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…
Tag: 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…
How Does an Aircraft Security Agreement Work?
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…