Common Contracts
1 similar Aircraft Lease Purchase Agreement contracts
Aircraft lease purchase agreement templateAircraft Lease Purchase Agreement • January 22nd, 2022
Traditional Ownership Structure Lease It’s uncommon for a bank or lender to be involved in a traditional leasing structure unless the situation were to call for both a traditional ownership lease and a financing lease. Some owners decide not to hire a management company and instead elect to hire their own pilots and maintenance personnel. Hernandez and Edward K. In any case, once the purchase is complete, the lessee accepts the aircraft under the lease for the negotiated rent, term and certain lease expiry options. From there, the lessor and lessee will create a term sheet, with the lessor covering financing terms, requirements of the lessor’s credit committee and so on. It’s important to note that lessors cannot provide the aircraft and a pilot in a traditional ownership structure lease because that is considered a “wet lease” and generally requires an FAA Air Carrier certificate. As far as general terms are concerned, any aircraft lease agreement for a traditional leasing structure s
