3 ms·
Anyone know what these bank trustee planes are all about?
by cmurf 5y ago
Anyone know what these bank trustee planes are all about?
- dismalpedigree 5y agoI was wondering the same thing
- knowaveragejoe 5y ago
- ct0 5y agohttps://www.bankofutah.com/corporate-trust/trust/aircraft-owner-trusts https://www.bankofutah.com/corporate-trust/trust/aircraft-ow...
- 8bitben 5y agoMany airlines have arrangements where banks purchase the planes outright then lease them back in a long-term deal. Helps with airlines finances.
- alkonaut 5y agoIsn’t the operator of a flight what shows up in e.g. Flightradar and also what you’d typically be most interested in, rather than the owner of the aircraft?
- hoppyhoppy2 5y agohttps://news.ycombinator.com/item?id=30041431 https://news.ycombinator.com/item?id=30041431
- citizenpaul 5y agoIt's to hide the owners identity. I don't know why people are arguing with me about this. Trust's are a wealth management tool that provide a number of services including hiding a persons identity. Look at a normal vehicle title it will say {Bank} financing division. NEVER "trust"