Owner and operator registration Sample Clauses

Owner and operator registration. Under Japanese law, even if the operator of the aircraft is a Japanese airline, the aircraft may not be registered in Japan unless it is also owned by a Japanese citizen.398 In principle, for a foreign lessor, this poses a problem, but there are ways of dealing with it. One typical structure is as follows. A non-Japanese leasing company (“Servicer”) has a purchase agreement with the aircraft manufacturer. Under it, the Servicer can nominate affiliates or subsidiaries to acquire title to the aircraft. The Servicer may wish to use a subsidiary entity (“Beneficiary”) to acquire title. This Beneficiary will be consolidated in the Servicer’s accounts.
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Related to Owner and operator registration

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