Aircraft Title Insurance in the 20th Century

Due-diligence requires Aircraft Title Insurance for both owners and lenders.

Over four decades ago the Civil Aircraft Registry relocated to Oklahoma City from Washington, DC to execute its duties and obligations mandated in the (then) Federal Aviation Act of 1958.

Since then the Act has changed to the “Transportation Code”; the Civil Aircraft Registry has become the Civil Aviation Registry; the mission statement of the Registry

has metamorphosed from “to foster and promote aviation and aid air commerce” to “to aid aviation safety”; Uniform Commercial Code law has been adopted by the 50 states; there is an International Registry established by the Cape Town Treaty creating another step required to perfect certain interests in certain aircraft and engines; 9/11 spawned the USA Patriot Act which affects sellers of aircraft as well as lenders; product liability issues have been litigated and legislated; the Uniform Partnership Act has been enacted; LLCs were born, and the Information Superhighway has materialized!

Registering aircraft and recording interests in those registered aircraft has been perceived to be so complicated that owners and lenders pay law firms to perform the task of reviewing paperwork to assure it complies with FAA Regulations, state laws and commercial finance laws.

 Using Aero Records & Title Co.’s professional closing services, backed up by a title insurance policy for the owner and lender in any transaction will eliminate the need to pay expensive attorney fees and do away with the risk of loss because of a title issue for the transaction parties and pass that risk to a bona fide risk-taking, Fortune-500, publicly-traded insurance company!

 Commercial law, FAA regulations, privatization of national laws and implementation of global commercial law all affect ownership and security interests in very mobile and very expensive equipment, and can spawn some pretty complex transactions. 

 Protect your ownership or priority security interest by insuring it.  Call or write for a title insurance packet to see the many benefits of a Fidelity National Title Insurance Company policy of Aircraft Title Insurance!

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