As an Escrow Agent, AIC Title Service acts as an independent third party to facilitate the closing of your aircraft transaction.

Typically, funds are wire transferred to our Escrow Account, which is established with BancFirst (see wiring instructions below). We hold the funds at the sole discretion of the remitter until such time as we receive written instructions, acceptable to us, to otherwise hold or disburse the funds.

During this time, your Escrow Agent receives, organizes and reviews the documents related to your transaction for compliance with FAA rules and regulations. Your Escrow Agent is the central contact person for all parties to a transaction, including buyers, sellers, lending institutions, brokers, attorneys, insurance agents, accountants and other professionals or representatives of the various parties.

On the day of closing, your Escrow Agent receives instructions from the parties as to the disposition of the funds and the documents. If everything is in order and the documents to be filed at the FAA are in proper form, we will wire the funds and file the documents at the FAA in accordance with the instructions.

AIC Title Service reserves the right to decline any escrow. Further, if a controversy arises, we will return all monies and documents to the remitters thereof, unless contrary to proper written instructions, or interplead the funds with the courts. Any legal fees, court costs, or related fees that are incurred in any of those instances will be paid, prior to remittance, out of the funds held in escrow.

With over 250 years of combined experience, our staff is are among the most professional and knowledgeable in handling both domestic and international transactions. For more information please feel free to call or email us. Our staff is available to assist you during our working hours from 8:00 a.m. to 5:00 p.m. CST.

Consultation is available at no charge so that you may call and inquire about the time and cost involved with your specific transaction. For more information please feel free to call or email us. Our staff is available to assist you during our working hours from 8:00 a.m. to 5:00 p.m. CST. Prices are subject to change and do not include various service fees that may be applicable with respect to any particular service.

For wiring funds information, please call our escrow department - 800.288.2519