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Guidance Material and Best Practices for Aircraft Leases Effective February 2016 3rd Edition NOTICE DISCLAIMER. The information contained in this publication is subject to constant review in the light.

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Aircraft leases are leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons: to operate aircraft without the financial burden of buying them, and to provide temporary increase in capacity.

#1: AerCap Holdings N.V. – 1,800+ Aircraft Based in Dublin, Ireland, AerCap is the largest aircraft leasing company in the world today. In fact, it ranks number one in terms of its fleet size. Its assets include wide-body planes, regional jets, freight planes, plane engines, and helicopters.

The types of lease depend on the requirements and various considerations of tax and revenue by the lessee (airlines company). Primarily, there are three types of leases for aircraft lease: (1) wet lease; (2) damp lease; and (3) dry lease.

Common Sections in Aircraft Lease Agreements TERM OF LEASE. NATURE OF LEASE. LESSOR'S WARRANTIES. LEASE PAYMENTS. RETURN OF AIRCRAFT. LESSEE'S COVENANTS. ROUTINE MAINTENANCE. INSURANCE.

“Best practice is to supply the records at year's end for each aircraft they are leasing to the lessor for review, so that at the time of redelivery the only records outstanding would be for the preceding year.”

What is a Best Practice? "Best Practices" are documents that are developed to provide timely information related to good operating practices identified within the aerospace community. The practices outlined in these documents are designed for voluntary use by anyone in the aviation community.

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.

Types of Lease Primarily, there are three types of leases for aircraft lease: (1) wet lease; (2) damp lease; and (3) dry lease.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232