauses in deal documents be drafted when acquiring an aircraft?
  • What legal due diligence should be conducted when purchasing or financing an aircraft?
  • What additional rules apply when acquiring an aircraft from a source outside of the U.S.?