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Securing financing for an aircraft involves a significant amount of paperwork, and one of the most critical documents in this process is the aircraft security agreement. This legally binding contract is essential for protecting the interests of the lender. It formally grants the lender a security interest in the aircraft, which serves as collateral for…
The dream of owning your own airplane is one you have had from a young age. Planes have always fascinated you, and you spent all the necessary time logging hours, learning to fly, and getting your pilot’s license. Now the time has come for you to invest in a plane that you can take out…
Buying an airplane is not a cheap investment, and many owners have to take out loans and mortgages in order to get the money to buy the plane in the first place. To make sure that their loans are fully secure, most lenders will require that the owner submit a type of document known as…
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…
When you want to become the proud owner of a plane, you need to have a large amount of money to offer the seller. Most often, you will not be able to find this sum down the back of the couch, and instead will need to offer some form of collateral. In many cases, the…
It is no secret that your average person is not someone that is going to be the owner of a private plane or a business that makes use of aircraft. Purchasing a plane takes time, effort, and you need to have money behind you to make the deal happen. For most people, the agreement is…
Need help filing your security agreement form in order to establish evidence in regard to a particular security interest? Well, should that be the case, then we’re here to help you out. Filing For a Security Agreement Form Among the many other forms relevant to the Federal Aviation Administration, the security agreement form will allow…
An aircraft security agreement is the typical form of a security document over an aircraft. It must be signed (or authenticated) by the parties to the agreement, contain a description of the collateral, and make clear that a security interest is intended. The aircraft security agreement seeks to create an interest in the airframe or…
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…
Just like it is when you are buying something like a new home when you are purchasing an airplane you know there is going to be a lot of paperwork involved. Since most people do not have the money to just pay outright for something like an airplane, there is likely going to be a…