Form 8050-98

Filing Form 8050-98 is Key in Order to Submit an Airplane Security Agreement

If you want to use your aircraft or its associated equipment as collateral for a loan, deal, or transaction, you are going to need a security agreement. The main goal of an airplane security agreement is to establish an aircraft and its related equipment as collateral in a specific deal. This official document, which has…

Aircraft Security Agreement

How and Why to Submit an Aircraft Security Agreement to the FAA

Your aircraft, like other similar assets, can be used as collateral for deals, loans, agreements, and similar situations. However, in the particular case of airplanes, you will need to submit the form for an aircraft security agreement to the Federal Aviation Administration in order to make this official. Aircraft Security Agreement The main goal of…

plane security agreement

Plane Security Agreement with the FAA and Properly Applying

Like other assets you might own, your plane can be used as collateral in loans, deals, agreements, and the like. However, since this one in particular is registered with the Federal Aviation Administration it will be a good idea to document every claim over the plane in an official capacity. This will be what a…

airplane claim of lien

Airplane Claim of Lien & Everything You Need to Know About Filing

Aircraft owners are well aware of how to submit all sorts of aviation-related documents, but those who merely work with airplanes might not be as familiar with some of those processes. The one most commonly needed by those who work closely will be an airplane claim of lien, which can help those who haven’t received…

form 8050-98

Requirements for Filing Out Form 8050-98

There are countless different forms that aircraft owners have to deal with in relation to their planes, their financial standing, and their registration with the Federal Aviation Administration. Because of this, there might often be a lot of confusion in regards to some of the more specific ones. They each come with their own requirements,…