135 ops transfer of ownership

[saviboy]

Hi

my boss is looking to buy a 135 operations. He asked me to look up some info. about certificate transfer. Could anyone give me any leads?
thanks

 

[Rick1128]

Legally, you can not transfer the certificate. Your boss however can buy the company that holds the certificate. The FAA has major issues when this happens and the management is changed. Therefore he would need to keep the same required management personnel for some period of time, before making any changes. I would suggest that you check the FAA webside www.faa.gov and go to the site map. There find the web copy of Order 8400.10 which is the copy of the 'Air Carrier Inspectors Handbook'. That is the guidance that all air carrier inspectors are suppost to use.

 

[Hung Start]

Rick is dead on regarding this. The FAA "owns" the certificate. You need to sell the corporation (stock, or whatever), and then notify the Feds. I'm sure they are going to want to have somebody they have a relationship to stay on for a period of time. When I sold my multi-pilot/plane operation I needed to stay on as Chief Pilot/Check Airman for about a year. Then you transfer control with an Operational Change as per your manual. Not a big deal, but not as easy as writing a check.

If it is a very small operation, single pilot, single plane, just file for your own certificate. Will take about 3 months depending on how "busy" your local FSDO is.
No management required
Good luck

 

[Rick1128]

Rick is dead on regarding this. The FAA "owns" the certificate. You need to sell the corporation (stock, or whatever), and then notify the Feds. I'm sure they are going to want to have somebody they have a relationship to stay on for a period of time. When I sold my multi-pilot/plane operation I needed to stay on as Chief Pilot/Check Airman for about a year. Then you transfer control with an Operational Change as per your manual. Not a big deal, but not as easy as writing a check.

If it is a very small operation, single pilot, single plane, just file for your own certificate. Will take about 3 months depending on how "busy" your local FSDO is.
No management required
Good luck

The FAA is not accepting applications for any new certifices or major certificate changes this year. Due to workload.

You would have to keep the present requried management for a period of time. All the required management. Not a major big deal, but it will complicate the process somewhat. Also you will need the approval to move the certificate to a different FSDO.

 

[illeagle]

check out http://www.usac.com Part 135 Certificates made easy

 

[Hung Start]

Not to beat the point, Rick, but I don't see how the Feds could require you to keep "all" the management the same. Personnel changes happen all the time, can't see how they could prevent it. And, if I had a friend in Congress somewhere ( and we all do, don't we? ), I think it would be hard to justify the FAA being too busy to help some small start up.

But then again, I saw the light and sold out 2 years ago. Feet up, on the beach!

But I do miss some of the action, once in a while.

Regards

 

[Rick1128]

Not to beat the point, Rick, but I don't see how the Feds could require you to keep "all" the management the same. Personnel changes happen all the time, can't see how they could prevent it. And, if I had a friend in Congress somewhere ( and we all do, don't we? ), I think it would be hard to justify the FAA being too busy to help some small start up.

But then again, I saw the light and sold out 2 years ago. Feet up, on the beach!

But I do miss some of the action, once in a while.

Regards

What the FAA doesn't want to see is a wholesale change in management right after the ownership change. A big thing with the FAA is continuity of management. They can and will pull a certiiciate if they have issues with the management change.

As for not accepting any new certificate changes, that is what they have announced. If they hold to it or not remains to be seen.