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As an aircraft owner and operator, you are no doubt familiar with the term ‘airworthiness’. It’s a relatively straightforward word, referring to whether or not an aircraft is capable of safe flight. The word is also used in reference to component parts of an aircraft, and if they’re functioning as intended. The process of measuring…
When buying used goods, contemporary consumers are always urged to err on the side of caution. Thrift stores may sometimes carry defective goods, and online marketplaces are full of scam deals by people trying to part with broken appliances and other damaged items. Unfortunately, you don’t always have the option of looking into an item’s…
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…
When it comes to any asset, buying and selling are essential activities associated with it. Buying and selling aircraft may sound simple, but many important documents need to be prepared to avoid legal complications. One such document is the aircraft bill of sale form. Owning an aircraft has become a new trend in the United…
As the disposable income of Americans has increased, so has their spending on leisure and luxury commodities. One such asset which has become extremely popular amongst Americans is owning an aircraft. According to a
The first step in making sure that your plane FAA registration is always in order will be to understand the specifics of the process. There are a lot of different applications that relate to the registration, which we can expand on here. Let’s take a closer look at what these applications all look like. Getting…
Your aircraft, just like similar belongings, can be used as collateral as part of loans, deals, and agreements, but since it’s registered with the Federal Aviation Administration, it’s always a good idea to make sure that each claim over the aircraft is documented in an official capacity. This is what an airplane security agreement is…
If you have gone any length of time without renewing your aircraft registration, be it one day or several years, you will have to go through a reinstatement process in order to restore its validity. That’s right, the renewal process will only work if your registration has not expired yet, so this will not be…
Dealing with any sort of FAA process is not necessarily simple. Like a lot of bureaucratic applications, these tend to be overly complicated. When we are talking about an FAA transfer, for example, we are referring to one form that has at least three different uses. What are these uses and how should you navigate…
Every process has to start somewhere, and the process to register an aircraft with the Federal Aviation Administration starts with form AC 8050-1. Anyone who acquires an aircraft in the United States will have to go through the process of submitting this form. Well, not anyone. The specifics of this whole process are very particular,…