Transactions held on EU aircraft being sold outside of the European Union require an EU export. A non-EU buyer can close on an aircraft in the European Union if it is exported within 90 days.
A common misconception is that an export means simply flying the aircraft out of European airspace.
In actuality, an export requires a technical customs process to be conducted for the aircraft to successfully be able to leave the EU, requiring more effort than just hopping in the jet and flying out.
At the last point of departure before leaving European airspace, a series of paperwork must be filed to physically remove the aircraft’s import status as a good to travel freely within the EU union. Once the jet has been officially removed, it can leave the EU and upon its arrival outside of the EU, proof must be sent that it has arrived outside of European airspace, thus completing the export process.
It is not a difficult process or an expensive one, but it has a lot of bearing on the VAT applicability and must be conducted correctly. Your broker will be able to provide with the specifics regarding your aircraft transaction and what documents and time is required to fully meet EU requirements.