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U.S.
DEPARTMENT OF TRANSPORTATION INFORMATION TO AID IN
REGISTRATION OF OWNERSHIP OF A U.S. CIVIL AIRCRAFT
ELIGIBILITY
1. “An aircraft
is eligible for United States registration only if it is owned by (a)
a citizen of the United States, (b) an individual citizen of a foreign
country lawfully admitted for permanent residence in the United States,
(c) a corporation (not a U.S. citizen) lawfully organized under the laws
of the United States or any State thereof as long as the aircraft is based
and primarily used in the United States, or (d) a governmental unit, and
it is not registered under the laws of any foreign country. OPERATION
OF AN UNREGISTERED AIRCRAFT MY SUBJECT THE OPERATOR TO CIVIL PENALTY.
DEFINITION OF UNITED STATES CITIZEN
2. a. An individual
who is a citizen of the United States or one of its possessions.
b. A partnership of which each individual is a citizen of the United States.
c. A corporation or association created or organized under the laws of
the United States or of any State, Territory, or possession of the United
States, of which the president and two-thirds or more of the board of
directors and other managing officers thereof are such individuals and
in which at least 75 percent of the voting interest is owned or controlled
by persons who are citizens of the United States or of one of its possessions.”
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International Registry Procedures |
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| With the implementation of the
International Registry in March, 2006, the acquisition of certain
aircraft became increasingly time consuming, however not complicated.
The International Registry is applicable to aircraft capable
of being configured with 8 seats or more, helicopters of 5 seats
or more, and engines rated 550 shp and above. The International
Registry has nothing to do with obtaining a Certificate of Registration
to accommodate legal flights within or outside of the United States.
Rather, it is........
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Acting as a neutral party, the escrow agent’s position is
to coordinate with the purchaser, seller, broker (if any), and lending
institutions to ensure the protection of each party’s interest
throughout the course of the transaction. To open an escrow account,
we must........ More >>
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