Washington Aircraft Lease Agreement with Option to Purchase

Category:
State:
Multi-State
Control #:
US-02501BG
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 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

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

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FAQ

The key difference between a wet and dry lease lies in the services offered. A wet lease includes the aircraft, crew, maintenance, and insurance, while a dry lease delivers just the aircraft. When considering leasing options, it's crucial to evaluate your operational needs, as a wet lease can streamline your requirements, especially in peak seasons.

The term 'wet lease' comes from the provision of the aircraft along with the crew that operates it, meaning that all essential services are included. In contrast to a dry lease, which provides only the aircraft, a wet lease is 'wet' because the provider retains responsibility for operations. This option offers a comprehensive solution for airlines seeking temporary capacity without the commitment of outright ownership.

A wet lease occurs when one airline provides an aircraft, crew, maintenance, and insurance to another airline. For instance, if a smaller airline needs a larger aircraft for seasonal demand, it might enter into a wet lease agreement. This arrangement helps airlines manage operational challenges, especially in peak travel seasons, without the complexities of long-term fleet purchases.

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Washington Aircraft Lease Agreement with Option to Purchase