As a best practice, aircraft purchasers of U.S.-registered aircraft should follow the usual Federal Aviation Administration registration requirements for title searches and registrations. Failure to register or properly comply with the registry requirements means your interest is unperfected and you could lose your interest in the aircraft to a third party who chose to register. When the International Registry first rolled out in 2006, few states ratified the Treaty, so protections provided by the International Registry were limited. Further, the Registry had no process for processing multiple-ownership aircraft. About 80 states are now parties to the Cape Town Convention and Aircraft Protocol. According to the most recent annual report available, registrations reached over 131,000 - the highest number of registrations since the Registry opened in 2006. Factory Authorized FAILURE TO REGISTER OR PROPERLY COMPLY WITH THE REGISTRY REQUIREMENTS MEANS YOUR INTEREST IS UNPERFECTED AND YOU COULD LOSE YOUR INTEREST IN THE AIRCRAFT TO A THIRD PARTY WHO CHOSE TO REGISTER. The International Registry does not replace the need for a title search with the FAA or applicable aviation authority, nor does it replace FAA or other aviation authority registration requirements. A person with a financial interest in a U.S.-registered aircraft must first submit appropriate paperwork to the FAA Registry. The FAA will provide a Cape Town Transaction Code for the registering entity to complete the International Registry requirements. Initial Continued on following page Service Center & Dealer Call 770-486-6061 or visit us at www.pas-pag.com. Hydraulics Accessories Instruments Wheels & Brakes Starter Generators avionics news * october 2019 71http://www.pas-pag.com