SEPTEMBER 23, 2015, Oklahoma City, OK - AIC Title Service is proud to announce that it will offer, in conjunction with aviation title insurer, AvSure, Inc., a solution that will enable both commercial and business aviation industries, including, aircraft financiers, law firms, buyers and sellers to proceed with aircraft financing and sales in the event the FAA Civil Aircraft Registry in Oklahoma City is closed due to a government shutdown on September 30, 2015.
Clay Healey, President and CEO of AIC Title Service, states "It was business as usual for those who took advantage of special Aviation Title Insurance policy endorsements offered by AvSure during the 2013 shutdown, with AIC assisting in closing over $50 million dollars in aviation transactions during the last shutdown. Time kills deals and we are here to keep transactions moving any way that we can."
One of AvSure's key requirements is an acceptable title search conducted within a 30 day period preceding the shutdown. Anyone contemplating an aviation transaction in the near future or those concerned with the ramifications that an FAA shutdown might have on a transaction in process should immediately contact one of AIC's five (5) Oklahoma Insurance Commission licensed Aviation Title Insurance specialists at (405) 948-1811 for further details and program requirements.
About AIC Title Service
Based in Oklahoma City, OK, AIC is the industry leader in title search, escrow, FAA Aircraft Registry document submission, transaction management, aircraft appraisal services, lien clearance and International Registry services for fixed wing and rotary aircraft. A technological infrastructure capable of delivering superior reliability, efficiency, and performance combined with the industry's most experienced, dedicated, and customer service oriented staff has been the key to AIC's success. For more information, please visit www.aictitle.com or call us at (405) 948-1811.