A Primer on Aircraft Mechanic’s Liens
Aircraft mechanic’s liens are the bane of aircraft repair facilities and lawyers. Unlike a lawsuit on account, a mechanic’s lien affords the repair facility or aircraft mechanic leverage. An unpaid lien asserted against an aircraft may prevent the aircraft owner from selling the aircraft until and unless he pays the mechanic’s lien...
Read More Aircraft Ownership and Voting Trusts
A United States corporation or citizen may act as an owner/trustee for a foreign national or foreign corporation provided the beneficiary of the trustee has no control over the ownership, retains no incidents of ownership, cannot terminate the trustee, and there is no other relationship between the trustee and the beneficiary other than the trust agreement. This is an aircraft Ownership Trust.
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