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A standard airworthiness certificate ceases to be valid when the aircraft ceases to be registered. Change of ownership of an aircraft does not require re-issue or re-validation of that aircraft's standard airworthiness certificate. In contrast to a standard airworthiness certificate, an aircraft may be issued with a special airworthiness ...
This requires the operator to have personnel, assets and systems in place to ensure the safety of its employees and of the flying public. The certificate lists the approved aircraft types, each registration number approved to fly, the approved flying purpose, and in what area the holder may operate (such as specific airports or geographic region).
The U.S. Forest Service airtanker scandal involved a scheme, officially called the Historical Aircraft Exchange Program, [1] in which the U.S. Forest Service would acquire retired U.S. Air Force C-130A transport aircraft and U.S. Navy P-3 anti-submarine patrol aircraft, ostensibly for use as firefighting airtankers, but which ended up with the ...
The trust then leases the aircraft to an airline, and the trustee routes payments through the trust to the investors. Upon maturity of the note, the airline receives title to the aircraft. [1] See Pass-through certificate. The lease is not a "true" lease because the airline receives title at the end.
In the twenty-first century, bills of security are overwhelmingly used in the form of so-called "logbook loans". [5]: 12 These are security bills secured on the borrower's vehicle. Borrowers transfer ownership contigently of their car, van or motorcycle to the logbook lender as security for meeting their loan repayments.
Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management companies provide fractional ownership programs for aircraft, including NetJets , Flexjet , Cirrus Aviation Services , and AirSprint .
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Fractional ownership offers an individual or company the option to purchase a share of an aircraft. Shares from as little as 1/16 of an aircraft, which offers approximately 37.5 hours of flight time per year, to 1/2 of an aircraft can be purchased, depending on the needs of the operator.
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