The Federal Aviation Regulations governing the registration of aircraft and the recording of conveyances in the United States are found at 14 C.F.R. Parts 45, 47 and 49 (the "Regulations"). The Regulations have been established by the FAA to carry out the provisions and requirements of the Act. The procedure for recording interests in U.S. registered aircraft is set out in ?????? 44107 and 44108 of the Act, and Part 49 of the Regulations.
Until a conveyance, lease, or instrument executed for security purposes which may be recorded under ??? 44107(a)(1) or (2) has been filed with the FAA, it is valid only against the parties to the instrument and individuals and entities who have actual knowledge of the instrument. Therefore, the interests of the parties to a transaction, including purchasers, lessor, lessees and secured parties, are not perfected until the instruments creating those interests have been filed with the FAA.
Aircraft Security Agreement With Canada
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How to fill out Security Agreement Regarding Aircraft And Equipment?
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FAQ
The security agreement must: contain words which state that the aircraft owner grants the secured party a security interest in the collateral. identify the collateral by manufacturer name, model designation, serial number, and N-Number.
Apply to Transport Canada, Civil Aviation for registration marks to be assigned to your aircraft; apply to Transport Canada, Civil Aviation to register your aircraft; provide aircraft-specific documentation with the application; pay the applicable fee(s).
As you probably know, you can fly your own Canadian aircraft in the United States and American pilots can fly theirs into Canada, but that only applies to any Canadian registered aircraft. There is a process to obtain a Canadian (TCCA) licence if you already hold an American (FAA) certificate.
Aircraft documentation a standard airworthiness certificate (CAR 605.01(2)) ... a registration certificate (FAR 47.3) an aircraft radio station license (47 CFR § 87.18) operating limitations, placards and instrument markings, approved flight manual, as required by regulations (FAR 91.9) weight and balance information.
Certificate of Airworthiness or Flight Permit. Certificate of Registration. Technical log. Crew licences. Radiotelephone Operator's Restricted Certificate. Type certificate. Aircraft journey log book, unless otherwise authorized by the Minister. Proof of liability insurance.