The Intricacies Of Executive Use Of Corporate Aircraft

Law360, New York (July 23, 2012, 1:32 PM EDT) -- There are many reasons that companies may want to purchase or lease corporate aircraft for the use of their executives, directors or other employees. Chief among these are security, efficiency and convenience.

However, when making the decision whether to afford executives and directors use of the company jet, many companies fail to consider the complex maze of applicable statutory and regulatory restrictions. Executive[1] use of company-provided aircraft for business or personal travel can trigger compliance issues with multiple federal regulatory agencies, including the Federal Aviation Administration...
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