Page 11 - Nov 2015 Volume 9, Number 11

Buying or selling a King Air?
Put my 35 years of experience to work for you
Bob Currey Turbine Aircraft Brokerage and Appraisal
in his Bonanza. Sadly, neither the pilot nor employee survived the flight – stall/spin on final. Additionally, after the fact, it was discovered the pilot had an expired medical and the Bonanza was out of annual. How would your policy respond to this type of claim? Would you still have coverage with an unairworthy airplane and pilot? What if the aircraft was experimental or a piston- powered helicopter? Not all policies have the proper coverage in place to cover these circumstances.
This scenario might be covered under your policy, but it is important to manage your unknown exposures such as this. If you are a business with employees, most likely you have an employee handbook. This is an excellent place to add a section as it relates to business travel. You may make it as limiting or liberal as you want. You could be extremely limiting by stating, “Employees may only travel on FAA-approved Part 121 airline carriers, company owned and operated aircraft, or fixed wing, multi-engine, turbine-powered aircraft operated by two qualified commercially licensed pilots.” It doesn’t have to be that restrictive, but that is an example of just how limiting you can be in your corporate travel policy. Any exceptions would then have to be approved, by the company, in writing. You can amend your handbook to whatever risk tolerances you are willing to accept. Once guidelines are in place, you can provide them to your insurance company so they are aware you are attempting
ATP Pilot with Over 6,000 Hrs. Experience in All King Air Models.
Senior Certified Aircraft Appraiser with the National Aircraft Appraisers Association (NAAA).
Appraisal Compliance with Uniform Standards of Professional Appraisal Practice (USPAP).
NAAA Certified Buyer’s agent.
“Want to buy or sell your King Air but don’t know what it’s worth? Contact me, I can help with that.”
Aviation Services & Sales, Inc.
Georgetown, TX • rbc@suddenlink.net Phone: 512-869-2020
NOVEMBER 2015
KING AIR MAGAZINE • 9