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FAA Registry Backlog Continues into 2023 Feb. 10, 2023: Even a small mistake by aircraft buyers or sellers could cause longer delays in document processing and registration.
Understanding Changes to Duration for Aircraft Registries Jan. 30, 2023: The FAA’s direct final rule to increase the duration of aircraft registration is now in effect, and extends the duration of AC Form 8050-3, Certificate of Aircraft Registration, from three to seven years.
NBAA Requests Greater Clarity on FAA’s Planned Registration Deadline Extension Dec. 28, 2022: In written comments to the FAA, NBAA expressed its support for extending the duration of U.S. aircraft registrations from three to seven years, but also called on the agency to provide greater clarity on some elements of the new process.
Mitigating Impacts of FAA Registry Slowdowns Dec. 15, 2022: Parties to aircraft transactions should be aware of delays at the FAA Aircraft Registry.
Time Running Out to Process New Aircraft Registrations in 2022 Dec. 1, 2022: As the clock ticks down on 2022 with a rush to close aircraft transactions and obtain new registrations before the end of the year, operators are encouraged to plan ahead in light of ongoing backlogs at the FAA Civil Aviation Registry.
NBAA Welcomes FAA Ruling on Expanding Aircraft Ownership Cycle Nov. 17, 2022: NBAA welcomed the FAA’s direct final rule to extend the duration of aircraft registration certificates from three to seven years.
Navigating Russian Sanctions in Business Jet Transactions Sept. 29, 2022: Sanctions targeting Russia and certain Russian oligarchs have created unprecedented risk for certain international business jet transactions.
NBAA News Hour: Taking a Look Into the Industry’s Near-Term Future Sept. 15, 2022: The business aviation community should expect another end-of-year rush to buy aircraft during the upcoming fourth quarter, which will keep prices high and restrict inventory, although a transformation may occur in the new year.
NBAA News Hour: Analysts See Stability in Business Aircraft Transactions Despite Global Uncertainties Sept. 8, 2022: With COVID-driven gains in business aircraft usage and sales transactions leveling off, analysts with Global Jet Capital offered their insights about the latest buying and selling trends in what continues to be a dynamic environment.
Fraud Mitigation Now an Essential Tool in Every Aircraft Transaction Aug. 10, 2022: The influx of new business aircraft owners has attracted criminals who see an opportunity to use the complexities and nuances of aircraft transactions to defraud the uninitiated.
NBAA Advocacy Delivers Best Practices on Exporting Aircraft from the U.S. June 29, 2022: The NBAA Tax Committee and Regulatory Issues Advisory Group joined forces to create the new, members-only resource, “Guide on Exporting Aircraft from the United States.”
New NBAA Resource Guides Members Through Nuances of Canadian Aircraft Registry April 21, 2022: NBAA’s Tax Committee has developed a members-only resource that provides insight and guidance on the Canadian Aircraft Registry.
Podcast: Hot Aircraft Market Underscores Importance of Pre-Purchase Inspections Feb. 7, 2022: With business aircraft inventory at all-time lows, some buyers may feel pressured to cut corners in transactions. Don't take shortcuts with your pre-purchase inspection, say two experts - that part of the transaction is critical in ensuring no unpleasant surprises await.
NBAA Applauds FAA’s Plan to Accommodate Year-End Aircraft Transactions Dec. 13, 2021: Thanks to a coordinated advocacy effort by NBAA and the General Aviation Manufacturers Association, the FAA recently announced a plan to ensure limited personnel are available at the FAA Aircraft Registry in Oklahoma City on Dec. 31.
Podcast: GA Groups Secure Year-End Accommodation on FAA Registry Dec. 13, 2021: Following appeals from NBAA, GAMA and other stakeholders, the FAA Registry will remain open in a limited capacity on Friday, Dec. 31 to help process the final aircraft sales and acquisitions of 2021.
Management: Don’t Rush Aircraft Transactions Dec. 9, 2021: Buyers, sellers and other parties must not be tempted to cut corners when completing the transfer of an aircraft.
Experts Guide NBAA Best Practices on Navigating FAA Registry’s Dec. 31 Closure Dec. 9, 2021: NBAA offers potential strategies to help certain buyers and sellers complete aircraft transactions on Dec. 31, when the FAA Registry is closed. The association still strongly recommends that transactions be finalized several business days before the federal holiday.
NBAA: Advance Planning Needed to Prepare for FAA Registry Closure on Dec. 31 Dec. 6, 2021: With the potential for the FAA Registry in Oklahoma City, OK to close on Dec. 31 for the federal holiday, and possibly close early Dec. 30, NBAA and GAMA are working with agency leadership on possible mitigations for year-end transactions.
Streamlined Process for Part 91 LOAs Coming Soon Dec. 4, 2021: The FAA works to standardize the LOA process, to take it from a local, dispersed process to a more consistent process at the national level.
Best Practices for Complying with Aircraft Export Rules in Focus at Upcoming Webinar Nov. 1, 2021: NBAA and GAMA are hosting a webinar on Nov. 10 to look at the role export and licensing requirements play in a transaction for an aircraft sold or leased to a foreign person and exported outside the U.S., or when a U.S.-registered aircraft is based outside the U.S.
Cash, Credit or Cryptocurrency? Aug. 27, 2021: The digital currency is gaining traction in business aviation, in part because it facilitates secure online transactions.
NBAA Provides Comprehensive Best Practices on Aircraft Export Requirements June 2, 2021: NBAA has published a new members-only resource to de-mystify aircraft export requirements, which are a critical component of many aircraft transactions and for which there are significant penalties for non-compliance.
NBAA, GAMA Represent General Aviation in Corporate Transparency Act Rulemaking May 10, 2021: NBAA joined with the General Aviation Manufacturers Association in submitting comments to an advanced notice of proposed rulemaking regarding implementation of the Corporate Transparency Act and its requirement that certain entities report ultimate beneficial owner information.
Flight Crews: Do You Understand Anti-Bribery Laws? April 8, 2021: Operators need to understand which payments for service are appropriate and which are not.
NBAA Representing Industry on Aircraft Exports, Develops New Resource March 16, 2021: NBAA is working with industry partners and regulators to evaluate the complex procedures required for aircraft exports, and ensure business aviation is represented in the discussions. The association has developed a new resource to assist in the process.
Entire NBAA GO Virtual Aviation Tax & Transactions Review Now Available Oct. 28, 2020: The final live session of the NBAA GO Virtual Aviation Tax & Transactions Review took place Oct. 27, 2020, and focused on the CARES Act. All six sessions are now online.
NBAA GO Virtual Aviation Tax Review Considers the Complexities of Aircraft Transactions Oct. 21, 2020: The Oct. 20, 2020, live session in the NBAA GO Virtual Tax & Transactions Review examined tax aspects of a successful aircraft transaction.
Patience Is Key for Successful Aircraft Transactions During COVID-19 April 13, 2020: During an NBAA News Hour webinar held April 13, 2020, experts discussed how to successfully complete business aircraft transactions during the COVID-19 crisis.
Government Accountability Office Urges FAA to Overhaul Aircraft Registry Database March 30, 2020: The U.S. Government Accountability Office (GAO) recently published its audit of the FAA Aircraft Registry and urged the FAA to overhaul its aircraft registry database.
FAA Registry Update: COVID-19 Impact on Aircraft Transactions March 26, 2020: The FAA Civil Aviation Registry has implemented a number of changes that affect how aircraft transactions are processed in the public document room during the COVID-19 pandemic.
Analysts Expect Growth in Asia’s Pre-Owned Aircraft Market March 27, 2018: NBAA has guidance on what companies need to know when importing or exporting business aircraft in the March/April 2018 edition of Business Aviation Insider magazine, the International Issue.
3 Things to Know About NBAA’s Ethics Statement Jan. 11, 2018: NBAA offers tips on how flight departments can use NBAA’s Ethical Business Transactions Resource as a guide for their own organization’s procedures.
What Are Non-Citizen Trusts? A Routine, Well-Regulated Way to Register Aircraft Nov. 30, 2017: Recently, a German newspaper published a set of documents leaked in a data breach at Appleby, an international law firm. In news coverage of the documents, now known as the “Paradise Papers,” some media outlets have focused on a common structure for registering aircraft: non-citizen trusts.
FAA Realigns Flight Standards for Consistency, Agility Sept. 13, 2017: The FAA recently began a service-oriented effort to change the culture of its Flight Standards organization. The initiative, named the Future of Flight Standards, aims to facilitate critical thinking, interdependence and consistency to better serve aviation safety.
New FAA Review Board Offers Clarity on Inconsistent Interpretations of Regulations March 29, 2017: On March 9, 2017, the FAA established the Regulatory Consistency Communication Board to provide guidance to internal and external stakeholders by clarifying inconsistencies related to the application of regulations.
Cape Town International Registry Protects Aviation Assets March 23, 2017: While there can be confusion surrounding the Cape Town International Registry (CTIR) established by the Cape Town Convention (CTC), owners and operators should be aware that it exists to facilitate transactions and protect interests in aviation assets – airframes, helicopters or engines – of a certain size.
Managing Business Aircraft as an Asset: Strategies for Acquisition and Replacement Jan. 12, 2017: Do you manage your aircraft as an asset, ensuring its greatest value upon resale? Proper strategy requires careful consideration through the entire ownership cycle – from purchase through replacement.
Washington State Simplifies Aircraft Registration Exemptions, Late Fees Nov. 22, 2016: Beginning Jan. 1, 2017, Washington state aircraft registrations that are 60 days or more past due will incur a $100 penalty.
Shop Smart for Aviation Software July 25, 2016: Whether your company needs support in flight scheduling, maintenance documentation or finance/tax reporting, learn four steps to buying aviation software in the July/August 2016 issue of NBAA's Business Aviation Insider magazine.
Trying to Predict the ‘New Normal’ for Business Aircraft Markets April 6, 2016: In the Spring of 2016, the vagaries of the business aircraft marketplace continue to challenge even the most sophisticated forecast models.
Newly Published Aircraft Transactions Guide Covers Regulatory, Financial Issues July 1, 2014: How often do you buy or sell aircraft? NBAA created its first-ever Aircraft Transactions Guide, now available to Members on the NBAA website.
Global Nature of Business Aviation Marketplace Brings New Transaction Challenges Feb. 6, 2014: Obtaining an FAA airworthiness certificate, ensuring a clean title and paying any applicable customs duties are just a few difficulties unique to importing an aircraft, experts say.
NBAA’s 2014 Business Aircraft Finance, Registration & Legal Conference to Feature Industry Experts Jan. 22, 2014: More than 115 business aircraft professionals involved in aircraft transactional matters are already registered for NBAA’s 2014 Business Aircraft Finance, Registration & Legal Conference, which is set for Feb. 5 to 7 at the Loews Don CeSar Hotel St. Pete Beach, FL.
Aircraft Appraisal Session Coming to Boca Raton Forum Jan. 30 Dec. 27, 2013: Companies and business aviation professionals considering the sale of an aircraft may benefit from a seminar offered at NBAA's first 2014 Business Aviation Regional Forum on Jan. 30, 2014, in Boca Raton, FL.
At NBAA2013: International Aviation Transactions – Know What You’re Getting Into July 13, 2013: An education session titled Engaging in Aircraft Transactions Abroad – Key Issues Confronted in Buying, Selling, Leasing or Financing Aircraft Outside of the U.S. is scheduled for NBAA2013 in October.
Aircraft Purchase Market Can Be Challenging, But Not Impossible May 9, 2011: Although there is cautious optimism that the market for business aircraft sales may be slowly rebounding, buyers still face a very challenging environment compared to the one that existed in the years prior to September 2008.