Saryon wrote:

I'm only puzzled as to why, if they did not care to ensure the
corporation was conrtrolled by US Citizens, they would bother to write
up a 2 page memo detailing a two pronged test including a requirement
that they required 75% control of an LLC by US Citizens, and then
going on to detail the various paperwork acceptable to meet the test.
If the company can be foregin owned/controlled, why would they care or
ask whether an LLC formed under the laws of any US State is controlled
by US Citizens?

The way I interpret the regulation, you can form a U.S. corporation that has 75%
U.S. ownership for the sole purpose of owning the plane. A foreign corporation
must be "doing business" if it wants to own a plane here.

George Patterson
Great discoveries are not announced with "Eureka!". What's usually said is
"Hummmmm... That's interesting...."