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,
Electing Out of Subchapter K Provides Tax Benefits While Reducing Regulatory Cost
Aviation, legal and tax professionals have historically encouraged joint owners of aircraft to hold their respective interest in the title. The FAA has allowed for co-ownership of aircraft in its registration process, and issued interpretations as to how these aircraft may be operated. The FAA specifically allows one co-owner to provide pilot services to fellow co-owners without violating the prohibitions banning the sale of transportation services by FAR Part 91 Operators.
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