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US N-number a/c abroad



 
 
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  #11  
Old August 11th 03, 04:12 PM
Paul
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When I was stationed in Spain in the 60s I bought N2426E a 7AC Champ from
the Navy flying club at Rota Spain. I kept my plane at Tablada a Spanish
Airforce base outside Sevilla.

I flew it for nearly 3 years, The FAA was in Madrid and I was simply
informed to call him in an instant if I ever had an accident or incident.

Cheers:

Paul
NC2273H


  #12  
Old August 14th 03, 02:36 AM
Mike Long
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Through trusts in Delaware, since the owner must be a US citizen.

Actually, it's a Voting Trust and can be in any state. A voting trust
translates loosely to a US citizen owning 51% of the company but has
no voting rights. The foreign citizen owns 49% but has voting rights.
The net result is the foreign citizen votes and operates the company
as though he were full owner.


Mike
 




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