FAA OWNER AIRCRAFT TRUST - AIRCRAFT TRUSTEE SERVICES

FAA Aircraft N-Registry Under Owner Trust

AIC JETS Corp. Aircraft Trust / Aircraft Trustee Services

We register aircraft in Trust on behalf of entities who do not meet the FAA citizenship requirements. Federal Aviation Administration (FAA) regulations allow non-U.S. citizens or companies to transfer the legal title of an aircraft to the Trustee who is a citizen of the U.S. under entity known as an Aircraft Owner Trust / Aircraft Trust.

Aircraft Trust / Aircraft Owner Trust / Owner Trust

Aircraft Trust is the type of relationship where the Trustee owns an aircraft on behalf of Trustor or Trust Beneficiary and acts for the Beneficiary, aircraft is registered in the name of the Trustee. The Beneficiary owns the beneficial interest in the trust and the Owner Trustee holds legal title to the aircraft on behalf of the Beneficiary.

Aircraft Trustee / Trustee

When aircraft registered with Aircraft Trust, the Trustee holds Title to an aircraft for the benefits of a third party - Trustor or Beneficiary. Operational control (the right to operate the aircraft) is granted back to the Beneficiary via an operating agreement or to a third-party via a lease agreement as it directed by the Beneficiary. The Trustee provides the aircraft to the Trustor or Beneficiary to operate.

Aircraft Registration / Re-Registration / Renewal

Once you choose AIC JETS Corporation as title holder of your aircraft, we will take full responsibility for complying with current FAA regulations for re-registering and renewal or registration of your aircraft.

FAA Aircraft Registration for non-U.S. citizens / Foreign Companies

Federal Aviation Administration (FAA) regulations allow non-U.S. citizens or companies to transfer the legal title of an aircraft to the Trustee who is a citizen of the U.S. under entity known as an Aircraft Owner Trust / Aircraft Trust. The FAA Aircraft Registry located in Oklahoma City, Oklahoma and issues Certificates of Aircraft Registration for commercial and general aviation aircraft.

Aircraft Trust - how does it works?

The title and registration are held in the name of the Trustee. The Trustee acts for the Beneficiary. The FAA has access to aircraft trust filing paperwork, giving them the identity of the beneficiary. The beneficiary of the trust owns a beneficial interest in the trust. All correspondence received from the FAA to the Owner Trustee, AIC JETS Corporation as your appointed Trustee, and we will forward all correspondence to the Beneficiary. Operational control (the right to operate the aircraft) is granted back to the Beneficiary via an operating agreement or to a third-party via a lease agreement as it directed by the Beneficiary. The operator will be obligated to insure the aircraft and to operate and maintain the aircraft in accordance with required by FAA rules regulations.

Escrow / Title Services / Title Insurance

Need Escrow and other Title Services / Title Insurance and Title Search? Need Ownership info, lien status, major alterations and repairs? When you choose AIC JETS Corporation as your Title Holder / Aircraft Trustee, we can offer these services for you.

What is Title Insurance?

Do you need Title Insurance? Answer is obvious when you purchase aircraft to protect your assets. Aircraft Title Insurance is available to both Owner and Lender. Our partners by providing Title Insurance will protect you against: Forged or fraudulently submitted instruments in the FAAs records; Interests filed AFTER ownership change in documented in FAA records by lien claimants not in possession of an aircraft before the equipment (and the policy) were purchased; Federal tax liens up to $250,000 (or face amount of policy if less than $250,000). Please remember, Federal Tax Liens are NOT filed at the FAA.

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