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Pre Purchase Inspection
In a similar way to buying a house a client needs to have their chosen aircraft inspected or surveyed in order to ensure that the aircraft has been maintained correctly and is up to date in terms of manufacturer requirements and that any applicable airworthiness directives have been complied with correctly and in due time. A Pre-Purchase Inspection (“PPI”) will enable the client’s appointed engineers and advisors to review in detail all of the maintenance entries for the aircraft and to undertake a physical inspection of the aircraft. Lateral 4T can organise and oversee the conduct of the pre-purchase inspection of an aircraft and undertake a specific audit of aircraft records in order to ensure that the aircraft has been maintained in accordance with manufacturer maintenance programme requirements. Specialist advice on the interpretation of pre-purchase inspection reports and acceptability of discrepancy items by Lateral 4T will invariably save the client from acquiring an aircraft with costly maintenance faults.
The extent of the PPI will be subject to the age of the aircraft in question and the number of hours flown, but will always involve the requirement for a boroscope examination of the engines and (where applicable) the APU.
The results of the PPI and their interpretation will form the basis of the ultimate decision as to whether or not to proceed and the justification for any negotiated price reduction. Lateral 4T is able to advise upon the results of pre-purchase inspections and to assist in the negotiation of appropriate reductions in price or insistence on maintenance items being completed or undertaken.
Please feel free to contact Tobi Mathews by telephone on +44 1534 484266 or by mobile on +44 77977 48881 or by email on email@example.com to discuss any of the areas of the structuring of your business or the businesses of your clients that Lateral 4T Limited can advise upon.
- Operational Management Arrangements
- Maintenance Oversight
- Sales Agency
- Acquisition and Disposal
- Letter of Intent – Sale Agreement – Used Aircraft
- Choice of Sales Agent/Lawyer/Representative
- Finance Arrangements
- Transaction Closing & Escrow Agents
- Pre Purchase Inspection
- Paper Plane of the Month