Debts Attached To The Helicopter
'Uplifting avoids a catastrophic and very costly legal battle by safeguarding client’s
We have witnessed a number of cases where buyers did not perform a complete due
diligence on the ownership and equally have no idea nor any understanding of how
to carry out a search on debts/liens attached to the helicopter(s) they wish to purchase.
We have seen buyers make cash payments, purchasing the helicopter, only to find out
they cannot de-register it because there are liens attached to it.
We also had a situation where the helicopter was purchased but money was owed to
the maintenance facility which, in turn, refused to release the helicopter maintenance
records without being paid the outstanding invoices due by the owner(s) of the helicopters.
Sometimes more than one supplier is owed money by owner(s). Such situation can be
traumatic for the buyer who has no other choice but to pay all outstanding cost or
take the route of a very long and very costly legal battle.
Uplifting Aviation Protection
Over the past 11 years we have saved buyers hundreds of thousands of dollars, euros
and pounds by using a wide range of methodologies to avoid these traps. We put each
transaction through escrow and also manage all aspects of the deal within the purchase
agreement. We then set out the terms and release of funds according to each
and every specific situation. If for instance the maintenance facility is owed money
and the helicopter is still under a lease finance agreement that is not settled,
we are able to negotiate a settlement with all parties across borders in a specified
time frame. This protects the buyer’s interest and avoids catastrophic legal battles.hic