BreezyIAH wrote:I know I'm probably late to this but why do all Avianca aircraft have the "N" registration?
FCOTSTW wrote:It could be for two reasons:
1. The lessor company (a third party) is headquartered in the U.S. or any of its territories and, by leasing contract, might require aircrafts to be registered with a specific country (example: almost all Alitalia' s aircrafts have an Irish "EI" registration) in order to keep local control over the leased aircrafts. By following this practice, in case of repossession due to breach of contract the proceedings could be faster and easier;
2. In case of ownership, as wynnster8 mentioned Avianca could have opened a fully-controlled, U.S. subsidiary, which would hold U.S. ownership of the aircrafts and would lease them to the airline, with substantial tax savings.
FermiParadox wrote:Does this mean that all Avianca pilots must hold FAA licenses?
Wynnster8 wrote:I will summarize it in 2 Words: Tax Purposes.
litz wrote:And regarding 1. above, remember that the world's largest "airline" is GE Capital Finance ... they own lots of airplanes leased to a lot of airlines all over the world.
Wynnster8 wrote:BreezyIAH wrote:I know I'm probably late to this but why do all Avianca aircraft have the "N" registration?
Refer to: viewtopic.php?t=538979
I will summarize it in 2 Words: Tax Purposes.
mabadia71 wrote:I have also heard the insurance premiums are much higher for Colombia, Costa Rica or El Salvador registered aircrafts.
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