The Future for U.S. Registration panel at CJI Miami (L to R John Schmidt, Scott McCreary, and Bruce Marshall)
On November 13, 2018 Aero Law Group Attorney John Schmidt spoke on a panel discussion at Corporate Jet Investor Conference in Miami to discuss upcoming changes at the FAA’s Aircraft Registry. Joined by industry experts Bruce Marshall of AIC Title Service and Scott McCreary of McAfee & Taft, the panelists briefly discussed the history of the Aircraft Registry and the upcoming changes that aircraft owners and operators can expect.
The FAA Reauthorization Act of 2018 was passed into law in October 2018. One of the goals of the Act is to increase ease of public access to the Registry. Here are some of the changes to expect:
- The Aircraft Registry will digitize all prior paperwork and allow for electronic document submissions;
- Non-commercial registrations will now last seven years instead of the current three years;
- Aircraft Registry employees (but not Aeronautical Center Counsel employees) are designated as essential employees and will work during a government shutdown or emergency furlough.
Another change that is already in effect is the new FAA Form 8050-1 Aircraft Registration Application which can now be signed via a digital signature.
Aero Law Group is looking forward to updates at the Federal Aviation Association, especially as it applies to smoother aircraft transactions and re-registrations for our clients.
As always, Aero Law Group is focused on providing the highest quality transaction legal services, and we look forward to helping aircraft owners and operators navigate the requirements of the Federal Aviation Association.