>>5251576 6710

from the article…

https://agcorp.com/

Trustworthy, Knowledgeable, Efficient, Responsive

Are you looking to register your aircraft in the U.S. on the FAA Registry, but can’t meet the citizenship requirements? Aircraft Guaranty Corporation (“AGC”) can help. With more than 25 years of experience and over 2000 aircraft registered for clients in more than 160 different countries, you can be confident that we will handle your transaction with the greatest of care.

Our rates are reasonable and our service outstanding.

>>5251576 6710

moar background

https://agcorp.com/2017/07/what-is-an-aircraft-trust-and-how-does-it-work/

What if an aircraft owner does not meet FAA requirements?

Foreign nationals and others who are not eligible for aircraft ownership under the FAA requirements may still be interested in registering their aircraft. For these individuals, establishing a trust is the best way to maintain FAA registration in the United States.

What is an aircraft trust?

An aircraft trust is set up to give the airplane ownership to a trustee who meets the FAA registration requirements on behalf of the true owner. In the trust, the true owner is known as the trustor or trust beneficiary. The title and registration are held in the trustee’s name. The FAA has access to aircraft trust filing paperwork, giving them the identity of the beneficiary.

What are the advantages of a trust?

Trusts are primarily set up when aircraft owners do not meet the requirements to register their airplane with the FAA. The FAA is widely accepted, and aircraft that maintain their registration generally have higher resale values.

While FAA registration is the primary reason for aircraft trusts, they also might be set up for structural purposes, simplification purposes, or convenience. Whatever the reason, a trust can be maintained for an indefinite period of time.

How does an aircraft trust work?

A plane is placed in trust and the title of the aircraft is registered to the name of the trustee. The beneficiary of the trust owns a beneficial interest in the trust.

All correspondence from the FAA goes to the Owner Trustee, who then forwards that information to the beneficiary.

An operating or lease agreement is created between the beneficiary (or a separate 3rd party) and the trustee, giving the right to operate the aircraft back to the beneficial owner.

The Operator is obligated to insure, maintain, and operate the aircraft in accordance with FAA requirements.

The beneficiary can dissolve the trust at any time for any reason.

The title can be transferred back to the beneficiary at any time, although they may not be able to maintain the FAA registration.

The trustee cannot sell the aircraft without the beneficiary’s permission.

The Trustee receives all correspondence from the FAA and passes it on to the beneficiary owner.

>>5251576 6710

https://apps.bostonglobe.com/spotlight/secrets-in-the-sky/series/part-one/

The pilot of the plane, a twice-convicted drug trafficker traveling with a large amount of cash, had lost power just after taking off from nearby Simon Bolivar International Airport, spiraling down onto Gonzalez’s house. When the smoke cleared, Gonzalez’s twin daughters, two granddaughters, and all three people on the plane were dead.

Gonzalez had no idea where the plane had come from or why it had crashed. But amid the horrific scene, the registration number on the ruined aircraft — N6463L — held a clue: The plane was from the United States.

The United States remains an easy mark for drug dealers, terrorists and others who prize anonymity when registering aircraft or getting licensed to fly. So much for the lessons of 9/11.

>>5251837

continued from same bostongloble link…

Today, the public often only discovers the gaps in US oversight when something goes wrong or criminal investigators get involved:

The Venezuelan air force shot down a US-registered, drug-loaded plane near Aruba in 2015, leaving a trail of bodies and cocaine floating in the bright blue sea. Records showed the aircraft was registered to a Delaware shell company and managed by Conrad Kulatz, a Fort Lauderdale attorney in his late 70s.

Federal agents investigating US-registered planes that bore the hallmarks of drug smuggling in 2013 found that three had been illegally registered here in the name of a Mexican national. He fooled the FAA simply by listing a Texas strip mall near the Mexican border as his address and claiming to be a US citizen.

Early this year, US officials labeled Venezuela’s vice president, Tareck El Aissami, a foreign narcotics kingpin, freezing access to his US assets, including a luxury jet. The Treasury Department charged that the jet, registered at the FAA in the name of a shell company, was actually controlled by El Aissami, who, in addition to drug trafficking, also has been accused of aiding Islamic extremists. But, at the FAA, the jet’s registration remains valid in the name of 200G PSA Holdings.

In 2015, federal authorities broke up a scheme to deliver US airplanes registered through trusts to an Iranian airline that US officials say helps to transport troops and materiel to the brutal regime of Bashar Assad in Syria. Though the sale was stopped, the names of the people who planned to sell the airliners to Mahan Air were not revealed publicly.

With so little oversight, there may be more dangerous people in control of American-registered planes whose names have not come to light. The 9/11 conspirators considered using private crop-dusting planes to launch terror attacks before deciding to hijack commercial planes instead. Three months before the World Trade Center attack, terrorist Zacarias Moussaoui was trying to acquire crop dusters in Oklahoma. There is no reason to think his efforts would have been blocked or even noticed by the FAA’s Aircraft Registry just a few miles away in Oklahoma City.

Responding to the Globe’s findings, US Representative Stephen Lynch, a Massachusetts Democrat who has long promoted corporate transparency, said the public urgently needs to know whether there are other potential terrorists among the thousands of unknown individuals who control US-registered planes.

“The FAA has basically abdicated their responsibilities,” said Lynch, who in July filed a bill requiring that the real owners of US-registered planes be publicly disclosed. “We have all these aircraft being operated by who knows who and for what purpose. . . . It’s not the exception, it is the rule, and I think it is important to hold the FAA accountable.”

>>5251857

It may have until it was brought to light…

this link has a good bit of detail to it about what the anon was looking for.

https://apps.bostonglobe.com/spotlight/secrets-in-the-sky/series/part-one/