Aircraft Operations & Legal, Aviation General
Step 1. Select one person from the company who will make the application to the International Registry.
The first principal, agent or employee of your “transaction user entity”, or TUE (the company through which you are buying, selling or lending) who applies to the International Registry will be the “Administrator” for the company. The Administrator will have the right to submit or consent to any registrations with respect to the company. In other words,
Entering into a purchase agreement for a conceptual aircraft is a unique experience even for savvy business professionals familiar with purchase contracts. These agreements can provide a purchaser with the opportunity to potentially acquire a new aircraft in exchange for a commitment of a relatively nominal down payment. From a manufacturer’s perspective, these agreements can gage the interest of prospective purchasers and determine if there is sufficient demand for them to proceed. The aircraft manufacturer typically develops a “mock-up” and provides pre-engineered estimates of specifications before initiating the expensive and time- consuming certification process.