Under Section 1031
© 1999 KEITH G. SWIRSKY

Keith G. Swirsky is a partner with Galland, Kharasch, Greenberg, Fellman & Swirsky, P.C., one of the nation's leading aviation law firms. The law firm, and its affiliated consulting firm, employ over thirty aviation lawyers and consultants, and provide a diverse range of services in all sectors of worldwide aviation, representing the needs of businesses, airlines, airports and municipalities. As part of our global transportation practice, the Business Aviation Group provides legal and consulting services to the business aviation industry.

Mr. Swirsky represents the aviation industry from many perspectives -- the aircraft owner and corporate flight department, the fractional program manager, the aircraft charter and management company, the equipment manufacturer and distributor, the lender, the airline and the airport. Mr. Swirsky and the members of the Business Aviation Group provide legal and consulting services to the business aviation industry, including:

	development of fractional ownership programs
	purchase and sale negotiations and documentation
	development of aircraft ownership and operating structures to meet regulatory, tax and liability protection planning concerns
	tax-free exchanges of aircraft
	taxation of aircraft use and ownership, including depreciation deductions and federal excise taxes
	state sales and use taxes
	personal use of corporate aircraft
	IRS, FAA and DOT compliance, enforcement actions and regulatory filings
	acquisition financing and leasing
	creation of business plans and financial models

Mr. Swirsky presently serves on the Tax Committee for the National Business Aircraft Association and is a regular speaker at the NBAA's Tax Conferences as well as other industry trade association and continuing education conferences. Mr. Swirsky received his J.D. and L.L.M. in Taxation from Georgetown University Law Center and his B.S. in Business and Accounting from Cornell University.

In connection with conducting and documenting aircraft tax-free exchanges, the law firm will serve as the Qualified Intermediary at no additional fee and has developed planning techniques for acquisition of the replacement aircraft prior to sale of the relinquished aircraft.

Galland, Kharasch, Greenberg, Fellman & Swirsky is based in Washington, D.C.. For additional information, please contact Keith G. Swirsky at (202) 342-5251, e-mail to kswirsky@gkglaw.com or visit our website at www.gkglaw.com.