Transferring 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…

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Registering 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,…

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Clearing 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…

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Registering 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…

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Update: 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…

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GATS! 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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