FAA Issues Final Rule — Comprehensive Changes to Aircraft Registration Requirements
Many Canadian businesses are affected by U.S. aviation regulations – either directly through U.S.-subsidiaries that operate aircraft in the U.S., or as lenders to U.S. aircraft-financing customers. The U.S. Federal Aviation Administration (“FAA”) very recently enacted a “game changer” regulation that significantly and substantially changes the registration procedures for U.S.-registered civil aircraft.
On July 20, the FAA issued the Re-Registration and Renewal of Aircraft Registration (“Final Rule”), that will require the re-registration of all aircraft registered prior to October 1, 2010. In addition, the Final Rule states that all aircraft registrations issued after October 1, 2010, will expire and, therefore, need to be re-registered every three years. These changes will have a significant impact on many and will likely result in numerous unanticipated adverse consequences.
For more information, please contact the Canada Practice Group or the Aviation Practice Group at Lane Powell: