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Maine
Aircraft Lease Agreement with Option to Purchase

Maine Aircraft Lease Agreement with Option to Purchase

Category:

Leases - Aircrafts

State:

Multi-State

Control #:

US-02501BG

Format:

Instant download

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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FAQ

The Bottom Line Plane owners can save some money by doing the maintenance themselves, hunting for the best insurance quote, and storing their plane at the cheapest airport. But there's no denying it: owning your own plane will cost you more money than renting.

If we imagine that the leasing contract will last for around 20 years, its total value would be around $2.34bn. In that way, GECAS can make a profit by leasing their airplanes, while Qatar Airways manages to reduce its cash expenditures and retain liquidity in its business.

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.

Leasing an aircraft has several clear benefits, chief among them affordability. Not only do you forgo the upfront cost of purchasing a jet outright, but the cost of ongoing ownership is also much lower. This means more cash on hand in the immediate, as well as over the long-term.

What is a lease-option-to-buy? A lease-option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property. The tenant pays an up-front option fee and an additional amount each month that goes toward the eventual down payment.

leaseback gives you greater flexibility to control the tax consequences of your aircraft operations. It can also provide a method of financing, free up the equity tied up in the aircraft, and improve your balance sheet.

An Atlas Air ACMI (Aircraft, Crew, Maintenance and Insurance), or wet lease contract puts at your disposal not only a fully dedicated aircraft that is crewed, maintained, and insured, but also the global systems, scale, and efficiencies needed to meet your cargo needson your schedule, to your destinations, on time.

Financial flexibility. Under normal circumstances, leasing allows airlines to reduce their indebtedness. This allows for better cash retention and greater financial agility. Paying a small fraction of the aircraft's value each month is a vital part of many airline strategies.

Also known as wet or damp leasing, ACMI leasing is an agreement between two airlines, where the lessor agrees to provide an aircraft, crew, maintenance and insurance (ACMI) to the lessee in return for payment on the number of block hours operated.

An aircraft leasing arrangement exclusively used between two airlines whereby one airline (the lessor) provides an aircraft, crew, maintenance, and insurance (ACMI) to another airline (the lessee), which then pays for the hours operated.

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