Aircraft Dry Lease Agreement Template With Faa
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FAQ
With a dry lease, an aircraft owner/lessor leases an aircraft to a lessee/operator without a crew. Neither the lessor nor the lessee is required to hold a charter certificate. In a dry lease situation, the lessee provides its own crew and exercises operational control of its flights.
Pilots flying an ?interchange? or ?leased? aircraft not bearing the colors/markings of the company operating the aircraft should inform the terminal ATC facility on first contact the name of the operating company and trip number, followed by the company name as displayed on the aircraft, and aircraft type.
In a ?dry? lease situation, the lessee provides its own crew and the lessee exercises operational control of its flights. A lessee under a dry lease is permitted to operate under 14 CFR Part 91 and is not required to comply with many of the more restrictive and costly requirements of Parts 121 or 135.
The FAA permits Part 91 Dry Lease operations, but will look very closely at any arrangement considered to be a disguised form of charter, sometimes characterized as ?single source charter flights.?
Conversely, a ?dry lease? is therefore the lease of an aircraft without any crewmembers. Types of dry leases include rental agreements and, in aircraft trust arrangements, operating agreements.