Posts by Tracey Cheek
Registering Your Aircraft in Trust: Who Can be a Beneficiary of an Aircraft Trust?
Clients often wonder who the beneficiary can be when they register an aircraft in trust. It’s fairly straightforward – the beneficiary of an aircraft trust can essentially be who or what you want it to be, as long as it is legal within local structures. After all, aircraft trusts were created to solve a problem…
Read MoreTransferring the Beneficial Ownership of a Trust
Many of our customers are familiar with the process of registering in trust, and the reasons to do so; yet questions remain regarding transferring the beneficial ownership of a Trust. A great example we hear is “If I sell my aircraft, does the new buyer need a new trust?” Simply answered, “No, you can transfer…
Read MoreRegistering in Trust: The FAA’s Position on Aircraft Titles
The civil aviation industry relies on the FAA for many services, including information, certification, and training. While the FAA also provides many resources, it is still sometimes difficult to understand how they handle documentation – that is important when registering in trust. Further, and more specifically, what is the FAA’s position on aircraft titles? The answer,…
Read MoreUpdate on Brexit and European Aviation Operations for US Registered Aircraft
Last year, we discussed How Brexit Could Affect European Aviation Operations for US Registered Aircraft. Brexit was a considerable topic with worldwide implications – people from all corners had been surmising at length what would take place and when. Negotiations went on at length, and with multiple extensions to the United Kingdom’s actual exit from…
Read MoreStart with an Aircraft Title Search: Eliminate Buyer’s Remorse
The importance of an aircraft title search is a topic we’ve covered a lot, and continue to – this step, which in our opinion should be the first, is still often overlooked for no good reason. Last month In Why Bother with a Title Search, we discussed just how detrimental an aircraft deal “done on…
Read MoreClearing Clouded Aircraft Titles for Owners in Trust
Let’s talk about clearing clouded aircraft titles. There are quite a few circumstances that cause clouded aircraft titles. Any break in the chain of title can cause difficulties for owners when they try to buy, sell, or register their airplane. If the problems are overlooked, new owners, or owners in trust, inherit what the previous…
Read MoreRegistering in Trust – Why Bother with a Title Search beforehand?
Registering in trust is when an aircraft trust is set up to give the airplane ownership to a trustee who meets the FAA registration requirements on behalf of the true owner. We often receive pressing and important phone calls from potential clients that require a direct response – this month’s topic stems from exactly that, with an urgent…
Read MoreUpdate: Additional Change to FAA Public Documents Room Due to COVID-19
The FAA‘s Civil Aviation Registry has made another important change to their Public Documents Room (PDR) procedures due to the continued spread of COVID-19, or Coronavirus. After multiple changes made last week in order to protect their employees, permit-holders who regularly access the PDR, their families and the public at large, they have taken a…
Read MoreCoronavirus Impacting Aviation | FAA Makes Changes to Public Documents Room Due to COVID-19
In light of the continued spread and impact of COVID-19, or Coronavirus, the FAA Civil Aviation Registry has issued new procedures affecting the Public Documents Room (PDR) in the Mike Monroney Aeronautical Center.
Read MoreGATS! Coming Soon to a Country Near You
The Global Aircraft Trading System, or GATS, is an initiative stemming from one of the most successful multi-country treaties. The Cape Town Treaty, signed in 2001, set up uniform rules and regulations to help facilitate asset-based financing and leasing of aviation equipment worldwide.
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