Member Benefits

A 50% AOPA membership exclusive! AOPA members save $95 on Aero-Space Reports $190 aircraft title package that includes a title search, complete aircraft records and accident/incident report. We also offer a 10% discount on escrow services.

How Escrow Works

Aero-Space Reports, Inc. serves as a neutral, third-party escrow agent in aircraft transactions. Our role is to facilitate the transaction by acting as the neutral third party for all involved including buyers, sellers, lenders, lienholders, dealers, brokers, attorneys and representatives.

As the escrow agent, we operate based on written instructions provided and agreed upon by all parties to the transaction. To initiate escrow, a mutually agreed-upon set of written instructions such as an email from the parties or purchase agreement and a duly executed escrow terms and conditions—provided by Aero-Space Reports, Inc.—must be submitted. We require a purchase agreement when the transaction calls for a $10,000.00 deposit or greater. We have sample purchase agreements for parties to use upon request.

Funds are securely wire transferred to our escrow account, where they remain under the sole discretion of the remitter. The funds are only disbursed upon receipt of proper written instructions from the remitter. By default, all deposits are refundable to the remitter unless Aero-Space Reports, Inc., receives written instructions from both the buyer and seller indicating otherwise.

We manage all documents needed to clear the title, transfer the title, register the aircraft as well as record consensual liens. Our experienced escrow agents organize and review these documents to ensure compliance with Federal Aviation Administration (FAA) regulations and guidelines.

For closing, we request final authorizations from the relevant parties regarding the disposition of funds and documents. Once all requirements are met, and the documents for filing with the FAA are in proper form, AeroSpace Reports, Inc. will disburse proceeds per the seller and lienholder instructions and file the necessary documents with the FAA.

Aero-Space Reports, Inc. is a fully insured and bonded corporation specializing in aircraft title and escrow services. Certificates of our insurance coverage, bonding, or other official documents are available upon request.

Based in Oklahoma City, Oklahoma, Aero-Space Reports, Inc. has been serving the aviation community since 1969. Our experienced team facilitates over 3,500 escrow transactions annually and is adept at handling transactions of all sizes and types.

We are proud to have a Strategic Partnership with the Aircraft Owners and Pilots Association (AOPA), serving as their preferred aviation title and escrow company. Additionally, we are members of the National Business Aviation Association (NBAA), the International Aircraft Dealers Association (IADA), the National Aircraft Finance Association (NAFA) and the Global Licensed Aircraft Dealers Association (GLADA).

For any questions about the escrow process or our services, please do not hesitate to contact us. We are here to assist with your aviation transaction needs.

Key Advantages

BUYER

1. All documents and funds are released simultaneously which lessens the chances of the seller receiving funds and never filing the proper paperwork to transfer ownership with FAA.
2. Your funds are held in a secure escrow account which is insured for risk of loss and the seller has no authority to move money unless a dually executed Purchase Agreement states otherwise.
3. Aero-Space Reports is a neutral third party and has the best interests of all parties in mind while conducting the transaction.
4. If for some reason the registration documents received are not in good order, the escrow agent will do their best to ensure the appropriate corrections are made so the plane is registered in the buyer’s name with FAA the first time around.
5. The FAA title search without escrow costs $85.00, the regular filing service costs $100.00 + FAA fees, which makes the actual escrow fee much less than it appears if you take into consideration the other services included in escrow.
6. Buyer will receive a simple and professional closing statement after closing which outlines each deposit into escrow as well as the disbursement to the seller at closing. This makes showing what you paid for the aircraft to tax agencies much simpler.

SELLER

1. All funds are received by wire and are properly credited to the escrow account prior to closing. This provides you with good funds and you don’t have to wait for a check to clear to get paid for your aircraft.
2. The Bill of Sale and funds are released simultaneously through escrow. Once the funds leave our account, the ownership is officially transferred to the buyer with FAA.
3. Aero-Space Reports is a neutral third party and has the best interests of all parties in mind while conducting the transaction.
4. If there is a current open lien on the aircraft, we will make the requests for payoff instructions and the ink signed lien release with as little hassle to the seller as possible. We will take care of releasing the lien with FAA and provide confirmation of this filing to buyer and seller.
5. The FAA title search without escrow costs $85.00, the regular filing service costs $100.00 + FAA fees, which makes the actual escrow fee much less than it appears if you take into consideration the other services included in escrow.
6. If for some reason the registration documents received are not in good order, the escrow agent will do their best to ensure the appropriate corrections are made so the plane is registered in the buyer’s name with FAA the first time around.
7. Seller will receive a simple and professional closing statement after closing which outlines each deposit into escrow as well as the disbursement to the seller at closing.