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New Mexico
Aircraft Lease Agreement with Option to Purchase

New Mexico 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

Wet leases and ACMI (Aircraft, Crew, Maintenance, and Insurance) agreements both provide aircraft with varying levels of support. A wet lease includes the aircraft along with the crew and operational services provided by the lessor, typically for short-term needs. In contrast, an ACMI lease focuses on providing the aircraft, crew, and maintenance, leaving insurance responsibilities to the lessee. Understanding these distinctions can guide you in making informed lease decisions.

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.

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.

In a sale and leaseback model (SLB), an airline acquires the aircraft at an attractive price and sells the aircraft to a lessor ideally at a profit and leases it back for its own use. The SLBs are important as they are cash generative and also help the airline with fleet flexibility.

The differences between wet-lease and dry-lease aircraftsIn 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.

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.

The industry has two main leasing types: wet-leasing, which is normally used for short-term leasing, and dry-leasing which is more normal for longer-term leases.

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.

In a sale-leaseback transaction, the seller of the asset becomes the lessee and the purchaser becomes the lessor. A sale-leaseback enables a company to sell an asset to raise capital, then lets the company lease that asset back from the purchaser.

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.

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