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An Aircraft Mortgage is a loan that is secured by an aircraft and will use an aircraft. An aircraft mortgage is necessary for lenders to protect their financial interests. It also allows buyers to acquire an aircraft without paying the entire amount upfront. Aircraft financing typically makes ownership a reality for private owners, operators, and…
Aircraft Claim of Lien refers to a legal claim against an aircraft owner’s interest in an aircraft. A creditor may file an Aircraft Claim of Lien to record an interest in an aircraft for a debt or obligation. Owners, buyers, lenders, and maintenance providers must understand liens to avoid aircraft operational disputes and delays. In…
Every aircraft owner in the United States is tasked with the renewal of their aircraft registration. Aircraft Registration Renewal is an official process in which authorization is renewed for an aircraft to operate. An aircraft without a valid registration may be grounded, have no insured coverage, and may have compliance issues. Private owners, operators and…
You must initially register your aircraft through a procedure to operate your aircraft in the United States. All aircraft owners must register aircraft with the Federal Aviation Administration (FAA) before flight. Air safety and regulatory compliance have stewardship, accountability, and oversight. Whether you buy, import, or build aircraft, you will need to apply toward your…
One of the most important aircraft documents is the Airworthiness Certificate. The certification by the FAA that the aircraft meets the required safety standards to be deemed.Airworthy and that it is therefore permitted to operate in the airspace of the United States. Owners of small aircraft and airlines that own and operate commercial aircraft fleets…
Aircraft De-Registration is the removal of an aircraft from the FAA registry, a prerequisite to ensure that the aircraft is no longer legally associated with its last U.S. owner or registration status. De-Registration also occurs when an aircraft has been sold outside the country, destroyed, or is no longer airworthy. If you are exporting your…
When an aircraft is financed or leased, the lessor/financier and the lessee/borrower will document their agreed legal right to enforce the interests they have in the aircraft. This is an Aircraft Security Agreement. An important aspect of a mortgage is that it allows the lender or creditor to retain rights over the aircraft in the…
In the field of aviation, disagreements over money and unpaid debts are potentially leading to a chain of unwanted problems for the aircraft owners as well as for creditor. Among the available legal options is the Aircraft Claim of Lien which is utilized for security of money payments. The intent of the said process is…
One of the major things that an aircraft owner in the United States must be concerned about is the compliance of the aircraft with the laws of the Federal Aviation Administration. In fact, the most important requirement is the FAA Aircraft Registration Process Guide. The procedure not only identifies the legal owner but also allows…
An airplane should be your responsibility, and the list of things you need to take care of is very long and diverse, but it is not always the case. One of the essential legal obligations is the aircraft registration online. The aim of the procedure is to ensure that all federal laws on aviation are…