A clouded aircraft title can be a major obstacle in the purchase of an aircraft. Aero-Space Reports offers total aircraft title management services for clients involved in the purchase of, or lending for the purchase of, an aircraft. Our services include:
Title Search This service provides information regarding a particular aircraft. Our title search will show the FAA registration number, make, model and serial number, registered owner with purchase date and type of ownership, previous owner, outstanding lien status, if any, along with any additional comments that may have a bearing on clear title.
Escrow Service If you elect to use our escrow services, we will act as a neutral third party to a transaction wherein we receive all documents from the Seller necessary to transfer clear title on the aircraft to the Buyer, receiving the Buyer's funds into escrow and, upon written authorization from the Buyer, disbursing the funds at the appropriate time with simultaneous filing of the documents.
International Registry Priority Search Our professional staff will use their expertise to verify that the International Registry's description of the aircraft object(s) matches the FAA's description. If it does not, our staff will convert the description to match the International Registry's record in order to ensure the search is being performed on the correct object. The search will show the make, model and serial number of the aircraft object as well as list the details of any registered interest(s) and their priority status. It is important to search the International Registry as well as the FAA as registrations on file with the International Registry are the priority interest over interests filed with the FAA.
Document Filing When we receive your documents, we will review them for recording sufficiency, prepare a filing letter, and advance required FAA filing fees on your behalf. Our thorough review helps to ensure that your documents are processed and recorded by the FAA examiners.
After your documents are filed with the FAA, we continue to monitor the status of the documents as they are processed by the FAA. Upon request, we will provide a follow-up title search to reflect the recordation of the documents and perfection of your interest in the aircraft collateral.
International Registry Administrator Service If you elect to use our International Registry Administrator Service, we will enroll your company with the International Registry and act as your company's International Registry administrator. This allows us to create registrations, grant and deny authorizations and consent or decline International Registry registrations on your behalf. By allowing us to act as your International Registry administrator, we will be able to handle all of your International Registry needs. You will never have to log in to the International Registry.
Registering Interests with the International Registry Upon filing your documents with the FAA, our staff will obtain an authorization code for filing with the International Registry. We will verify that the aircraft description is the accurate description for International Registry registrations. We will submit a request to the International Registry to act on behalf of all parties involved. Once approved by all parties, we will access the International Registry and register your interest(s) on your behalf. After the International Registry confirms registration, upon your request we will perform a Priority Search which confirms the registration and its priority status.
Title Clearing Approximately 30% of all U.S. registered aircraft have some type of outstanding encumbrance attached to the title. A great number of these encumbrances date back several years and are no longer in force, but because of improper termination or inaccurate structure, they still undermine the integrity of the title. This creates "risk worry" to the owner, potential owner and lender.
Tracking down secured parties or their successors can be expensive, complicated, time consuming and seemingly impossible for the inexperienced. Our specialists use the combined resources of government, corporate and private informational bases to investigate and obtain the necessary documents, signatures, disclaimers or affidavits to clear and perfect your aircraft's title.
Title Insurance Title Insurance is often purchased on aircraft for the same reasons title insurance is obtained in real estate transactions. That is, the lender is assured of his lien position, and the buyer is assured of ownership rights. In the event of a defective title, intervening liens or any errors insured against, the title insurance company would perfect the title, paying up to the insured amount to clear the title.
Accident/Incident Report Aero-Space Reports can provide reports of an accident occurrence associated with the operation of an aircraft which takes place between the time any person boards the aircraft with the intention of flight and until all such persons have disembarked, in which any person suffers death or serious injury, or in which the aircraft receives substantial damage. We can also provide reports of an incident occurrence other than an accident associated with the operation of an aircraft which effects or could effect the safety of operations of the aircraft.

