Lien

May 3, 2014 - 5:40am

Owners and operators of U.S-registered aircraft are facing some expensive avionics mandates and upgrade requirements to meet new NextGen navigation standards. To help pay for these upgrades, the NextGen GA Fund was created to facilitate low-interest loans for individual aircraft owners and businesses that operate aircraft. The Fund is a result of legislation in the FAA Modernization and Reform Act of 2012.

October 22, 2013 - 3:45am

Unlike real estate lenders, most aircraft lenders don’t require title insurance, so airplane buyers rarely even know about it, let alone purchase it. That can be a big mistake.

October 1, 2013 - 5:20am
It will be some time before the Avantair-operated Avantis are able to return to service, but at least there is now a path forward for the share owners once they are able to connect with one another and decide how they want to proceed with their particular airplane. (Photo: David McIntosh)

Bankruptcy hearings for Avantair held last month in Tampa, Fla., brought some needed good news for share owners of the 56 ex-Avantair Piaggio Avantis who are hoping to return their aircraft to the sky. During one of the hearings, the Italian aircraft manufacturer unveiled a Service Bulletin (SB) that provides a path for owners of these Avantis to regain their airworthiness certificates, which were revoked by the FAA in late July and August.

September 1, 2013 - 4:45am

Owners of fractional shares in Piaggio Avanti twin turboprops operated by Avantair are trying to take possession of their aircraft in the wake of the August 16 court hearing that put the Clearwater, Fla.-based company into involuntary bankruptcy.

July 18, 2013 - 2:00pm

As prospects dim for Avantair, the Clearwater, Fla.-based Piaggio Avanti turboprop fractional ownership program, concerns about its future are taking a back seat to questions about how owners will recover their aircraft. Among recent developments:

October 20, 2010 - 2:01pm

Members of the Florida Aviation Trades Association learned recently that the Third District Court (Miami) has issued a ruling that will significantly affect the recourse available to the maintenance industry when faced with a non-paying customer.

Previously, a repair facility could put a lien on the aircraft when it perceived the customer would not pay the bill regardless of who was in possession of the aircraft.

January 9, 2007 - 5:01am

Beginning March 1, aircraft purchasers, sellers and lenders in the U.S. will be required to comply with the Cape Town Convention on International Interests in Mobile Equipment and the Aircraft Protocol. Covered under the treaty are airplanes certified with eight or more total seats and helicopters certified with at least five seats and with engines rated at 550 horsepower or more.

 
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