No, ultra rich people hide their identities through a corporation, not a trust. When you purchase large capital items with a bank’s help, the ownership usually looks like that. If you finance the aircraft as an ultra rich person, the ownership will probably also look like that. It’s completely normal and is a large proportion of aircraft ownership structures. A double-digit percentage of pretty much all major carriers’ fleets are titled in this way. Just like your payoff quote with your bank, when an airline finishes paying, the title is transferred. This arrangement will explain all but one or two of the trustees that will appear on this camera for the entire time it exists.
So if your car is titled to a bank because you have a loan on it, would you say you’re ultra rich and hiding your identity? I’m with you on the rah-rah eat the rich vibe but at least make sure you’re shooting downrange.
So if your car is titled to a bank because you have a loan on it, would you say you’re ultra rich and hiding your identity? I’m with you on the rah-rah eat the rich vibe but at least make sure you’re shooting downrange.