Can Aircraft Owners Avoid Personal Liability for Air Crashes?

If the aircraft you own augers in, how can you limit your liability exposure? Does it help to create a corporation or LLC to own the aircraft? What are the liability ramifications if you leaseback your plane? What if you lend or rent the aircraft to someone else and they crash, or commit some violation...are you still liable? Does it matter what state you live in, or where the crash occurs? How can you protect yourself and your assets? AVweb's aviation law guru offers answers to these and a host of other questions that every aircraft owner, operator and pilot will want to read, then print out and save.

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