As an Escrow Agent, AIC Title Service acts as an independent third party to facilitate the closing of your aircraft transaction. Your Escrow Agent is the central contact person for all parties to a transaction, including buyers, sellers, lending institutions, brokers, attorneys, insurance agents, accountants and other professionals or representatives of the various parties.
Typically, funds of a transaction are wire transferred to our Escrow Bank Account. We hold the funds at the sole discretion of the remitter until such time as we receive written instructions, acceptable to us, to otherwise hold or disburse the funds. During this time, your Escrow Agent receives, organizes and reviews the documents related to your transaction for compliance with FAA rules and regulations.
On the day of closing, your Escrow Agent receives instructions from the parties as to the disposition of the funds and the documents. If everything is in order and the documents to be filed at the FAA are in proper form, we will wire the funds and file the documents at the FAA in accordance with the instructions.
AIC Title Service reserves the right to decline any escrow. Further, if a controversy arises, we will return all monies and documents to the remitters thereof, unless contrary to proper written instructions, or inter-plead the funds with the courts. Any legal fees, court costs, or related fees that are incurred in any of those instances will be paid, prior to remittance, out of the funds held in escrow.
With over 250 years of combined experience, our staff is among the most professional and knowledgeable in handling both domestic and international transactions. For more information please feel free to call or email us. Our staff is available to assist you during our working hours from 8:00 a.m. to 5:00 p.m. CST. Consultation is available at no charge so that you may call and inquire about the time and cost involved with your specific transaction. For more information please feel free to call or email us.
Prices are subject to change and do not include various service fees that may be applicable with respect to any particular service.
Please contact your Escrow Agent for wiring details.
"My favorite part of my job and of AIC as a company is the people I work with and the people I meet. AIC is the best in the industry because of our commitment to client satisfaction."
"As an Escrow Agent, I facilitate the monetary aircraft escrow transactions and closings. My favorite part of my job is providing clients with the knowledge and tools to have a smooth and successful transaction. What makes AIC the best in the aviation industry is our overall knowledge, our personalized software system, our services, and our $40M bond for our clients’ protection."
"My responsibilities include handling the company’s operations in regard to FAA and International Registry issues. I also act as an Escrow Agent for closings. My favorite part of my job is talking to clients from all over the world."
"As an Escrow Agent, I assist in opening and closing escrow transactions. I work on all sides of the transaction to ensure that our clients’ escrows are completed as promptly and efficiently as possible."
"As an Escrow Agent, my favorite part of my job is assisting our clients throughout the transaction and making sure the process is efficient and successful. What makes AIC the best in the industry is the commitment to the advancement of technology, and our incredibly knowledgeable staff."
"My favorite part of my job is communicating with people from all over the world. AIC is the best in the industry because of our state-of-the-art technology and our commitment to client satisfaction."
"As an Escrow Agent, my favorite part of my job is working with our clients. Our incredible staff and state-of-the-art technology make AIC the best in the industry."
"My favorite part of my job is working with our clients, and my favorite part of AIC is our leadership and advancement in industry technology."
"My favorite part of my job is talking with clients and helping them through the process, especially ones that have encountered trouble along the way. It’s a great feeling when we can take the stress off the client and give them a sense of relief. We have several long-time clients and we are able to build relationships with them. They feel like a part of the family."
"My favorite part of my job and of AIC as a company is the people I work with. AIC is the best in the industry because of our focus on client satisfaction."