Prince & Reny succeeded in selling 18 of the 30 aircrafts in last two days!

My observation from the sideline:

18 ASA Aircraft just changed hands in last two days.

A file photo of American School of Aviation in happier times
A file photo of American School of Aviation in happier times

FAA records indicate 13 ASA aircraft changed hands on August 04 2008 and 5 additional ASA aircraft changed hands on August 05, 2008.

While the students and other creditor’s lawyers are trying to secure the assets of ASA, Prince and Reny are moving fast and step ahead to evade from their reach. As shown in the following FAA records, the duo has succeeded in selling 18 of the 30 ASA aircraft thus far.

Considering the time required for the paper work process at the FAA office, all transactions were likely to be taken place and consummated at or around the end of June 2008. Based on this calculation, the transaction took place in the recent weeks won’t show up in the FAA record until sometime in September or October. It is quite possible that by now all the remaining aircraft changed hands as well.

Following 13 aircraft are now registered to:

Commercial Lending Resource, Inc.
2082 Michelson Dr., Suite 100
Irvine, CA 92612-1212

Cessna 152 N 25840
Cessna 152 N 4644Q
Cessna 152 N 48425
Cessna 172N N 1948F
Cessna 172N N 3318E
Cessna 172N N 4864D
Cessna 172N N 5488D
Cessna 172N N 6349D
Cessna 172N N 733AD
Cessna 172N N 733UG
Cessna 172N N 734MN
Cessna 172N N 734SV
Cessna 172N N 739BL

Following 5 aircraft are now registered to:

Spring Aviation
PO B ox 4120
Portland, OR 97208-4120

Cessna 152 N 4940
Cessna 152 N 68141
Cessna 152 N 757XY
Beech 76 N 111BV
Beech 76 N 6697L

12 remaining aircraft still registered to ASA

Cessna 152 N 48637
Cessna 152 N 94185
Cessna 152 N 64994
Cessna 172S N 1482M (A/C registration issued to Foreign Corporation)
Cessna 172N N 7352J
Diamond DA20C1 N 991CT
Diamond DA20C1 N 992CT
Piper PA28R200 N 15546
Piper PA28R180 N 7526J
Piper PA28140 N 15080
Piper PA28161 N 47389
Beech 76 N 7774T

I really hope the plaintiff’s lawyers all pull together to move the court for an issuance of immediate injunction against the debtor defendants from disposition of any business assets, and additionally seek a pre-judgement lien against all ASA aircraft and file the same with the FAA Aircraft Registry to prevent the debtor from selling the remaining airplanes.

Furthermore, move the court to nullify all the recent aircraft title transfers on the ground that such transfers were made with an actual intent to hinder, defraud, or delay creditors, and additionally on the ground of prior invalid registration.

Moreover, loge the criminal fraud charges against the owners of ASA with the Merced County Sheriff’s department immediately and move the Superior Court of California, County of Merced to issue an arrest warrant for the school owners to be taken into custody immediately.
Swift and aggressive actions are more than needed at this juncture.

Echo Yankee, over & out!

Advertisements

N1482M Cessna-172/A was flying this evening again.

My view from the sideline:

N1482M Cessna-172/A was flying this evening again. Is that you Prince? ……Didn’t think so.

(incidentally this is the only ASA aircraft that seems to be properly registered as Foreign Corporation on its registration certificate. For more details about the ASA aircraft registration, read my recent thread under the heading Splitting hairs on the ASA aircraft registration)

Dep. Hayward 18:26 PDT
ETA Lake Tahoe 18:51 PDT

http://flightaware.com/live/flight/N1482M

This is just the tip of the iceberg as the FlightAware can only track IFR traffic. All the rest of the ASA VFR flights are not shown up in the tracking system.

All indication points to a strong possibility that Prince and Reny and some of the ASA remnants are operating out of Hayward Airport and elsewhere other than Castle by themselves directly or leasing planes to other flight schools under the table to make few more quick dollars for themselves on their way out to disappearance.

I am sure some of the ASA students still remaining in the US are quite aware of those flight activities taking place at numerous GA airport locations but so far they all seem taciturn about this and heasitant to come forward to share the information for common good.
Am I the only one begins to wonder why? ……Humm.

Echo Yankee, over & out!

Splitting hairs on the ASA aircraft registration

My view from the sideline:

Synopsis:
American School of Aviation, Inc. is a California corporation with its president and other corporate officer(s) are not U.S. citizen.

Title 14 CFR Part 47 of the Federal Aviation Regulations (FAR) governs the requirement related to the civil aircraft registration in the US

Part 47.3 stipulates Registration required.
Part 47.5 defines Applicants.
Part 47.7 defines U.S. citizens and resident aliens with respect to civil aircraft registration.
Part 47.9 defines “Corporations not U.S. citizen”.
Part 47.9(f) stipulates thrice annual report requirement by the registrant to the FAA.

Analysis:
All ASA aircraft (30 in all) are currently registered under FAR Part 47.7 and issued aircraft registration certificate bearing “Corporation” instead of its true and factual status of its corporate entity as “Foreign Corporation”.
In the FAA AC Form 8050-1 Aircraft Registration Application, there is a specific box to be checked off for Non-citizen Corporation and provided along with “Certification” section for the applicant’s certification for a non-citizen corporation. If these sections were properly completed in the ASA aircraft registration application, all of its registration then should have been issued under Part 47.9 with the respective registration certificate bearing ”Foreign corporation”

Conclusion:
If ASA has made erroneous entry in its aircraft registration application and submitted to the FAA Aircraft Registry knowingly or not knowingly and obtained its registration certificates, then all of the ASA aircraft are not registered under Part 47.9 and not in compliance with Part 47.9(f) requirement. This ipso facto invalidates all of its registrations under FAR 47.41(a) (ii) and requires ASA to surrender all of its invalidated registration certificate in accordance with FAR 47.43 (b).

All ASA aircraft are to be grounded immediately if its current registration is found to be invalid on the foregoing premise stated. Aircraft operation without having required documents on board, aircraft registration certificate is one of among them is a Federal code violation subject to FAA enforcement action including an imposition of a civil penalty for each and every violations committed. If you fly twice with an invalid registration, that’s two counts of violation and the flight log and pilot’s logbook to show that for the record easily later on. If any of the ASA students are still flying the ASA airplane, you should think twice before stepping into the plane next time.

Well, it sure beats me why this fundamental infraction of the FAR evaded the FAA inspector’s repeated scrutiny for so long. I guess sometimes things can be seen better when you step back a little and observe them from distance. The old saying “. Don’t Miss the Forest for the Trees.” rings so true here.

I could see things pretty well from where I stand in the sideline.
Till next time,

Echo Yankee, over & out!

ASA Aircraft Movement Update

Does anyone recognize this airplane? Cessna 152/A N 757XY
It is registered to American School of Aviation.

Cessna 152
Cessna 152

Someone flew this plane from Modesto to Cloverdale yesterday, humm?
It took off Modesto at 11:09 AM and landed at Cloverdale (North of Santa Rosa) at 12:36 PM

http://flightaware.com/live/flight/N757XY

For obvious reasons, Prince is not keeping his planes at Castle (KMER). Most of them are scattered around at different locations in and possibly out of California.

Perhaps anyone who has any information about the ASA aircraft or sighting of the same may come forward to post it here so this site could be a one-stop clearing house for all the ASA airplane movement.

For those students who have legal representation (lawyer), you might ask your lawyer to file a pre-judgement lien through the court on all ASA aircraft immediately with the FAA if not done so already while the case is pending, and impound the aircraft ASAP to prevent Prince from selling them off in pieces. (Avionics, engines, propeller, interiors, wings, fuselage, empennage, etc.)

Echo Yankee, over & out!