Travel Express Aviation Maintenance v. Bridgeview Bank Group 

Court properly dismissed Plaintiff aviation companies' claims against Defendant Bank in determining that Defendant, whose claim against an aircraft predated Plantiffs' claims by several years, was not required to file a continuation statement with the FAA to maintain the perfection of its claim, and Defendant's claim thus retained its priority. The necessity of a continuation statement is a question not of priority but of maintaining the perfection of a recorded security interest. Illinois' UCC defers to federal law on duration and renewal of perfection of a security interest in an aircraft, and federal law provides that an instrument is valid from the date of filing against all persons, without any exceptions. Once Defendant filed its security interest with the FAA, the interest was perfected without the need to renew or extend its duration. (HUDSON and BIRKETT, concurring.)