Aircraft Mechanic's Liens In

If you provide storage, repair, maintenance or other services to aircraft, you have the ability to assert a lien on that aircraft and retain possession until you have been paid. This is commonly referred to as a mechanic’s lien.

What isn’t as commonly known is that, in Minnesota, you don’t necessarily lose your lien rights if you no longer have possession of the aircraft. The situation arises when an owner pays you with a check and leaves with the aircraft. Later, the bank dishonors the check. Now what?

Under Minnesota Statute § 514.221, you can re-assert your mechanic’s lien against an aircraft by filing a verified statement and description of the aircraft and the work done or material furnished. The Statement must be filed with the “appropriate office under the Uniform Commercial Code.” This would be the FAA’s Aircraft Registry in Oklahoma City, OK.

The verified statement must include N-number, make and model of the aircraft, amount owed for the services and date of last work. The statement must be signed in ink, with title if on behalf of a corporation or limited liability company and must be accompanied by the $5.00 filing fee.

Also, if the owner of the aircraft is located in Minnesota, you may want to file the statement with the Secretary of State. Although it is not necessary to perfect your lien, it will provide notice to anyone who doesn’t know to check with the Aircraft Registry.

This is called “perfecting” your mechanic’s lien and must be done within 90 days after you provide the work, materials or service. Once perfected, you now have a lien on the aircraft.

Perfection secures the amount you are owed with the aircraft. You then have several options. First, in order to sell the aircraft, the owner will need to pay you and obtain a release before the owner can give a buyer clear title to the aircraft.

Second, you also have the ability to repossess and foreclose on the aircraft. This means you can force a sale of the aircraft and then receive payment out of the proceeds of the sale. Any excess money is given to the owner.

Under the first option, you run the risk of having to wait until the owner attempts to sell the aircraft. The second option gives you more control, but is also more costly than simply waiting. However, under either option you are definitely in a better position to get paid than you would be without the lien.

Author: Greg is an aviation attorney, author and holds a commercial pilot certificate with instrument rating. His practice concentrates on aviation litigation, including insurance matters and creditor’s rights, FAA certificate actions and aviation related transactional matters. He can be reached via e-mail at greigel@aerolegalservices.com or check out his website at www.aerolegalservices.com

Aircraft Mechanic

10 Best Ways to Justify Your Airplane Purchase

For those of us who've caught the "aviation bug" finding a way to justify the purchase of an airplane becomes an all consuming mental task. Make this task simple by choosing the appropriate reasons from the list below:

1. The airplane will make money for me.

This one actually works! Learn about leasebacks and/or using your airplane in your business by visiting: http://www.airplanenoise.com/answers_to_why.htm

2. My business will benefit from my increased productivity when I fly instead of drive.

Save time and money by flying yourself! You can avoid hours at the security gate and layover time by flying yourself. Most regional trips will be completed in a fraction of the time you'd spend driving or flying commercially. Learn more by clicking the link: http://www.airplanenoise.com/business_justification.htm

3. The airplane will keep my family together.

Many people find their children off to college and their parents staying in the south. A personal aircraft allows you to stay in contact and maintain the relationships that are so important to you. After all. . . is there anything more important than our relationships with our family and friends?

4. Learning to fly provides a new challenge

Most of us have dreamed about flying since our childhood. What's preventing us from taking that step? Life's too short to procrastinate!

5. I can vacation every weekend

No doubt, every weekend can be earmarked for a new destination. Start with you own state, and expand to other states. Visit museums, recreation areas, friends . . . the sky's the limit! Start with this list: http://www.airplanenoise.com/great_trips.htm

6. I can make an airplane payment instead of an IRS payment

With minimal business use (30%), your airplane purchase may be a depreciable asset. New tax laws significantly increased the tax benefit to owners. Learn more by downloading a FREE audio TeleClass at: http://www.airplanenoise.com/download_teleclass.htm

7. I can enhance my children's educational experience

Children learn more from an experience rather than sitting in a classroom or reading a book. Trips to Washington D.C., Niagara Falls, Gettysburg, PA, Kitty Hawk are all great reasons to fly the family. Re-live your childhood at the same time.

8. Flying as therapy?

Well, believe it or not, some people fly for its therapeutic benefits. Life's problems seem to disintegrate as altitude increases. Try it next time you're feeling overwhelmed by life's challenges!

9. An airplane is a terrific status symbol

If status is what you're looking for. . . you can't beat an airplane. Not only are pilots looked up to, but when it's your own airplane. . . "You've arrived!" No one even needs to know that the airplane is generating a positive cash flow.

10. I just WANT one!

Sometimes we just need to satisfy our desires!
"I'm worth it."
"I've worked hard and this is my reward."
"I only live once!"

I know you can add to this list!

Author: Pat Redmond, helps business owners who are tired of long lines and baggage claims, fly their way to freedom! Enjoy dinner with your family tonight! To learn more about the General Aviation Business, sign up for FREE aircraft purchase tips and tools, visit her site at http://www.airplanenoise.com

Ways To Purchase Airplane

Well in aviation the toys for pilots are getting a lot better, for instance the GPS-PDAs with sectional charts on them. Also lots of other data like the J-Aide and Jeppeson airport contacts once you arrive. All this makes flying easier, less complicated and more enjoyable. AvMap EKP-III C and even more cool are the ones with all the bells and whistles; Such as loading it with an International Data Base. Hell now the CIA can have all the civilian data along with their intelligence information. Of course this newest Industry finds itself with many new players as pilots are generally not having a problem affording new toys and it saves all those large flight bags and Knee Boards and clips. You can still buy the clipboards and I have one when I drive the Blitz Mobile mobile command center across the country hunting for the latest technologies it has maps and important numbers to do business from the highway. Many truck drivers and railroad conductors use such boards and in the NAVY Pilots use them and even probably torpedo bombers did too; remember George Bush Senior flew a torpedo bomber?

Back to our GPS Toys and PDA devices; Another one of the more unique ones is the EnFlight Text Weather Devise which you can Google to get all the specs, definitely worth a look see. All of these devises also allow for National Security so no more private pilots in C-182s fly into restricted areas.

These companies are also careful whom they send these devises to, for obvious reasons. Just think you could be flying your own private plane with a little PDA devise and go have a blast with your newfound freedom. Another cool devise and one of my favorites is the Pocket test which you can look up on Google. This is a cool devise to help you from getting lost and it has just about too many features to list, too bad it was not Windows CE based, I just cannot trust the longevity of Palm in the market place and hope our military is not so stupid to buy into there hype for military versions. One thing going for it is its size. Very small.

We did like the MapTech unit also because we can use it on a laptop, Handheld GPS unit of PDA GPS unit, with terrain CAD capabilities. This unit has many other purposes for General Civil Engineering, Forestry, Mobile Car Washing scheduling and routing, Aviation, Hiking, Fishing, Diving, Trucking, you name it. It also has features from NOAA for weather; I would recommend this as the best all-purpose unit I have thus yet found. It also works with ESRI software. So we like this for its versatility across industries. Good for us too with the blitz mobile to take the route with the least amount of hills for fuel consumption conservation and wear and tear on a 300,000-mile truck. Another of the best units we looked at was the which can be used like a Top Secret "Bloodhound Unit" and we can use this for car wash truck tracking, can be used for just about any real use to help you find your self or units. This is a way we can covertly track our units so employees do not screw off and kill profits and lie about where they were and how long they were there. Also in our survey we looked at the SatellinkTech units and found a lot of other cool features there;

http://www.satellinktech.com/product/merlin_air_main.htm

This is a great tool, like the other units is does provide real time data such as; Airport observations and forecasts (text), Area forecasts (text), Upper wind forecasts (text), Pilot reports (text and onboard processed graphics), Icing and Turbulence forecasts (graphical), Status of restricted, prohibited, and military training airspace (text and onboard processed graphics), Location of other aircraft on instrument flight plans (onboard processed graphics), FAA alerts and advisories, Aircraft Situational Display.

What is also of interest is how much all these companies work together so that they can provide all the same data to all their customers. This does not mean one is not better than the other. For our purposes we chose the Tele Type unit with all the features, which we may implement in the future. I hope this review of products has assisted you in learning more about the technology. Many of these PDA technologies will be available for nearly any business small or large.

Author:Lance Winslow is a retired entrepreneur, Pilot and works with the World Think Tank; http://www.WorldThinkTank.net/wttbbs

Advanced Aviation Gadgets