New York Aircraft Lease Agreement with Option to Purchase

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US-02501BG
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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 Purchase
  • Preview Aircraft Lease Agreement with Option to Purchase
  • Preview Aircraft Lease Agreement with Option to Purchase
  • Preview Aircraft Lease Agreement with Option to Purchase
  • Preview Aircraft Lease Agreement with Option to Purchase
  • Preview Aircraft Lease Agreement with Option to Purchase

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FAQ

What Is An Option To Purchase? An option to purchase agreement gives a home buyer the exclusive right to purchase a property within a specified time period and for a fixed or sometimes variable price. This, in turn, prevents sellers from providing other parties with offers or selling to them within this time period.

In this agreement, a seller offers an option to the buyer to purchase property at a fixed price within a limited time frame. In other words, this option is a specific contract on a distinct piece of real estate that gives a buyer the exclusive right to purchase that specific property.

What is an "option to purchase" agreement? An option to purchase is an agreement that gives a potential buyer (optionee) the right, but not the obligation, to buy property in the future. The optionee must decide by a certain time whether to exercise the option and thereafter by bound under the contract to purchase.

Leasing companies In short, yes, they are profitable. With aviation booming as it is and passenger numbers rising yearly, airlines do lease more and more aircraft. According to a KPMG report about the aviation industry leaders, around 15% of the global aviation fleet was leased by airlines in 1999.

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 an "option to purchase" agreement? An option to purchase is an agreement that gives a potential buyer (optionee) the right, but not the obligation, to buy property in the future. The optionee must decide by a certain time whether to exercise the option and thereafter by bound under the contract to purchase.

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.

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 standard range by which most sellers follow is between one and five years. Buyers have the opportunity to purchase the real estate asset at any point during the option period. However, if the period expires, the agreement terminates, and the buyer loses option fees paid to the seller.

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New York Aircraft Lease Agreement with Option to Purchase