Originally Posted by
ericferret
Cancelling the registration probably affects the ability to get an export C of A issued. This needs handling with care as making the situation worse is a possibilty.
As mentioned not really. The airworthiness side is the easiest to deal with. But it definitly requires a clear mind when attempting any solution.
The main issue is in the eyes of the FAA, Southern is the owner of record. This was re-established with a policy clarification by the FAA in 2013 or so. So any corrective actions to this must be initiated by Southern at this point. But one thing I do know is the EASA and about every other NAA out there would love to see this FAA non-citizen trust registration option go away tomorrow.