industry news

NAFA member Gilchrist Aviation Law shares the Aircraft Title Lawyer & Title Company Coalition's joint response to the FAA. 

On May 23, 2025, the Aircraft Title Lawyer & Title Company Coalition (“ATLTCC”) submitted a joint response to the FAA’s request for comment to withhold certain aircraft registration information from public dissemination.  If you are unfamiliar with the FAA’s privacy proposal and the related request for comment, we encourage you to read part one of our “Flying Private” series to learn more about the scope and implications of this new directive.

As expected, the new rule has drawn significant attention from across the aviation industry, with numerous stakeholders weighing in to express their support or concerns. In total, more than 600 comments were submitted during the public comment period, which closed on June 4, 2025.

The ATLTCC is an informal association of aviation title companies and law firms, Gilchrist Aviation Law being a part of this group. Given their proximity to the Mike Monroney Aeronautical Center and the FAA Aircraft Registry in Oklahoma City, these companies play a vital role in the aircraft transaction ecosystem. While the ATLTCC does not regularly meet, the FAA’s introduction of a privacy option for aircraft registration prompted a united response from those most deeply involved in the examination of FAA records.

Read full article here

This article was originally published by Gilchrist Aviation Law on June 10, 2025.

NAFA member Jetcraft released their Q2 2025 Market Intelligence Update.

A turning point in market momentum

After two years of softening market conditions, early 2025 has brought a notable shift. For the first time since 2022, the share of the business aviation fleet available for sale is declining. This re-tightening of inventory–driven by geopolitical uncertainty and a growing “wait-and-see” attitude among sellers–is already influencing transaction behavior.
 

Cilck here for more information

This report was originally published by Jetcraft on June 9, 2025.

Contact Information:

Theresa C. Myers
theresa.c.myers@nafa.aero
410-571-1740
 

Mark Bearden
mark.bearden@faef.com
585.643.3296
 

NAFA Welcomes New Member: First American Equipment Finance
 

Edgewater, MD — June 3, 2025 - The National Aircraft Finance Association (NAFA) is proud to announce that First American Equipment Finance has joined its distinguished network of aviation professionals.

NAFA President Bryan Byers comments, "We are confident that the unique expertise that First American Equipment Finance brings will be incredibly valuable to our association and will further strengthen our collective ability to navigate the complexities of aircraft finance."

First American Equipment Finance is dedicated to being the best company to work with and the best company to work for, guiding clients through complex equipment finance transactions. Their commitment to providing exceptional service and fostering a positive work environment aligns with NAFA’s mission to support excellence and integrity in the finance industry. With expertise in equipment financing solutions, as well as U.S.-registered, new, pre-owned, and fractional aircraft financing, First American will enrich the NAFA community with practical knowledge and innovative thinking.

NAFA looks forward to the unique perspectives First American will bring as the association continues to support innovation and excellence in the finance industry.

"Our NAFA membership is one of several important actions we are taking this year to increase our investment in supporting the private aviation industry, and we are extremely excited to contribute to the NAFA community," says Mark Bearden, Senior Vice President and Head of First American's Bank Support Division.
 

About First American Equipment Finance:

First American Equipment Finance is one of the of the country’s largest equipment finance companies, providing leasing and financing to established commercial borrowers throughout the United States and Canada. First American specializes in aircraft financing, offering highly competitive solutions for fractional aircraft shares and full aircraft ownership. The company’s experienced team expertly navigates the entire financing process, providing strategic guidance while evaluating cash flow, tax implications, and borrowing options to secure the most effective solution for each client’s needs. As a wholly owned subsidiary of City National Bank, an RBC company, First American can offer clients competitive rates while delivering unique value through focused, industry-aligned teams. For more information, visit www.faef.com/city-national.

About City National:

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $93 billion in assets as of April 30, 2025. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $101 billion in client investment assets. City National is dedicated to strengthening communities, and in 2024 alone, the company made charitable contributions of nearly $10 million in charitable contributions to nonprofits that support the communities it serves.

*City National Bank does business in Miami and the state of Florida as CN Bank.
 

About NAFA: 

The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer.

Contact Information:

Tracey Cheek
TLC@NAFA.aero
405.285.7005

John Odegard
john@5x5trading.com
646.946.7702
www.5x5trading.com

NAFA Welcomes New Member: 5x5 Trading
 

Edgewater, MD — May 29, 2025 - The National Aircraft Finance Association (NAFA) is proud to announce that 5x5 Trading, an IADA-accredited aircraft broker and dealer, has joined its distinguished network of aviation professionals.

NAFA President Bryan Byers welcomes 5x5 Trading to the National Aircraft Finance Association. "We are thrilled to have 5x5 Trading join our network, and we anticipate that their engagement and contributions will be immensely valuable in enhancing the knowledge and resources available to all NAFA members," the President noted.

5x5 Trading blends rigorous analytics with human insight to guide clients through complex aircraft transactions. Their strong commitment to fiduciary integrity and bespoke strategy aligns closely with NAFA’s mission to support ethical and informed aircraft financing. With expertise spanning brokerage and acquisition, trade, new aircraft advisory, and corporate fleet strategy, we hope 5x5 Trading will enrich the NAFA community with practical knowledge, innovative thinking, and a collaborative spirit.

“We are excited to be joining NAFA and furthering our close working relationships with the best of the best in the aircraft finance industry. We look forward to continued collaboration and are honored to be able to contribute to a great association.” John Odegard, Partner, 5x5 Trading.

NAFA looks forward to the unique perspectives 5x5 will bring as the association continues to support innovation and excellence in the aircraft finance industry.

About 5x5 Trading:
5x5 Trading is an International Aircraft Dealers Association (IADA) accredited broker dealer offering independent aircraft brokerage, acquisition, trade and new aircraft advisory services. For more information and current aircraft inventory, visit us at 5x5Trading.com.

About NAFA: 
The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer.

Contact Information:  
  

Tracey Cheek   
TLC@NAFA.aero
405.285.7005  
  

Steve Brecken 
Steve.brecken@eveairmobility.com 
321.471.9121 
  

NAFA Welcomes New Member: Eve Air Mobility  
  

Edgewater, MD — May 16, 2025 - The National Aircraft Finance Association (NAFA) is excited to announce that Eve Air Mobility, has joined its distinguished network of aviation professionals. 

“As pioneers in the eVTOL revolution, we are committed to partnering with NAFA members to create innovative financing solutions that accelerate the adoption of transformative aircraft and redefine the future of urban air mobility,” said Eve Air Mobility CEO Johann Bordais. 

NAFA President Bryan Byers welcomes Eve Air Mobility to the National Aircraft Finance Association. "EVE Air Mobility represents an exciting frontier in aviation, and their innovative approach to urban air mobility will bring invaluable insights to our association. We are delighted to welcome them to the NAFA community and look forward to their contributions as we explore the evolving landscape of aircraft finance." 

"Joining NAFA is a significant step for Eve Air Mobility as we drive the future of urban air mobility,” said Megha Bhatia, Eve Air Mobility's Chief Commercial Officer. "The association offers us vital opportunities for collaboration and growth in the aircraft finance community, reinforcing our commitment to making eVTOL flight a reality."

About Eve Air Mobility: 
Eve Air Mobility is dedicated to accelerating the Urban Air Mobility ecosystem. Leveraging the agility of a new venture and building upon Embraer's 55 years of aerospace expertise and a singular focus, Eve is taking a holistic approach to progressing the urban air mobility ecosystem with an advanced, eVTOL project, comprehensive global services and support network, and unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange where its shares of common stock and public warrants trade under the tickers “EVEX” and “EVEXW”. To learn more, please visit www.eveairmobility.com. 

About NAFA:   
The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer.  

Contact Information: 
 

Tracey Cheek  
TLC@NAFA.aero  
405.285.7005 
 

Michael Tentindo 
mtentindo@nixonpeabody.com 
617.345.1203 
nixonpeabody.com 
 

NAFA Welcomes New Member: Nixon Peabody, LLP 
 

Edgewater, MD — April 22, 2025 - The National Aircraft Finance Association (NAFA) is excited to announce that Nixon Peabody LLP, has joined its distinguished network of aviation professionals.  

NAFA President Bryan Byers welcomes Nixon Peabody to the National Aircraft Finance Association. "We are thrilled to have Nixon Peabody join our network, and we anticipate that their engagement and contributions will be immensely valuable in enhancing the knowledge and resources available to all NAFA members." the President noted. 

With their high performance, entrepreneurial spirit, deep industry knowledge, and commitment to service excellence, Nixon Peabody will be a valuable asset to our association. Their expertise in delivering creative solutions for complex legal problems and their focus on building strong, long-lasting relationships aligns perfectly with NAFA's mission to foster collaboration and growth within the aircraft finance industry. We look forward to their participation. 
 

About Nixon Peabody, LLP:
Nixon Peabody has a seasoned team of aviation finance professionals who understand the complexity of the collateral and the legal hurdles involved in each type of financing structure. Our aviation finance team represents clients on transactions in every sector of our industry and we provide an efficient, practical, and results-orientated approach on every transaction that we handle.  Nixon Peabody also has an experienced and deep aviation litigation group. It understands that aviation businesses need advisors who can foresee the regulatory, business, and legal needs of our industry and guide them through NTSB, FAA, and foreign accident investigations, public hearings, and regulatory inquiries with prompt, efficient, and aggressive defenses. Learn more at nixonpeabody.com.  
 

About NAFA:  
The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

Contact Information: 

Tracey Cheek  
TLC@NAFA.aero  
405.285.7005 
 

Emanuel Anton 
Emanuel@bizjetlaw.com 
303.816.3054 
bizjetlaw.com 

NAFA Welcomes New Member: Bizjet Law 
 

Edgewater, MD — April 15, 2025 - The National Aircraft Finance Association (NAFA) is excited to announce that Bizjet Law has joined its distinguished network of aviation professionals. The firm’s focused experience in business aviation makes it a strategic addition to NAFA’s membership of lenders, lessors, and finance professionals committed to advancing the industry. 

NAFA is confident that BizJet Law will bring valuable insights and expertise to its growing network of aviation professionals. “NAFA members facilitate the financing of general and business aviation aircraft on a global scale,” said Ed Medici, NAFA President. “We welcome and support Bizjet Law’s services that play a role in advancing the interests of NAFA members within the aviation industry.”  

Bizjet Law is a nationally recognized firm with a strong track record representing business aviation clients in complex domestic and cross-border aircraft transactions.  The firm advises borrowers primarily—corporate flight departments, family offices, and individual owners—on tax strategy, regulatory compliance, and financing structures, including fleet acquisitions, leasebacks, and multi-jurisdictional syndicated deals.  “Joining NAFA reinforces our commitment to the aviation finance community,” said Emanuel Anton, CEO of Bizjet Law. “We’re not just tax and legal advisors—we’re deal closers. We’re committed to helping clients structure intelligently, move quickly, and close with confidence.” 
 

About Bizjet Law: 

Bizjet Law combines transactional sophistication with deep regulatory insight to support clients who own, operate, or rely on turbine aircraft. The firm works alongside aircraft lenders, lessors, brokers, owners, and operators to deliver intended results. From federal and state tax planning to deal closings, the firm delivers clarity, efficiency, and confidence, acting as a strategic partner dedicated to achieving optimal outcomes. Learn more at https://bizjetlaw.com.  
 

About NAFA:  

The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

EDGEWATER, MD — April 14, 2025 – The National Aircraft Finance Association (NAFA) is pleased to announce that Mr. David Warner has been honored with the Lifetime Achievement Award at the association’s 53rd Annual Conference, held in Fort Lauderdale, Florida, April 8–10, 2025.  

David Warner’s extensive career has established him as a leading figure in aviation law, where he has made significant contributions to the acquisition, disposition, operation, leasing, and financing of both new and pre-owned aircraft. With decades of experience, Warner’s legal expertise spans the full spectrum of aviation matters, advising high-net-worth individuals, corporate flight departments, and aviation lenders. His insights into tax-efficient structures, FAA and DOT regulatory matters, and operational arrangements have provided invaluable support to clients navigating the complex aviation landscape. 

In addition to his client work, Warner has been a dedicated leader in the aviation community. He joined NAFA in 1998, and served on the Board of Directors from 2000–2008, and as General Counsel for NAFA from the formation of the role in 2008 until he stepped down in 2024, playing a crucial role in advancing the mission of the association and supporting the development of best practices within the industry. He has also served on the Board of the Pacific Northwest Business Aviation Association for nine years and remains an active member of the International Aircraft Dealers Association. 

“David Warner has made an indelible impact on both the aviation finance and legal communities,” said Bryan Byers, NAFA President. “His decades of service, leadership, and unwavering commitment to the values of our association make him a truly deserving recipient of this prestigious award.” 

Warner’s distinguished career and lasting contributions to the industry make him an exemplary figure deserving of recognition. The Lifetime Achievement Award honors individuals who have demonstrated exceptional dedication and service to the aircraft finance industry throughout their careers, and David Warner is certainly a worthy recipient of this esteemed accolade. 

The award was presented at the 53rd Annual NAFA Conference, which gathers industry professionals to discuss key topics in aircraft finance and celebrate the contributions of leaders like David Warner. 

About NAFA:   
The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

Fort Lauderdale, FL – April 14, 2025 – The National Aircraft Finance Association (NAFA) recently hosted its 53rd Annual Conference, which took place from April 8–10, 2025 at the Fort Lauderdale Marriott Harbor Beach Resort & Spa. This year’s event brought together leaders in business aviation to engage in informative sessions, network with industry professionals, and experience exciting activities that provided new insights into the evolving world of aircraft finance. 

Welcoming the New Members of the NAFA Board of Directors 
This year, we welcome several new additions to the Board of Directors.  

• President: Bryan Byers of Prism Bank 

• Secretary: Jim Blessing of AirFleet Capital, Inc. 

• Members-at-Large: Christopher Lee of 1st Source Bank; Brian Macbean of AOPA; John Odegard of 5X5 Trading; and Dave Wall of TVPX 

NAFA thanks outgoing Members-at-Large Anthony Schieber and Phil Winters for their contributions. We also thank outgoing President Ed Medici for his leadership over the past year and his continued involvement in the coming year as an ex-officio member. 

NAFA53 Features Expert Education and Exciting Events 
This year’s conference featured a dynamic lineup of industry experts who led sessions covering pressing topics in business aviation, including recent global tariffs, aircraft financing, market trends, regulatory updates, and technological advancements. In addition to the informative sessions, attendees had the opportunity to connect with engaging activities such as a golf tournament and an exciting Everglades tour, making for a well-rounded and enriching experience. 

New NAFA President Bryan Byers shared his excitement about the event’s success, stating, “Our 53rd Annual Conference was a great success. It was inspiring to see so many of our members reconnect, collaborate, and engage in thoughtful discussions around the key issues currently impacting the business aviation industry. With new partnerships forming and important connections being made, we are more confident than ever about NAFA’s role in supporting the continued growth of the sector.” 

Several awards were presented at this year’s annual conference. Dave Warner was recognized with the Lifetime Achievement Award for his outstanding contributions to the aircraft finance industry throughout his career. NAFA also recognized Pete Bunce, retiring president and CEO of the General Aviation Manufacturers Association (GAMA), and Mark Baker, retiring president of the Aircraft Owners and Pilots Association (AOPA), with awards in recognition of their long-term commitment to and support of NAFA.  

On April 8, just before the conference began, NAFA and the American Society of Appraisers (ASA) sponsored the Aircraft Appraisal Continuing Education Program, which was held at the conference venue.  

Embry-Riddle Collaboration and Historic Milestone for Students 

The NAFA Foundation launched its first Endowment with Embry-Riddle Aeronautical University (ERAU) last year and established a goal of incorporating business aviation and private aviation finance into the ERAU Masters of Aviation Finance curriculum.  Working with quite a few NAFA member companies, in collaboration with ERAU’s School of Business, we launched two new courses, to be known as NAFA1 and NAFA2. Each course includes five modules, and each module represents three weeks of classes, 3 hours per week. Our first “class” commenced in late 2024 and we’re pleased to see 12 students enrolled in the inaugural program. 

Generous Sponsors 
NAFA extends its gratitude to the generous sponsors who made this year’s event possible: 

• Tropical Paradise: AIC Title Service, AirFleet Capital Inc., Eastern Recovery Inc., Embraer, GlobalAir.com, Insured Aircraft Title Service, LLC, and Scope Aircraft Finance 

• Oceanfront: Aero-Space Reports, Gilchrist Aviation Law 

• Intracoastal: Aircraft Bluebook, Crowe & Dunlevy, Jet Support Services, Inc., LL Johns Aviation Insurance, PNC Aviation Finance, and Vinci Aeronautica 

• Sandy Shore: AircraftPost, Buchanan, Ingersoll & Rooney, PC, GAMA, Lewis Brisbois Bisgaard & Smith LLP 

• Golf Sponsors: 1st Source Bank, AirFleet Capital, Inc., Cirrus, Dassault Falcon Jet, McAfee & Taft, Prism Bank, Salem Five Bank, Scope Aircraft Finance, and TVPX 

About NAFA:   
The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

FOR IMMEDIATE RELEASE 
April 7, 2025
 

CONTACT INFORMATION 

Tracey Cheek  
TLC@NAFA.aero  
405.285.7005 
 

Perry Bridges 
414.316.6000 
perry@cofinance.com 
 

NAFA Welcomes New Member: Co Finance Ventures, Inc. 

Edgewater, MD (April 7, 2025) – The National Aircraft Finance Association (“NAFA”) is excited to announce that Co Finance Ventures, Inc. (“Co Finance”) has joined its distinguished network of aviation professionals. 

NAFA’s network has grown consistently over the years—comprised of the finest aircraft lenders and product and service providers in the industry, allowing members to access and work with every aspect of the aircraft finance community. Collectively, NAFA’s members support the financing of general and business aviation worldwide.  

“NAFA members facilitate the financing of general and business aviation aircraft on a global scale,” said Ed Medici, NAFA President. “We welcome and support Co Finance’s services that play a role in advancing the interests of NAFA members within the aviation industry.”  

"Co Finance is a new entrant to the aviation finance space and unique at that,” comments Perry Bridges, Chief Operating Officer at Co Finance. “Co-ownership of aircraft has grown exponentially in the last several years. Our mission is to provide a finance solution for those co-owners who prefer to utilize their capital in other ways. While Co Finance is a new entity, I've financed airplanes for a good portion of my career. I have great respect for the NAFA membership group and hope to be able to continue great collaboration to grow our business in a segment—co-ownership aircraft finance—that is not well supported.” 
 

About Co Finance Ventures, Inc.: 
At Co Finance, our mission is to blaze a trail as the premier service provider of aviation financing for co-ownership transactions. We leverage relationships with industry contacts—from banks to lawyers, brokers, and more—to streamline the financing of your co-owned aircraft. The services we offer throughout this process are designed to make financing effortless. 

To learn more, contact Perry Bridges at perry@cofinance.com.  

About NAFA:  
The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

Contact Information: 
 

Tracey Cheek  
TLC@NAFA.aero  
405.285.7005 

Anthony Marchese 
anthony@marchesepropertyvaluations.com.au 
http://www.marchesepropertyvaluations.com.au/ 

NAFA Welcomes New Member: Marchese Property Valuations 

Edgewater, MD — April 7, 2025 - The National Aircraft Finance Association (NAFA) is excited to announce that Marchese Property Valuations has joined its distinguished network of aviation professionals. 

 “Marchese Property Valuations (Australia) joining NAFA is a step forward in advancing our mission to improve and facilitate the financing process to support aircraft buyers,” said Ed Medici, NAFA President. We welcome Marchese Property Valuations to our growing organization and enhancing opportunities for all our members.”  

As a specialist valuation and consultancy firm, Marchese Property Valuations (MPV) provides comprehensive property, business, and asset valuation services across Australia. Their expertise includes asset and vehicle valuations, estate administration, insurance matters, commercial and industrial property assessments, and market rent valuations. With a commitment to accuracy, transparency, and ethical service, MPV delivers reliable valuations that help clients optimize financial outcomes. Their international partnership with the VPC Group further enhances their ability to provide cross-border advisory services across the Asia-Pacific. NAFA is proud to welcome Marchese Property Valuations to our network.  

Anthony Marchese, CEO of Marchese Property Valuations, comments, “It is an honour to join the esteemed network of the National Aircraft Finance Association. This affiliation marks an important milestone in our continued commitment to providing high-quality, independent valuation services, and further strengthens our ability to support clients within the aviation finance sector both in Australia and internationally.” 
 

About Marchese Property Valuations: 
MPV combines decades of industry expertise with a commitment to professionalism, accuracy, and ethical standards. Our senior valuers – Anthony Marchese, Bonnie McIntosh, and Chris Mason – are all Certified Practicing Valuers, accredited by the Australian Valuers Institute (AVI). MPV also holds a strategic leadership position within AVI, with both Anthony and Bonnie serving as Board Directors. 

With a strong foundation in property, business, and asset valuation, our services span a wide range of needs. Our team’s diverse background enables us to deliver high-accuracy valuations with strategic insights that help clients optimize financial outcomes. MPV’s asset valuation capability is strengthened by Anthony Marchese’s engineering and asset expertise, developed through multi-million-dollar projects and international supply chain negotiations. 

MPV prides itself on client-focused, flexible service, expert witness support, and a high level of accuracy and professionalism in valuations. 

To learn more, visit http://www.marchesepropertyvaluations.com.au/. 
 

About NAFA: 
The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

On March 28, 2025, the Federal Aviation Administration (FAA) published a notice confirming it is implementing new privacy protections for aircraft owners. We summarized the notice in our article, FAA Implements New Privacy Protections for Aircraft Owners. On April 3, 2025, the FAA published in the Federal Register a Request for Comment To Withhold Certain Aircraft Registration Information From Public Dissemination (Request for Comment) confirming it is "seeking comment on the impacts of removing certain aircraft registration data from public display on the FAA website, including through current search functions and published reports." The deadline for responding to the Request for Comment is on or before May 5, 2025. The Request for Comment summarizes the data to be removed "from FAA Websites": (A) the mailing address or registration address of the registered owner(s); (B) an electronic address (including an email address) of a registered owner(s); (C) the telephone number of a registered owner(s); and (D) the name(s) of the aircraft owner(s).

Interestingly, the Request for Comment broadly indicates this information may be removed for any registered owner, but the specific language in 49 USC § 44114(b) seems to limit privacy concern to only "individuals." In addition, the Request for Comment confirms the FAA is specifically seeking the following input:

1. How often do people or organizations access or use registered owner information, and how is this information used?

2. What would be the impact on privacy, safety, commerce, and accessibility of information if the identified categories of registered owner information are removed from public availability?

3. How would the removal of such information affect the ability of stakeholders to perform necessary functions, such as maintenance, safety checks, and regulatory compliance?

4. How should FAA implement the removal of identified categories of registered owner information from public availability?

5. What would be the impact if the FAA removed such information for private aircraft owners categorically and permitted such owners to request copies of their information rather than removing such information only upon an individual request?

6. What additional aircraft registration data should be removed from FAA websites?

The Request for Comment is a positive development for the aircraft industry. The Request for Comment indicates the FAA recognizes aircraft privacy issues are complex and must be balanced with other reasons parties are required to submit documents to the FAA Aircraft Registry (Registry). In addition, the Request for Comment seems to indicate the information is to be removed from FAA websites, but not necessarily from public review at the FAA Public Documents Room. Lastly, it gives the industry an opportunity to provide comments, solutions or concerns.

Read full article here

This article was originally published by Scott McCreary, Vice President at McAfee & Taft on April 7, 2025.

Contact Information: 
 

Tracey Cheek  
TLC@NAFA.aero  
405.285.7005 
 

Victorine Fleishman 
marketing@avtaxadvisors.com 

Jeremiah T. Sailor 
Jeremiah@AvTaxAdvisors.com  
https://avtaxadvisors.com  
 

NAFA Welcomes New Member: AvTax Advisors, PLLC 

Edgewater, MD — March 31, 2025 - The National Aircraft Finance Association (NAFA) is excited to announce that AvTax Advisors, PLLC, has joined its distinguished network of aviation professionals. 

 “AvTax Advisors, PLLC, joining NAFA is a step forward in advancing our mission to improve and facilitate the financing process to support aircraft buyers,” said Ed Medici, NAFA President. We welcome AvTax Advisors, PLLC, to our growing organization and enhancing opportunities for all our members.”  

Based in Tampa, Florida, AvTax Advisors, PLLC is a leading aviation and tax law firm specializing in business aviation transactions and tax planning. With extensive experience structuring aircraft purchases, sales, and ownership models, they help clients navigate complex federal and state tax regulations while ensuring FAA compliance. Their services include tax exemption planning, entity formation, regulatory compliance, and audit representation. By providing tailored, strategic legal guidance, AvTax Advisors, PLLC helps aircraft owners and businesses minimize tax liability and optimize operational efficiency. NAFA is proud to welcome AvTax Advisors, PLLC to our network.  
 

About AvTax Advisors, PLLC: 
AvTax Advisors, PLLC  is an aviation and tax law firm in Tampa, Florida with a Clear, Accurate, and Vast Understanding of Business Aviation & Tax Law.  

Owning and operating a private aircraft offers unparalleled convenience and flexibility, but it also involves complex tax considerations. In planning and structuring thousands of aircraft transactions, AvTax Advisors, PLLC has marshaled extensive knowledge of federal aviation, tax and regulatory issues. We are acknowledged industry leaders with the ability to handle aviation matters from start to finish. Clients engage us at the beginning of their aircraft acquisition journey, and we work alongside brokers and technical experts to negotiate and structure deals with the clients' best interests in mind. Our exceptional aviation tax skills enable us to fill a dual role as we advise on aircraft ownership and operating structures that will minimize liability for state sales tax and property tax, and maximize income tax deductions while ensuring FAA compliance. 

At AvTax Advisors, we fly above tax and regulatory complexities to provide client-centered solutions. We offer flexible engagement terms to provide tailored, strategic legal guidance at an affordable cost. Whether you need tax planning, compliance support, or advice on transactions, you can depend on AvTax Advisors, PLLC—Your Trusted Co-Pilot in Aviation Tax Planning and Compliance.  

To learn more, visit http://www.avtaxadvisors.com.

About NAFA:  
The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for more than 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences and industry insights allow member companies to provide the highest quality services the industry has to offer. 

Dry lease of a business aircraft provides plenty of flexibility but needs to be properly thought through. Gerrard Cowan seeks industry insights into some of the often-overlooked challenges of the arrangement.

Dry leases are a popular choice for business aircraft operators, enabling access to all the benefits of an aircraft without having to acquire the platform. However, they come with unique demands, including a need to source the crew.

In a dry lease, the operator avoids having an aircraft on their balance sheet, along with the capital expenditure involved. However, they must source the crew, fuel, etc., themselves. In the US, dry leases are covered by Part 91 regulations, whereas a ‘wet’ lease arrangement, with the lessor also providing the crew etc., must be a charter arrangement operated under Part 135.

Typically, a dry lease is arranged between owners and their respective companies or close associates, explains Kevin McCutcheon, Founder, President & CEO of Flight Solutions.

“Furthermore, operational control considerations must be carefully reviewed to remain within the FAA and IRS regulations and to ensure proper insurance coverage is in place.”

Dry leasing an aircraft – especially a jet – can pose several unique challenges, according to McCutcheon. For example, securing a qualified flight crew is naturally a priority, and properly screening the right individuals can be challenging.

One option is to use the flight crew that currently flies the aircraft for the owner under a ‘side arrangement’. But this presents potential difficulties, setting the owner up for scrutiny from the authorities because “the lessee under a dry lease must have command and control over their own flights and specifically the flight crew,” McCutcheon notes.

Dry leases are usually low utilization arrangements, he adds, so it can be hard to justify a full-time flight crew. A dry lessee typically hires contractors at a daily rate to operate the aircraft.

“The arrangement must clearly show that the lessee and not the lessor is expressing operational control of its flights,” he adds. “The owner of the aircraft must remain removed from helping to schedule or provide flight crew.

This requires the lessee to have operational knowledge and understanding of the regulations to properly express their ‘operational control’ during dry lease flights.”

One area that is often overlooked is the need for dry lease operators to obtain approvals under ICAO and other licensing and navigation permits when flying internationally. Other areas include aircraft insurance requirements, including the need to ensure that underwriters are involved in all discussions.

“Dry lessees must understand that the operators are responsible, not the aircraft owner. This process can be time consuming and daunting for the uneducated,” says McCutcheon.

Aircraft Dry Lease: Liability Considerations

Dry leases can either cover exclusive use or be non- exclusive, says Keeley Burgess, an attorney at Aviation Legal Group. Each brings its own advantages and disadvantages depending on your position.

“From an owner’s perspective, multiple non-exclusive dry lease agreements can be advantageous because the leases will allow for multiple entities to enjoy operation of the aircraft,” she notes.

“From a lessee’s perspective, an exclusive use dry lease may be preferable because the lessee does not have to coordinate scheduling their use and maintenance of the aircraft with other parties.”

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This article was originally published by AvBuyer on March 20, 2025.

NAFA member, David G. Mayer, Partner with Shackelford, McKinley & Norton, discusses how the ever-shifting U.S. strategy adds complexity and costs to business aircraft transactions.

The new or threatened tariffs announced by the Trump Administration and other countries may cost more than you realize when buying and financing private aircraft. The on-again, off-again U.S. tariff activity has roiled the U.S. financial markets, triggered retaliatory tariffs, alarmed aircraft stakeholders, and created wide uncertainty in global trade.

The Trump Administration has imposed, modified, and/or delayed the imposition of tariffs on specific countries to achieve certain foreign policy and economic goals. To stop massive shipments of fentanyl into the U.S., the Administration has imposed tariffs on Mexico and Canada and a 20 percent tariff on Chinese-origin goods to make U.S.-origin products more price competitive with cheaper non-U.S. origin metal sellers. This tariff may affect the metals used by aircraft manufacturers (OEMs), repair facilities, and their suppliers.

Transacting Steps and Process

Purchasing an aircraft without addressing tariffs is not an option. It is imperative to rely on customs brokers, lawyers and other import/export experts in deal teams to conduct a real-time analysis of potential tariffs, including direct and retaliatory tariffs from the U.S., Canada, or Mexico.

Their objectives should include determining the application, percentage, and effective dates of the tariffs on the aircraft being purchased. Second, they should calculate the tariff based on the purchase price if tariffs apply. The analysis should consider such tariff-based factors as the country of origin or transformation of an aircraft or specific product codes under the U.S. Harmonized Tariff Schedule (HTSUS). HTSUS is the primary resource for identifying tariff rates on aircraft imported into the United States. Third, they should try to structure the importation timing and terms to minimize the tariff cost.

As a byproduct of tariffs, the parties should brace for higher transaction costs and processing delays from the pre-tariff duty-free norm. The deal team will also negotiate purchase or financing documentation and interact with U.S. Customs and Border Protection officials.

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This article was originally published by AIN on March 14, 2025.