Archive for Aircraft

If the FAA says I Own My Aircraft, do I Really?

Not necessarily. Here’s why. Philko Aviation, Inc. v. Shacket United States Supreme Court 462 U.S. 406 (1983) This is a great example of aircraft ownership and the role of the FAA in sales transactions. In this case, a shady character, Roger Smith, sold an aircraft to the Shackets. Smith provided the aircraft and a photocopy […]

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The FAA’s Position on Aircraft Titles

The civil aviation industry relies on the FAA for plenty of things, including information, certification, and training. While the FAA provides a plethora of resources, it’s important to understand how they handle documentation. Specifically, what is their position on aircraft titles? The answer, quite simply, is they don’t have one. Aircraft owners, purchasers, and sellers […]

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Why Bother with a Title Search

I got a call once from a man who was about to board a plane to Nashville to buy a plane from a guy he had never met. He was experiencing sudden cold feet, wondering if the man he was about to meet really owned the plane, had the right to sell it, or owed […]

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Escrow – Born in a Pool Hall

I saw this great aircraft for sale online, so I contacted the seller.  He seemed like a nice guy and the aircraft was exactly what I wanted, so I mailed him a check.  I haven’t heard a word since. Have you ever heard a story like this?  They are more common than one might think.  […]

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