Powell Aircraft Title Service

Powell Aircraft Title Service is an aircraft escrow and title company in Oklahoma City, Oklahoma. The company says it has provided professional services to the aviation community for more than half a century. Its work covers many parts of aircraft sales, acquisition and ownership. It is a member of NBAA and NAFA.

In an aircraft escrow, a neutral party holds the funds and documents for the closing. The company works with buyers, sellers and lenders. For buyers, it says the escrow means clear title and a correct record at the FAA. For sellers, it holds the lien release until closing and calculates the payoff with the lender. For lenders, it says the transaction closes with all payoffs and transfers handled at the same time.

An aircraft does not have a physical title. The title is a digital record in the FAA Aircraft Registry in Oklahoma City. Powell has a desk at the FAA and is linked to the FAA system. It uses that link to view records and file documents for escrow customers.

A title search starts with the first document ever filed for the aircraft and works forward. The examiner compares ownership records, tracks every lien and its release, and notes any issues. The result is a title report that lists the final owner and any outstanding liens. The company says a search typically takes around one day.

The International Registry applies to U.S. registered aircraft with eight or more persons and crew, helicopters with five or more, and some engines. Engines that can produce 550 horsepower or equivalent thrust, and propellers that can absorb 750 takeoff horsepower, are eligible for recording at the FAA. The company offers help with International Registry closings and says engine and propeller searches should be done too.

Powell also offers aircraft re-registration and unmanned aircraft registration information. Buyers can have documents hand delivered to its FAA desk, and the company can expedite a hard copy certificate. The company says its documents pass FAA review on the first try. A fees and service list is published on the website.

Services

• Aircraft escrow
• Aircraft title search and report
• International Registry closings
• Engine and propeller searches
• Aircraft re-registration
• Unmanned aircraft registration information
• Lien payoff and release handling
• FAA desk filings
• Expedited certificate delivery
• Fees and service list