AIC Title Service

AIC Title Service is an aircraft title and escrow company in Oklahoma City, Oklahoma. It says it started in August 1989 and handles domestic and international aircraft transactions for owners, buyers, sellers, lenders, insurers and airmen. The company has its own software for tracking documents and escrow progress.

Services

• Title searches and reports covering ownership, lien status and major alterations and repairs (337 forms), including online ordering
• Title insurance for US and FAA registered aircraft, for owners and lenders
• Document filing with the FAA on the customer's behalf
• Lien clearance: contacting parties to obtain corrective documents so a title is clear to close
• International Registry work under the Cape Town Convention, including engine ownership, leasing and financing, and aircraft import and export
• FAA registration and re-registration, with monitoring of registration status
• Escrow, with an escrow agent acting as the central contact for buyers, sellers, lenders, brokers and attorneys

Aircraft Closing Room

AIC runs an online closing platform called the Aircraft Closing Room, which it describes as a virtual aircraft closing platform for completing escrow transactions electronically. It also says it protects transaction data with blockchain.

Company facts

• Started in August 1989
• The company says it has done more than 125,000 title searches
• The company says it has more than 40 employees and works with clients in more than 150 countries
• Office hours: Monday to Friday, 8:00 to 17:30