Blog
Aircraft Guaranty Corporation Partners with Wingform
FOR IMMEDIATE RELEASE OKLAHOMA CITY, Okla. – Sept. 25, 2018 Aircraft Guaranty Corporation (AGC), one of the most well respected trustee service providers in the aviation industry, is pleased to announce their strategic partnership with Wingform.com, aircraft sales industry experts behind the software catering to the buying and selling of aircraft, in collaboration with Bird […]
Should Aircraft Owners Use Delaware Corps?
It’s not uncommon nor is it illegal for an owner to set up an LLC to hold the title to an aircraft. In general – and not only for aircraft owners – the taxing structure in Delaware is one of the most favorable for small businesses and LLCs. Delaware is known as a very entrepreneur-friendly […]
Reasons to use a Short-Term Trust
There’s no reason to try to “get around” to registering an aircraft in trust. Owners sometimes think there are reasons, either financial or personal, why they shouldn’t set up a short-term trust for their newly-purchased aircraft. Let’s look at one scenario to understand the severity of what might happen: A foreign buyer needed to register […]
The Pilot Chronicles of: Wilhelm Heinz
Our customers often share their flying experiences with us. Wilhelm Heinz is one such customer, who flies both professionally and for pleasure. This month get to know Wilhelm and his love for flying. 1. Tell us about your aircraft and how long you’ve owned it. My P-51D Mustang, LOUISIANA KID, was purchased in Baton Rouge, […]
Know Your Customer Requirements for Aircraft Trust Companies
Know Your Customer (KYC) is the term used by businesses in which they verify the identity of prospective customers to determine if the client is someone with whom they should be doing business. KYC laws were introduced as part of the Patriot Act that was passed after 9/11. Title III of the Patriot Act requires […]
The History of Aircraft Trusts
Aircraft trusts are an acceptable means for registering aircraft in the United States. What was initially set up to assist the commercial aviation industry is now also used by private aircraft owners to obtain US registration. The Civil Aeronautics Act of 1938 states that the owner of an aircraft is the person who holds the […]
Short-Term Trusts
When a US-registered aircraft sale is “closed,” its existing registration becomes invalid and the plane must be reregistered by its new owner. There’s a problem when a new owner does not meet the qualifications to register the aircraft in their own name. An aircraft must be registered, and we know that the FAA has stringent […]
The Transparency of Aircraft Owner Trusts
Aircraft, like many other assets, may be owned in trust by a third party on behalf of another in the United States. These are known as owner trusts, and they have been used for legitimate business purposes for 40 years in US aviation. Owner trusts were originally developed to support the sale of aircraft by […]
8 Benefits to Registering an Aircraft in Trust
The most common reason for setting up an aircraft trust is to provide a solution for aircraft owners who do not meet FAA registration requirements in the United States. You can read about the stringent eligibility requirements in our previous blog, What is an Aircraft Trust. In this article, we’ll discuss how trusts help those […]
Private Aircraft Pre-Flight Preparation
In 2016, Roger Harr made his second North-Atlantic flight crossing in his Cirrus SR22. Roger spoke to Aircraft Guaranty Corp about his experience, which you can read in our Q & A post. In this guest post, he shares the importance of preparation for such a trip. Pilots planning trips can take away potentially life-saving […]
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