UN_B732
Topic Author
Posts: 3529
Joined: Wed Jul 04, 2001 12:57 am

N178UA Owned By Verizon?

Tue Nov 29, 2005 4:18 am

Someone sent me this from an ownership database

Boeing 747-400 PW4056 N178UA 24385 1990 VERIZON COMMUNICATIONS 64408 8067 9/30/2005 In Service

Now by which obscure means could a UA 747 belong to Verizon?
What now?
 
DLKAPA
Posts: 7962
Joined: Wed Dec 03, 2003 10:37 am

RE: N178UA Owned By Verizon?

Tue Nov 29, 2005 4:22 am

Serial Number 24385 Type Registration Corporation
Manufacturer Name BOEING Certificate Issue Date 11/14/1990
Model 747-422 Status Valid
Type Aircraft Fixed Wing Multi-Engine Type Engine Turbo-Jet
Pending Number Change None Dealer No
Date Change Authorized None Mode S Code 50234250
MFR Year 1990 Fractional Owner NO



Registered Owner

Name WILMINGTON TRUST CO TRUSTEE
Street RODNEY SQ N CORP TRUST ADMINISTRA
City WILMINGTON State DELAWARE Zip Code 19890
County NEW CASTLE
Country UNITED STATES
And all at once the crowd begins to sing: Sometimes the hardest thing and the right thing are the same
 
UN_B732
Topic Author
Posts: 3529
Joined: Wed Jul 04, 2001 12:57 am

RE: N178UA Owned By Verizon?

Tue Nov 29, 2005 4:23 am

Must have been a database error.. Thanks.
What now?
 
FlyHoss
Posts: 534
Joined: Wed Feb 02, 2005 12:20 pm

RE: N178UA Owned By Verizon?

Tue Nov 29, 2005 4:25 am

That may be the case, where an owner leases an aircraft to a carrier. I checked the FAA registry database myself for 178UA and found it's controlled (not necessarily owned) by Wilmington Trust Co. - Trustee. It's not uncommon for the owner to use, or establish, a trustee to manage the aircraft or it's lease.
To check the FAA registry, use this link:

http://registry.faa.gov/aircraftinquiry/nnum_inquiry.asp
A little bit louder now, a lil bit louder now...
 
syncmaster
Posts: 1926
Joined: Mon Jul 15, 2002 9:55 am

RE: N178UA Owned By Verizon?

Tue Nov 29, 2005 4:26 am

The company that provided the capital to purchase the plane was probably Verizon Capital (owned by Verizon Communications), Wilmington Trust Co is just the trustee (they are handling the deal).

I've seen Verizon named in serveral of the Delta Chapter 11 lease rejections as well.

-Charlie
 
User avatar
LAXintl
Posts: 20460
Joined: Wed May 24, 2000 12:12 pm

RE: N178UA Owned By Verizon?

Tue Nov 29, 2005 4:29 am

You guys might remember a few months back Disney was suing United for back payments related to several B757s.

Its not unusual for non aviation companies to take part in investments in aircraft. They usually do this for the tax benefits (large depreciation charges).
From the desert to the sea, to all of Southern California
 
gerardo
Posts: 3372
Joined: Sun May 21, 2000 6:22 pm

RE: N178UA Owned By Verizon?

Tue Nov 29, 2005 5:43 am

And I thought, you were talking about this N178UA here  Wink

Gerardo
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