The Functions of Aircraft Trust to Help You Fly

Trust and the aircraft essentially share a relationship in which a trustee possesses an aircraft for an entity or a person. The trust is an extended body of the true owner, also referred to as the beneficiary. The trustee operates on behalf of the beneficiary, and the airplane title and registration is done under the FAA by the trustee. It should be noted that the FAA accepts this structure and the FAA knows very well about the beneficiary's identity due to the documents that are submitted.

Civil aviation is a favorite pastime for pleasure and business in the United States. Some answers are given to those interested in registering with the FAA for a private plane on how trusts work.

The Function of a Trust

• An aircraft title shall be registered with the trustee's name. The trust recipient has a definite interest in the trust.
• The Owner Trustee shall forward the information in any correspondence received from the FAA to the Beneficiary.
• The recipient or the third party and the trustee shall enter into an operating or renting agreement giving the right to the recipient to operate the aircraft.
• The operator is obliged, by FAA requirements, to operate and maintain the aircraft well.
• The recipient can, for any reason at any point, dissolve the trust.
• The title may at any time be returned to the recipient, even if they can not retain the registration in the FAA.
• Without the permission of the beneficiary, the trustee can not sell the aircraft.
• The Trustee shall receive and forward to the beneficiary owner all agreements from the FAA.
The FAA airplane Registration can be set up by Aviation Trust. You can let us answer your questions and support all aspects of the trust for the aircraft.

Benefits of Hiring a Trust

Trusts are mainly established when the owners of an aircraft do not comply with the FAA requirements for registration of their airplane. The FAA has wide acceptance, so aircraft have higher resale values if they maintain their records. Although the major reason for aircraft trust registration is FAA, they can also be established for simplifying business or for convenience purposes. Regardless of why, a trust can be maintained indefinitely.

Is It for You?

For some purposes, including FAA registration, purposes of simplification or convenience, one may set up an ownership trust. One of the key reasons why a trust is established is that foreign nationals, limited partnerships or other entities who are not eligible themselves to register with FAA may use a trust to receive a valid aircraft registration. Many international businesses operate their aircrafts within the U.S., and many investors from foreign countries lease their aircraft to or from U.S. carriers. These situations will need some kind of registration accommodation, and having a trust is the easiest and most likely the least costly way to accomplish this. The FAA documents indicate that a trustee is not the genuine owner, which makes it more difficult for any third party to identify the aircraft's true owners.
For an indefinite period, a trust may be employed to maintain the FAA record. It is often used for the export or refitting of an aircraft before shipping.

Why Us?

At Aviation Trust, you can expect the below-mentioned services:
• Creating new entities
• Get a Registered Agent
• FAA Registration and re-registration
• Working with legal consultants, title companies, lenders, etc.
• FAA - approved forms of trust and operating agreements
• International registration
Call us now for any assistance regarding airplane registration with the FAA. We are here to help.