The US has a relatively weird structure where trusts are one of the best ways to meet the FAA's requirements for ownership while also hiding certain ownership d

The US has a relatively weird structure where trusts are one of the best ways to meet the FAA's requirements for ownership while also hiding certain ownership details: https://www.hef.ru.nl/~pfk/aircraftGalleries/organisation-AircraftTrusts.php https://www.hef.ru.nl/~pfk/aircraftGalleries/organisation-Ai... Most of the time you see it used is when a lessor has taken an aircraft back from an airline after the lease has ended for some reason, and it becomes a holding structure until the aircraft is leased again to another operator. The financials of airliner operation make it feasible for most airlines to have a mixed fleet of owned and leased aircraft. But in this case Wilmington Trust is a fairly large aircraft lessor in its own right: https://library.wilmingtontrust.com/corporate-institutional/customize-your-aircraft-lease https://library.wilmingtontrust.com/corporate-institutional/... and https://centreforaviation.com/data/profiles/lessors/wilmington-trust-company https://centreforaviation.com/data/profiles/lessors/wilmingt... For instance here's an Airbus A350 that was used by LATAM, then returned to Wilmington during the COVID-19 drawdown of flying, and is being taken into service by Delta: https://www.planespotters.net/airframe/airbus-a350-900-n982dj-wtc-wilmington-trust-company/ropmy0 https://www.planespotters.net/airframe/airbus-a350-900-n982d... This is actually a flaw in the tracker's logic though, in that it's probably using an outdated data source that's still showing that intermediary registration holder rather than the current operator.