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What is an aircraft security agreement?

Aircraft Security Agreement means one or more aircraft security agreements executed and delivered by one or more of the Borrowers or the Guarantors in favor of Agent, in each case, in form and substance satisfactory to Agent.

How do you release a lien from an aircraft?

To Release a Recorded Lien A new Conveyance Recordation Notice form may be requested. Contact the Aircraft Registration Branch at 1 (866) 762-9434. You will need to describe the aircraft and the lien document sufficiently to identify the specific document needing release.

How do you perfect a security interest in an airplane?

To complete the perfection process, the grantee must submit a signed original of the security agreement to the FAA Aircraft Registry, evidence of the authorisation of the signing party, and the US$5 filing fee, and then mail a signed original agreement to the FAA's Aircraft Registration Branch.

What is a lien on an aircraft?

Liens against aircraft typically involve the claim of a financial debt on the aircraft by the claimant. And the types vary. A lien is essentially the right of a non-owner to enforce property possession when a debt is owed.

Can aircraft be registered in two countries?

An aircraft can only have one registration in one jurisdiction. However, the registration can be changeable over the life of the aircraft from one country registry to another.

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