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Home » 2012 Issues » 77 FR (06/26/2012) » 2012-15339. Proposed Policy Clarification for the Registration of Aircraft to U.S. Citizen Trustees in Situations Involving Non-U.S. Citizen Trustors and Beneficiaries

  2012-15339. Proposed Policy Clarification for the Registration of Aircraft to U.S. Citizen Trustees in Situations Involving Non-U.S. Citizen Trustors and Beneficiaries  

  • Start Preamble

    AGENCY:

    Federal Aviation Administration, DOT.

    ACTION:

    Proposed Policy; Availability of Documents for Inspection and Extension of Time in which to Submit Written Comments.

    SUMMARY:

    The FAA is extending the comment period on its proposed policy regarding the registration of aircraft to U.S. Citizen Trustees in situations involving Non-U.S. citizen trustors and beneficiaries.

    DATES:

    The FAA is extending the comment period to August 17, 2012.

    Start Further Info

    FOR FURTHER INFORMATION CONTACT:

    LaDeana Peden at 405-954-3296, Office of Aeronautical Center Counsel, Federal Aviation Administration.

    End Further Info End Preamble Start Supplemental Information

    SUPPLEMENTARY INFORMATION:

    Incident to a public meeting held by the Federal Aviation Administration (FAA) on Wednesday, June 6, 2012, in Oklahoma City, Oklahoma, concerning aircraft registration by owner trustees for non-U.S. citizen beneficiaries, interested parties have submitted written comments to FAA. Those comments, as well as the Notice of Public Meeting and FAA slide presentation may be viewed at the Office of Chief Counsel's FAA Web site located at http://www.faa.gov/​Start Printed Page 38017about/​office_​org/​headquarters_​offices/​agc/​. The comment period is hereby extended through Friday, August 17, 2012, and may be submitted via email to ladeana.peden@faa.gov.

    As part of its review of non-citizen trusts, the FAA published a notice of its proposed policy clarification on February 9, 2012 (77 FR 6694) on use of non-citizen trusts to register aircraft in the United States. After the FAA discusses the legal issues, the FAA will suggest which provisions in trust agreements may need to be changed and it will suggest language that would enable the FAA to facilitate the registration of aircraft in the future that are owned in trust. The suggested language and the reasons for the suggested language, if adopted as the FAA's final policy on this matter, will guide the FAA in the future in determining eligibility for registering non-U.S. citizen trusts.

    Start Authority

    Authority: 49 U.S.C. 106g, 40113, 44701.

    End Authority Start Signature

    Issued in Oklahoma City, Oklahoma, on June 13, 2012.

    Joseph R. Standell,

    Aeronautical Center Counsel.

    End Signature End Supplemental Information

    [FR Doc. 2012-15339 Filed 6-25-12; 8:45 am]

    BILLING CODE 4910-13-P

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Document Information

Comments Received:
0 Comments
Published:
06/26/2012
Department:
Federal Aviation Administration
Entry Type:
Proposed Rule
Action:
Proposed Policy; Availability of Documents for Inspection and Extension of Time in which to Submit Written Comments.
Document Number:
2012-15339
Dates:
The FAA is extending the comment period to August 17, 2012.
Pages:
38016-38017 (2 pages)
Docket Numbers:
Docket No. FAA-2012-0658
PDF File:
2012-15339.pdf
CFR: (1)
14 CFR None