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Foreign people registering aircraft in here?


Nicole44

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https://www.wfaa.com/mobile/article/news/local/investigates/foreign-ownership-of-thousands-of-us-aircraft-cloaked-in-secrecy/287-959247e4-3aba-4c0a-a83b-639145e81a64

In fact, more planes are registered to Onalaska than the number of registered planes in entire cities such as Seattle, San Antonio, San Diego, or even New York.

Just as surprising, the aircraft are registered to only two Onalaska P.O. boxes. That’s because the aircraft owners do not live there. Not even close.

WFAA has learned Onalaska is ground zero for a practice that allows foreigners to anonymously register their planes, and one that critics say makes the United States an easy target for drug dealers, terrorists and other criminals seeking to register their planes.

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I’d expect the vast majority of actual private jets (not NetJets, etc) are not registered to the owner...they’re all LLC, corporations or other methods to generate a favorable tax position while also concealing the wealthy owners identity.

Now why a bunch are in that one town who knows, but getting all amped up over this as some kind of terrorist threat seems a little excessive.

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https://www.bjtonline.com/business-jet-news/are-aircraft-hiding-on-us-registry?amp

But why is there a national security issue about the owners, anyway? Non-U.S.–registered aircraft fly around the U.S. all the time; there’s a harmless-looking jet registered in Bermuda outside my office window right now. If the concern is that someone will fly a jet into a Manhattan skyscraper or drop bombs on the Super Bowl, what difference does it make if the aircraft is on U.S. or Bermuda registry? Knowing the beneficiaries of non-citizen U.S. trusts will not protect us from heinous acts involving business jets. Nor will forcing jets “scattered around the globe” to forsake their current U.S. registration in favor of, say, Isle of Man greatly enhance our national security.

Of course, one purpose of allowing U.S. registration of aircraft in the name of a trust is precisely to enable such registration by non-U.S. citizens. FAA citizenship tests, for example, require corporations to have a “president” who is a U.S. citizen, a requirement that some major U.S. aircraft-owning corporations don’t meet. In such cases, a trust offers an easy solution.

Further, many jet owners who are U.S. citizens put their aircraft in trusts because they simply want to remain as anonymous as possible. Not every U.S. jet owner is as eager to advertise to whom his aircraft belongs as, say, Donald Trump.
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1 hour ago, Homercles said:

I’d expect the vast majority of actual private jets (not NetJets, etc) are not registered to the owner...they’re all LLC, corporations or other methods to generate a favorable tax position while also concealing the wealthy owners identity.

Now why a bunch are in that one town who knows, but getting all amped up over this as some kind of terrorist threat seems a little excessive.

It was explained why so many are registered in onalaska.  The company that provides the service to help foreign owners was based in onalaska until recently.  Moved to Oklahoma. 

its an odd that onalaska leads the country but there was nothing sinister about it.

 

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It was explained why so many are registered in onalaska.  The company that provides the service to help foreign owners was based in onalaska until recently.  Moved to Oklahoma. 
its an odd that onalaska leads the country but there was nothing sinister about it.
 


Clickbait. If you’re wealthy enough to actually own a jet, outright, and not ‘just’ fractional, jet card, etc...you don’t want everyone to know who is onboard that thing. Same reason why most are blocked on tracking sites.

Even the guy I follow on YouTube, Greg Mink aka “premier 1 driver” who everyone knows flies 390GM...has his registered to the company he owns.
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