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GKG Law Provides Experience, Knowledge and Depth to Aircraft Transactions

GKG Law is well-known and highly regarded in the business aviation marketplace for its dynamic handling of the complex legal and tax issues involved in business aircraft transactions. The firm’s business aviation group has marshaled extensive knowledge of tax, regulatory and other legal issues relating to the acquisition, ownership and operation of business aircraft to provide its clients with expert counsel relating to these matters.

Specific services that GKG Law provides to its business aircraft clients include the drafting and negotiation of aircraft purchase and sale documentation and the creation of aircraft ownership, operation and leasing structures that are compliant with the Federal Aviation Regulations, including FAR Part 91 (for the small, non-commercial aircraft operator) and FAR Part 135 (for the commercial aircraft operator). The firm also provides its clients with state sales and use tax planning, federal income tax and excise tax planning, and implementation of like-kind exchanges of aircraft.

“Our attorneys provide a powerful combination of experience and expertise: graduate degrees in taxation, prior work experience at the Federal Aviation Administration and the Department of Transportation, and many years of aviation experience both in government and in private practice,” says Chris Younger, Partner with GKG Law, P.C. “We facilitate the deal, break impasses and work cooperatively with brokers, dealers and other interested parties. We have solid, established relationships with a large segment of the market brokers and dealers, lenders, management and charter companies in the United States and others who may have a bearing on the transaction. These relationships allow for more cooperative negotiations and a higher level of trust among the various parties to the deal.

“In addition to experience, knowledge and depth, these relationships are vital to our business,” Younger continues.” Some of the country’s largest law and accounting firms regularly refer business to GKG Law. Our clients know us for our ability to anticipate potential problems and provide unique and creative solutions to their business aviation issues.”

Founded in 1955, GKG Law is located in Washington, D.C., and is a recent member of the National Aircraft Resale Association, joining in 2012.

“Based on my prior experience as a NARA associate member, I knew that the broker/dealer members and associate members of NARA represent the finest professionals in the turbine aircraft marketplace,” Younger says. “I sought NARA membership for GKG Law because I wanted the opportunity to work more closely with other NARA members. I also knew that it would give our clients and potential clients the confidence that, in representing them through every phase of turbine aircraft acquisition and ownership, GKG Law is pledged to the industry’s most stringent ethical guidelines and the highest in professional standards.”

For more information about GKG Law, visit the firm’s website at http://www.gkglaw.com/ or call 202-342-5295.

Posted on: August 7, 2012

Written by: Brian Humes