Top officers at large companies and ultra high net worth individuals, like celebrities, are often surrounded by trusted managers, advisers and others. \u00a0Although the aircraft is a business asset, it \u00a0also is typically a purchase in which the principal has personal and intimate involvement. \u00a0This can result in direct participation by the principal in the minutiae of the acquisition instead of remaining in his or her normal role of providing a broad \u00a0objective to his or her advisers and letting them, and experienced aviation counsel and other aviation professionals, work through the detail. Objectivity of the lead adviser can be compromised in favor of keeping the principal happy, being ” respectful” or even patronizing. This is especially difficult when the principal imports his business experience from an unrelated area \u00a0into a corporate aircraft transaction, where what\u00a0 is “customary” or “market” is completely unrelated to his or her substantive business experience. When (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Top officers at large companies and ultra high net worth individuals, like celebrities, are often surrounded by trusted managers, advisers and others. \u00a0Although the aircraft is a business asset, it \u00a0also is typically a purchase in which the principal has…<\/span><\/p>\n