ABOUT US
We are a family run and owned business that provides trustworthy advice and reliable services within various fields of the aircraft industry. More than 30 years of experience in trust management, combined with our many other fields of expertise, such as license authentication, airplane parts distribution (www.euram.at), pilot instructor duties, aircraft acquisition/sales assistance and escrow agent supervision, give us the perfect platform to precisely deliver the unique services that our customers require.
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Many of our clients benefit from several advantages that come with a US registered aircraft and enjoy the invaluable convenience of our unique and personalised customer service. We take a lot of pride in being a safe, dependable and private agency ensuring the reliance, confidence and transparency desired.
ADVANTAGES
SERVICES
Foreign individuals or bodies with a property, residence or on extended stay in the US have the option of registering and operating an N-registered aircraft
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Foreign owners have the option of leasing to US bodies and have aircrafts registered to use
Beneficial safety and maintenance requirements
Airlines or other entities not able to meet FAA registration requirements can operate in the US
Storage and repossession of US registered aircraft during period of ownership transition
Quick and easy temporary certificate if required
Simple and reliable registration process
Uncomplicated and assured DAR intermediation for non N-registered aircraft
Optional sale of aircraft in the US and assistance with purchase / sale if required
In-house airplane parts distributor (www.euram.at)
Short term trusts and ferry permit assistance
WHY CHOOSE US?
LEGISLATION
Aircraft Registration in the United States of America is prescribed under section 501 of the Federal Aviation Act of 1958 (49 U.S.C. 1401), and is published as Part 47 Aircraft Registration of the Federal Aviation Administration’s Federal Aircraft Regulations (the FAR).
Violation of the FAR is a federal offense and punishable by both fine imprisonment. FAR Paragraph 47 subparagraph (b) states that “An aircraft may be registered only by and in the name of its owner”, and FAR Paragraph 47.43 states that an aircraft registration is invalid if, 1. Subparagraph (2), “The applicant is not the owner.” 2. Subparagraph (3), “The applicant is not qualified to submit an application under this part.” 3. Subparagraph (4), “The interest of the applicant was created by a transaction that was not entered into in good faith, but rather was made to avoid (with or without the owner’s knowledge) compliance with section 501 of the Federal Aviation Act of 1958 (49 U.S.C. 1401).
United States Law requires that any aircraft registered with the FAA, which operates outside of the USA for more than 40% of its flying hours during any six calendar month period, be “legally owned” by a “Citizen of the United States” Under the definitions of the law, the below listed entities or individuals qualify to own and operate an aircraft permanently outside of the United States:
1. A “Trust” with one or more Trustees, of which all Trustees must be U.S. Citizens or,
2. A “Corporation” organized under the law of one of the states of the United States, where
the “president” is a U.S. Citizen, where “two-thirds or more” of the “board of directors” or any
other “managing officers” are U.S. Citizens, and where a minimum of “75 percent of the voting interest” is owned or controlled by persons who are U.S. Citizens.
3. A “Limited Liability Company” organized under the law of one of the states of the United
States, where the “president” is a U.S. Citizen, and where “two-thirds or more of the appointed officers” and the “designated managers” are U.S. Citizens, and where a minimum of “75 percent of the membership voting interest” is owned or controlled by persons who are U.S. Citizens.
4. A “Partnership”, where “each partner is a citizen of the United States” or
5. A “Person” who is an actual U.S. Citizen.
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Source: Federal Aviation Administration
LEGAL
PREMISES
Unlike European registrations, US laws do not differentiate between owner and operator of the aircraft. The registration simply indicates the owner of the aircraft.
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Euroaviation Inc., Trustee is registered as (temporary) owner of the aircraft.
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A trust / operating agreement specifies and regulates the relation between owner and operator. All additional rights and duties imposed on the owner or operator.
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All trust documents fulfill the latest requirements of the FAA legal department to ensure a speedy registration process.
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LEGAL CONSTRUCTION OF A TRUST
Euroaviation Inc., Trustee purchases the aircraft (on paper).
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The purchase is carried out in Europe.
The operator (specified in the operating agreement) uses the aircraft.
The operating agreement specifies the legal relationship between owner and operator.
The US registered aircraft is legally operated outside of the United States.
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The aircraft is at your disposal at all times.
Your investment is 100 percent secured.
The aircraft can be sold at all times with the largest aircraft market available in addition.
TRUST AGREEMENT ASSURES
CONTACT US
Austrian Office:
Euroaviation Inc.
Industriezone 7
6175 Kematen
Austria
