"Saryon" wrote in message
...
Section 3 of the FAQ does say that foregin corps can own if the
aircraft is primarily used/based in the US. However, with the memo
they have on LLC's requiring 75% us citizen ownership, the FAA seems
to be contradicting themselves on their corporation statement

What makes you feel that the memo applies to anything other than section 1?

I find the regulation perfectly clear. A foreign-owned corporation, even if
100% foreign-owned, is fine as long as the corporation itself is a US
corporation and the airplane is *primarily* operated in the US. The
percentage of foreign ownership matters only if the corporation is to be
considered a "US citizen".

The only ambiguity I see is whether the third section means "lawfully
organized and (doing business under the laws of the United States)" or it
means "(lawfully organized and doing business) under the laws of the United
States". But that would only affect where the corporation needs to be
formed, not who owns it.

My apologies if some d's are missing from this post (and others). My
keyboard has just started to have problems (sigh).

Pete