1. Sure Bank of Utah would not have financed if they were aware that the machine was going to be operated outside manufacturers and international aviation laws and requirements. Improbable that the specific bank would have financed an aircraft if it is not going to be operated on the N register in compliance FAA requirements, let alone some dodgy registry of convenience.
Ah, sorry, AAL, you are misinformed.
The Utah bank concerned did not finance the airplane.
It was purchased with cash.
What they provided is an Equipment Trust.
With this arrangement, a foreign national (IE: not a US citizen) can own a US registered civil aircraft, which would otherwise not be possible.