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Posts From Alasdair Whyte

Keeping up standard (contracts)

Keeping up standard (contracts)

Some comfort and words of caution to business jet lenders (and lessors) using precedent/standard form documents. Paul Jebely, managing partner, Hong Kong, Pillsbury Winthrop Shaw Pittman (Hong Kong), Deborah Ruff, partner, Pillsbury Winthrop Shaw Pittman (London), and Julia Kalinina Belcher, counsel, Pillsbury Winthrop

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Zetta Jet stopping flying

Zetta Jet stopping flying

Zetta Jet, the Singaporean and US business jet charter company, is stopping operations on November 30. The company filed for Chapter 11 protection in September. It had arranged a $8.5 million loan with one of its lessors and customers to

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Printing the future

Printing the future

Unless you are reading this from your flying car, you can be forgiven for being sceptical about technology forecasts. We have all been overpromised many times before. But by 2025 it will be common for aircraft flying into an airport to

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Ctrl + P = aircraft: How additive manufacturing will reshape aviation

Ctrl + P = aircraft: How additive manufacturing will reshape aviation

Things have changed a lot since Dr Robert Sharman, global head of additive manufacturing (AM) at GKN, first became involved in 3D printing. In fact, when he started, neither term existed. His PhD was about powder deposition. The same thing

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Zetta Jet gets $8.5 million to fund restructuring

Zetta Jet gets $8.5 million to fund restructuring

One of Zetta Jet’s lessors and customers will provide up to $8.5 million in loans to help it restructure and exit Chapter 11 bankruptcy protection. The loan has been provided by Scout Aviation, a lessor, owned by financier Nathanial Rothschild.

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Paradise lost

Paradise lost

Like most people, lawyers love hearing about the misfortune of their competitors. At any industry event, small groups will gather to discuss tales of client problems, partners leaving and firms struggling to get by. But the one exception to this

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Paradise Papers: Detailed private jet and yacht allegations due Monday

Paradise Papers: Detailed private jet and yacht allegations due Monday

The International Consortium of Investigate Journalists (ICIJ) and 95 media partners have started publishing stories relating to the data breach at Appleby, the leading offshore law firm. It is calling the leaks The Paradise Papers. Together they have reviewed more than

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“957 Business Jets In The Isle Of Man Seems A Bit Excessive”

“957 Business Jets In The Isle Of Man Seems A Bit Excessive”

“Mr Speaker, 957 business jets in the Isle of Man seems a bit excessive for any island anywhere,” said Jeremy Corbyn, the leader of the UK opposition during Prime Minister’s Questions in the House of Commons this week. “I hope

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Isle of Man aircraft VAT raised in UK Parliament, Appleby says it did not advise on business jet imports

Isle of Man aircraft VAT raised in UK Parliament, Appleby says it did not advise on business jet imports

Jeremy Corbyn, leader of the UK opposition, has used Prime Minister Questions to ask Prime Minister Theresa May about the importation of business jets into the European Union through the Isle of Man. Corbyn (pictured) has called for Her Majesty’s

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Isle of Man and Appleby brace for allegations of VAT avoidance on aircraft imported into the EU

Isle of Man and Appleby brace for allegations of VAT avoidance on aircraft imported into the EU

The issue of Value Added Tax (VAT) or sales tax on aircraft being imported into the Europe Union is complex enough to support hundreds of experts. A fair number of these are on the Isle of Man which is now

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