OIG Audit Report – FAA Civil Aviation Registry Lacks Information Needed for Aviation Safety and Security Measures

OIG Audit Report – FAA Civil Aviation Registry Lacks Information Needed for Aviation Safety and Security Measures

Due to congressional concerns over aviation safety and the security of sensitive information, the Office of Inspector General released an Audit Report (the “Report”) of the Federal Aviation Administration’s Civil Aviation Registry (the “Registry”) on June 27, 2013. Located in Oklahoma City, Oklahoma, the Registry is responsible for maintaining two databases, one for registration and the recording of qualifying documents relating to...

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NCT Policy Clarification

NCT Policy Clarification

For over four (4) decades, the aviation industry has utilized non-citizen trusts (“NCTs”) as an option for the registration of aircraft in the United States. NCTs are trusts which involve a non-United States citizen trustor and a trust company or financial institution, which qualifies as a United States citizen under 14 C.F.R. § 47.2, acting as an owner trustee. When the aircraft is placed in trust, legal title to the aircraft is...

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