No prudent lawyer or businessperson would consider closing a real estate transaction without having adequate title insurance. And yet even though aircraft are highly mobile, and corporate aircraft transactions tend to be closed on a somewhat hectic schedule, people often close aircraft transactions without thinking about title insurance.

And that can be a million dollar mistake.

Oklahoma City-based Global Aviation Title Insurance Agency specializes in providing advanced protection for aircraft owners and lenders alike. In addition to offering leading-edge insurance polices that include Cape Town coverage, our professional staff is uniquely qualified and experienced in helping facilitate even the most complex aircraft transactions and developing innovative solutions for handling the unique risks associated with owning and financing aircraft.

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What the "Cape Town Convention" means to you
The Cape Town Convention became effective in the United States on March 1, 2006, and has a significant impact on how people close aircraft transactions. The Convention creates (i) new substantive and procedural laws in the United States regarding buying, selling and financing an aircraft, and (ii) changes how and where one perfects an ownership, leasehold or security interest in aircraft and engines. Because this law is new, untested and subject to a variety of interpretations, many prudent buyers and lenders of aircraft are making title insurance part of their closing requirements.

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