May 5, 2014
With a steadily improving US economy, aircraft values stabilizing globally, and companies with readily available access to capital, it is an opportune time to bring aircraft into the US at a lower cost, according to Jetcraft COO Peter Antonenko.
As aircraft make their way stateside, there are a number of economic questions that both a buyer and seller must answer: Who handles export from the current country? Who handles import? Who pays taxes and other delivery costs? What will be the arrival airport? For the right answers, it means working closely with the country of registration, FAA, Customs and Border Patrol, and the Department of Treasury.
“Where the aircraft is located and where it’s going, that’s where it starts. Then you can begin looking at paperwork and the next steps,” said Antonenko. “Filing a customs declaration, following the normal international arrival procedures, and hiring a broker are all parts of the initial process. Mishandling any of these steps can slow...