Investing in aircraft: the South African legal landscape and the partnership model of acquisition

Ord, James

Investing in aircraft: the South African legal landscape and the partnership model of acquisition

Thesis / Dissertation

2009

Publisher

University of Cape Town

Department

Department of Commercial Law

Faculty

Faculty of Law

Abstract

Financial advisors have in the past and continue to suggest that the most prudent course of action to be taken in adopting an investment strategy is to have a diversified portfolio. In other words, as the age old adage states: "Never put all your eggs in one basket". It is this financial strategy that has prompted the growth inter alia in South Africa of the alternative asset class of investments available to natural and juristic persons. The investment class concerned would include investments in private equity funds, mezzanine debt, black economic empowerment (BEE) financing, infrastructure funding, development and environmental assets, entrepreneurial venture funding and non-mainstream movable assets such as transport containers (for marine vessels). Included in this asset class would be investment in aircraft and aviation products. The lack of sophisticated infrastructure in Africa has adversely impacted on the growth and development of Southern Africa, but it has presented a unique opportunity for South African funded aircraft charter operations to satisfy many of the transport dilemmas. The rapid growth in the tourist industry in many African countries, combined with the diminished risk in the political and socio-economic elements in Central and North Africa, have created economic opportunities in private aviation.

Keywords

aircraft

the South African legal landscape

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