Selling Your Gulfstream to Congolese Warlords? Here’s How.

Rejoice, ye brokers and sellers of airplanes vexed by the intricacies of exporting aircraft and the requirements for making the necessary Electronic Export Information (EEI) filings! The National Business Aviation Association (NBAA) has created a new, members-only resource cleverly dubbed, Guide on Exporting Aircraft from the United States.

The guidance comprises detailed scenarios which accurately reflect the manner in which business aircraft transactions occur, thereby providing clear direction to parties engaged in the business of exporting aircraft from the United States.

There are two aircraft export categories—permanent and temporary. The guide focuses on the former, which are defined as aircraft physically exported, usually under their own power, as part of a sale, lease or transfer of possession to a foreign person, or otherwise based outside of the United States for one year or more.

Temporary exports make brief sojourns and return to the U.S. within one year. Such endeavors require no transfer of possession.

For purpose of clarifying which party is responsible for filing an EEI, NBAA personnel had numerous conversations with the Census Bureau and Bureau of Industry and Security to review specific business aircraft scenarios. The interactions gave rise to improved guidance pertaining to the proper processing and chain of custody for EEI filings.

NBAA senior director of public policy and advocacy Scott O’Brien stated: “The engagement of regulators at the Department of Commerce and U.S. Census Bureau, with NBAA and industry partners, is an instance of business aviation coming together to positively resolve a challenging regulatory issue. It’s another example of NBAA’s proactive efforts to provide a clear path to compliance through guidance resulting from productive dialogues on regulatory challenges.”

Founded in 1947, the National Business Aviation Association (NBAA) is a non-profit organization based in Washington, DC. The organization’s stated mission is: to foster an environment that allows business aviation to thrive in the United States and around the world.

By interpreting and disseminating operational and managerial data related to the safe, efficient, and cost-effective use of business aircraft, the association serves as a focal point for identifying and understanding advances in technology and procedures important to the survival and success of the business aviation community.

FMI: www.nbaa.org