This column appears in the current issue of Equipment Leasing and Finance Association (ELFA)
Magazine. It is republished with permission from the Equipment
Leasing and Finance Association.
As is the case with other transportation assets, the legal
considerations for aircraft and vessel finance providers (FPs)
include an amalgam of state, federal and international laws.
Summarized below are some of the more noteworthy recent legal
developments.
Aircraft Finance
FAA Accepts Digital Signatures. Effective April
1, 2016, the Federal Aviation Administration (FAA) Registry began
accepting printed duplicates of electronic documents displaying
legible digital signatures as meeting the signature requirements of
Parts 47 and 49. These documents include an application for
aircraft registration Form 8050-1 (the online version, available on
the FAA website), aircraft bill of sale AC Form 8050-2, security
documents, conditional sale contracts, leases and other
