Trusts

August 6, 2012 - 2:35am

The FAA extended until August 17 the comment period for its proposed policy regarding the registration of aircraft to U.S. citizen trustees in situations involving non-U.S. citizen trustors and beneficiaries. As part of its review of non-citizen trusts, the FAA published its proposed policy clarification on February 9 on use of non-citizen trusts to register aircraft in the U.S. The FAA also held a public hearing on this subject on June 6 and has now publicly released a slide presentation it made at that meeting. Comments can be sent to ladeana.peden@faa.gov.

June 28, 2012 - 2:20pm

The FAA is extending the comment period until August 17 for its proposed policy regarding the registration of aircraft to U.S. citizen trustees in situations involving non-U.S. citizen trustors and beneficiaries.

June 29, 2010 - 6:36am

In response to scuttlebutt that the FAA had ceased processing aircraft registrations for foreign-owner trusts, the agency sent a letter to a group of stakeholders clarifying that it has not imposed any moratorium on the issuance of pending or future registrations involving non-citizen trusts.

May 11, 2010 - 11:53am

The FAA has begun investigating the use of aircraft owner trusts to obtain valid registration where the trust beneficiary is a non-U.S. citizen, and the agency has stopped processing aircraft registrations that are based on the use of non-citizen owner trusts.

 
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