The Private Jet Company (TPJC, Inc.) Closes Multiple Business Aircraft Transactions During the Government Shutdown Amid FAA Essential Services Only Staffing
Federal Government Partial Shutdown Passes 30-Day Milestone. FAA Continues to Operate US Aviation and National Airspace Systems Safely and Normally. Some FAA Services Affecting Business Aviation are Suspended or Delayed. The FAA Registry is Operating and Pre-Owned Aircraft Transactions are Being Completed.
PALM BEACH, Fla., Jan. 24, 2019 /PRNewswire-PRWeb/ -- The US Federal Government partial shutdown that began on December 21st has now passed the 30-day milestone.
The FAA has continued all essential services that ensure the US aviation and national airspace systems continue to operate safely and efficiently with normal oversight. The U.S. air traffic control system is fully operational.
However, during a government shutdown FAA funding is limited by Federal law and the FAA may only provide those services deemed "Essential".
With the 2018 passage of the FAA Reauthorization Act, the FAA Aircraft Registration Branch in Oklahoma City, the Registry, has been deemed an essential service and is operating during this shutdown. As an "essential" service, the FAA Registry will also operate during all future government shutdowns. The Registry is currently processing aircraft transaction registration documents and aircraft registration renewals received seven weeks ago, which is slightly behind the FAA's traditional 4-6 weeks period to issue registration documents. FAA Bills of Sale and FAA Registration Applications are being recorded during this shutdown period.
Much of the FAA's administrative functions however have been suspended.
Issuance of new Airman certificates and type ratings has been suspended. Owners of recently acquired aircraft may experience difficulty associated with initiating flight operations as aircrew ratings are not being issued or renewed and FAA medical certificate issuance has been suspended.
The Flight Standards District Offices (FSDOs) are closed. Part 135 charter operators cannot schedule the FSDO review of their aircraft conformity books nor the final inspection of aircraft to be added to their charter certificates.
Special Flight / Ferry Permits may not be issued.
First flight Lease notification is impaired.
The issuance of FAA Letters of Authorization, or changes to existing Letters of Authorization, have been suspended. This includes the initial authorization and renewal for Reduced Vertical Separation Minimum (RVSM) and Required Navigation Performance (RNP) operations.
FAA Aircraft Certification Offices remain closed disrupting the certification of all new delivery aircraft.
The importation of aircraft purchased outside the US may also be delayed.
Designated Airworthiness Representative (DAR) oversight has been largely limited to those actions FAA approved for DAR oversight prior to the shutdown.
The FAA Aeronautical Central Counsel Office is also not functioning during the shutdown. FAA legal opinions related to US registered aircraft owned in trust, especially non US citizen trusts, are not available. Non-routine aircraft registrations that require FAA counsel opinion are also not being processed.
The National Business Aviation Association (NBAA), a trade association that lobbies on behalf of the interests of private and corporate jet owners, has created a web page dedicated to cataloging the ongoing impact of the shutdown on business aviation.
https://nbaa.org/aircraft-operations/the-government-shutdown-and-business-aviation/
The Private Jet Company has closed a number of aircraft transactions for both buying and selling customers since the partial government shutdown began over a month ago.
The Private Jet Company hopes to see a resolution to the political issues that are the source of this partial government shutdown. The wide-ranging civil aviation industry, which includes business aviation, is believed to contribute approximately 7 percent of the U.S. economy with an annual economic impact of $1.5 trillion dollars and over 11 million jobs.
SOURCE The Private Jet Company
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