Transcript: Six months before an aircraft registration expires, the FAA will mail a reminder to the address that they have on record for the aircraft. A month later, a
Transcript: Flight school operations are commonly located at your local FBO and they’re how many of us learn how to pilot, how to fly. Most flight schools don’t own
Transcript: When the IRS takes a look at our income and our expenses, they divide those income and expenses into several categories, that is, active income and expenses, passive
Transcript: Aircraft trusts are used for many reasons, but a common one is to meet legal aircraft registration requirements. US law restricts ownership of US registered aircraft by non-citizens.
Transcript: Leasing is really common for aircraft operations because aircraft are high liability items, and we always want to be very careful about who is in operational control of
Transcript: Aircraft receive an N-Number when they are first registered with the FAA, either an owner’s specially requested N-Number or a random one. Most already have an N-Number by
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