Blog
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 […]
A fireside chat with member: Oscar Avalle
Aircraft Guaranty Corporation had the chance to sit down with one of our clients, Oscar A. Avalle. Oscar was excited to share about his life and love for flying with our community. Let’s see what he had to say.
What is an aircraft trust and how does it work?
Civil or general aviation is a popular pastime in the United States, both for pleasure and business. For those who are interested in FAA registration for a privately-owned airplane, here are some answers on how trusts work. Who is eligible to register an aircraft in the US? An aircraft may be eligible for FAA registration […]
What to Look for in Owner Trustee Documents
The strength of your Owner Trustee registration with the FAA rests upon the trust documents that create the legal relationship. The Owner Trust relationship is created by the execution of several documents including Affidavits and Certificates, a Trust Agreement, an Accession Agreement, as well as an Aircraft Dry Lease Agreement and Operating Agreement. Other documents […]
Call us today. Let us be your Owner Trustee.
For Email Newsletters you can trust.
Proud Member Of:
