Fladgate LLP has acted for an individual on the purchase of a five year old, 10 seater private jet – a Cessna Citation X – which is considered to be a long range medium business jet aircraft and the fastest operational civilian jet in the world.
The aircraft was purchased by our client from Cessna Finance on the US ‘N’ Register. Since the purchase, the registration of the aircraft has been transferred to the Isle of Man ‘M’ Register.
Fladgate also negotiated the management agreement for the management of the aircraft by Sundt Air, a Norwegian operator of jets, based in Oslo. Fladgate is presently assisting the client with refinancing the aircraft.
Partners, Sunil Sheth and Eddie Powell, together with Associate, Mythily Katsaris, advised on the transaction.
We operate in small teams in which partners not only take the lead but also do a significant amount of the detailed work. Clients can be assured that the partners they engage and brief will remain closely involved in developing and delivering the advice as part of our close-knit, expert teams.
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