Blog
The History behind the International Registry
The concept of multi-country international laws governing the financing of aircraft was the brainchild of Jeffrey Wool, who understood the global nature of airline financing and knew that more favorable international laws were needed to encourage investment in startup airlines.
OIG Reports on FAA Registry Update – What Does it Mean?
There are changes ahead that will modernize the Federal Aviation Authority (FAA) – bringing it up to date with the latest technology and security measures. One of the key updates will be to the registry system, which is vital for ensuring aircraft are legally owned, maintained, and operated.
How Brexit Could Affect European Aviation Operations for US Registered Aircraft
Brexit is undoubtedly a considerable topic with worldwide implications – people from all corners have been surmising at length – what will take place and when? Meanwhile, negotiations continue with no clear end in sight. The United Kingdom was due to leave the European Union on March 29, 2019, but that has now been extended to October of 2019.
LLCs versus Trusts and Protecting Your Asset
This month’s topic stems from the calls we often receive regarding forming a Limited Liability Corporation (LLC) and/or Trust in the United States. Clients who are foreign nationals registered with Aircraft Guaranty Corporation sometimes wonder about taking their aircraft out of Trust and putting it in an LLC instead: Can they do it? Is it […]
Aircraft Guaranty Corporation Turns 30
FOR IMMEDIATE RELEASE OKLAHOMA CITY, Okla. – Feb. 26, 2019 Aircraft Guaranty Corporation (AGC), one of the most well-respected trustee service providers in the aviation industry, is excited to announce their 30th year in business. Founded in 1989 by Dr. Connie Lee Wood and his wife Mary, AGC began in order to simplify the aircraft […]
Blockchain in Aviation Owner Trustee Transactions: What is the Potential?
Blockchain – the highly advanced, decentralized database technology behind every virtual currency you can think of, and that most of us don’t understand – has many companies in many industries making huge strides to be at the front of this digital revolution, including aviation. However, it isn’t in regard to the use of virtual currencies […]
Aircraft Guaranty Corporation Remembers Founder Dr. Wood
FOR IMMEDIATE RELEASE OKLAHOMA CITY, Okla. – Feb. 6, 2019 Aircraft Guaranty Corporation (AGC) is sad to announce the loss of the company’s founder, Dr. Connie Lee Wood. Retired Lieutenant Colonel Dr. Wood passed away at the age of 70 on Saturday, January 26, 2019 at his home in Onalaska, Texas. Born July 16, 1948 to John […]
Highlights of the 5 Year FAA Reauthorization Act
There were several proposals put forward for the Federal Aviation Administration (FAA) Reauthorization Act of 2018 (HR 302), but not all of them made it through. While privatizing air traffic control will not be happening, the rules regarding re-registration have once again been changed. The bill also includes an edict that all documents will be digitized […]
Cryptocurrency in Aviation Owner Trustee Transactions: Is it a Viable Option?
Cryptocurrency – Bitcoin, Ethereum, Ripple, among others – seems to be driving the plane in Financial Technology (FinTech) development these days, making many of us curious, confused, and wary. What is it? What are the benefits and risks? How and where can it be used? Is the use of cryptocurrency going to improve access and […]
Global Aircraft Maintenance Requirements
The goal of any good government is to protect the population. Most safety and maintenance requirements that governments create, therefore, are designed to protect the masses. Furthermore, many registries around the globe have limited financial resources and limited manpower. For these reasons, safety and maintenance requirements tend to focus on the aircraft that transport the […]
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