Tag: foreigner owners transfer ownership to US residents

Foreign ownership of thousands of U.S. aircraft cloaked in secrecy | wfaa.com

Why does a small East Texas town called Onalaska have more than 1,000 registered aircraft – and no airport?

To register a plane, owners need to be a U.S. citizen or a permanent resident. However, the FAA will allow foreigners to register their planes by transferring a title to a U.S. trustee.

— Read on www.wfaa.com/mobile/article/news/local/investigates/foreign-ownership-of-thousands-of-us-aircraft-cloaked-in-secrecy/287-959247e4-3aba-4c0a-a83b-639145e81a64