Aircraft Dry Lease Agreement Pdf Form

Category:
State:
Multi-State
Control #:
US-02500BG
Format:
Word; 
PDF; 
Rich Text
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Description

Under the Federal Aviation Act of 1958, any conveyance that affects the title to, or any interest in, any civil aircraft of the United States must be acknowledged and recorded with the Administrator of the Federal Aviation Administration in the manner prescribed by statute. After such an instrument is recorded, it is valid as to all persons without recording and regardless of notice.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Aircraft Lease Agreement with Option to Renew
  • Preview Aircraft Lease Agreement with Option to Renew
  • Preview Aircraft Lease Agreement with Option to Renew
  • Preview Aircraft Lease Agreement with Option to Renew
  • Preview Aircraft Lease Agreement with Option to Renew
  • Preview Aircraft Lease Agreement with Option to Renew

How to fill out Aircraft Lease Agreement With Option To Renew?

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FAQ

The distinguishing factor between wet-lease and dry-lease aircraft is who has operational control. In a wet-lease situation, the lessor maintains operational control of all flights whilst providing aircraft and crew, whereas with dry-lease the lessee provides its own crew and exercises control.

A dry lease enables an aircraft owner to legally earn revenue by allowing an entity to use the aircraft through a contractual agreement. Typically, the aircraft can be leased hourly, monthly or annually. The reference to a dry lease means that the aircraft is being provided without fuel or flight crew.

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.

While truth-in-leasing requirements are required by regulation for aircraft weighing more than 12,500 pounds, the Federal Aviation Administration (FAA) prepared this AC to ensure any person who is seeking to lease an aircraft understands the meaning of operational control and does not enter into an agreement where

Under a sale-leaseback arrangement, the aircraft owner sells the aircraft to the lender or lessor who then immediately leases the aircraft back to the original owner. There will be no interruption or disruption of aircraft operations, but the transaction should give the company some extra cash.

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Aircraft Dry Lease Agreement Pdf Form