THE FOLLOWING ARE HELPFUL LINKS
Owning an airplane for personal use or for your business is a significant investment. Some may compare to purchasing a car or even a boat, but the truth is that buying an airplane is a bigger deal. Often the costs are much more than anything else you will buy in your lifetime, perhaps even more…
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,…
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…
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…
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…
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…
Flying an airplane is an exhilarating experience, and liberating. However, it is also important to remember the safety measures which need to be taken, no matter how experienced of a plane owner or pilot you are. Aircraft security should never be forgotten about, and it’s important to fully know and understand your aircraft if you…
Owning your own aircraft is an expression of luxury. As airplanes are some of the more expensive investments that one can make outside of owning a home, it is understandable that aviation is a cost-prohibitive hobby. With this in mind, even the very wealthy find themselves in a position where they must finance the purchase…