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.
Documents relating to interests in aircraft are filed with the FAA Registry in Oklahoma City, Oklahoma. Documents must be signed in ink by the appropriate party (e.g. seller, grantor, lien claimant, etc.) or by someone on behalf of the appropriate party with a title acceptable to the FAA (President, Chief Manager etc.). The FAA Registry Examination Guidelines contain a list of titles that are acceptable to the FAA.
To be eligible for recording, an instrument granting a security interest in an aircraft must be signed in ink and describe the aircraft by manufacturer, model, serial number, and registration number. The debtor must be the registered owner of the aircraft; be the owner of record on the date the instrument is executed, as evidenced by documents on file with the FAA Aircraft Registry; or the lien document be accompanied by the debtors evidence of ownership/, application.
A Tarrant Texas Aircraft Lease Agreement with Lessee to Supply New Engine in Exchange for Flight Hours and take a Security Interest in Engine is a contractual agreement between an aircraft owner (Lessor) and a lessee (Renter) located in Tarrant, Texas. This agreement outlines the terms and conditions under which the aircraft owner leases the aircraft to the lessee, with the unique proposition of supplying a new engine in exchange for a specified number of flight hours. Additionally, the lessor holds a security interest in the engine, ensuring the lessee's compliance with the agreement. Keywords: Tarrant Texas, Aircraft Lease Agreement, Lessee, Supply New Engine, Flight Hours, Security Interest Engine. Different types of Tarrant Texas Aircraft Lease Agreements with Lessee to Supply New Engine in Exchange for Flight Hours and take a Security Interest in Engine may include: 1. Fixed-term Lease Agreement: This type of agreement defines a specific duration for the lease, typically ranging from a few months to multiple years. The lessee is given the aircraft and new engine for the agreed-upon time frame in exchange for fulfilling the flight hour requirement. 2. Open-ended Lease Agreement: In this type of agreement, there is no fixed term. The lessee is provided with the aircraft and the new engine until either party decides to terminate the lease. Flight hours are accumulated until such termination occurs or until a specific flight hour limit is reached. 3. Commercial Lease Agreement: This agreement is specifically tailored for lessees operating the aircraft for commercial purposes, such as airlines or cargo companies. It outlines additional conditions and obligations related to the lessee's commercial operations, ensuring compliance with industry regulations and standards. 4. Fractional Aircraft Lease Agreement: This type of agreement allows multiple lessees to share the same aircraft. Each lessee receives a portion of flight hours based on their investment or ownership percentage. The lessee who supplies the new engine may have priority access to the aircraft for a certain period. 5. Wet Lease Agreement: This agreement involves the lessor providing not only the aircraft and new engine but also a full crew, maintenance, and insurance services. The lessee covers the operational costs, including fuel expenses, while utilizing the aircraft for the agreed flight hours. 6. Dry Lease Agreement: This type of lease only provides the aircraft and new engine without any additional services. The lessee takes care of crew, insurance, and maintenance. The lessor retains a security interest in the engine to ensure compliance and secure their rights. These different variations of Tarrant Texas Aircraft Lease Agreements cater to varying requirements and preferences of lessees, offering flexibility and specific terms that suit their needs while ensuring the security interest of the lessor in the engine.A Tarrant Texas Aircraft Lease Agreement with Lessee to Supply New Engine in Exchange for Flight Hours and take a Security Interest in Engine is a contractual agreement between an aircraft owner (Lessor) and a lessee (Renter) located in Tarrant, Texas. This agreement outlines the terms and conditions under which the aircraft owner leases the aircraft to the lessee, with the unique proposition of supplying a new engine in exchange for a specified number of flight hours. Additionally, the lessor holds a security interest in the engine, ensuring the lessee's compliance with the agreement. Keywords: Tarrant Texas, Aircraft Lease Agreement, Lessee, Supply New Engine, Flight Hours, Security Interest Engine. Different types of Tarrant Texas Aircraft Lease Agreements with Lessee to Supply New Engine in Exchange for Flight Hours and take a Security Interest in Engine may include: 1. Fixed-term Lease Agreement: This type of agreement defines a specific duration for the lease, typically ranging from a few months to multiple years. The lessee is given the aircraft and new engine for the agreed-upon time frame in exchange for fulfilling the flight hour requirement. 2. Open-ended Lease Agreement: In this type of agreement, there is no fixed term. The lessee is provided with the aircraft and the new engine until either party decides to terminate the lease. Flight hours are accumulated until such termination occurs or until a specific flight hour limit is reached. 3. Commercial Lease Agreement: This agreement is specifically tailored for lessees operating the aircraft for commercial purposes, such as airlines or cargo companies. It outlines additional conditions and obligations related to the lessee's commercial operations, ensuring compliance with industry regulations and standards. 4. Fractional Aircraft Lease Agreement: This type of agreement allows multiple lessees to share the same aircraft. Each lessee receives a portion of flight hours based on their investment or ownership percentage. The lessee who supplies the new engine may have priority access to the aircraft for a certain period. 5. Wet Lease Agreement: This agreement involves the lessor providing not only the aircraft and new engine but also a full crew, maintenance, and insurance services. The lessee covers the operational costs, including fuel expenses, while utilizing the aircraft for the agreed flight hours. 6. Dry Lease Agreement: This type of lease only provides the aircraft and new engine without any additional services. The lessee takes care of crew, insurance, and maintenance. The lessor retains a security interest in the engine to ensure compliance and secure their rights. These different variations of Tarrant Texas Aircraft Lease Agreements cater to varying requirements and preferences of lessees, offering flexibility and specific terms that suit their needs while ensuring the security interest of the lessor in the engine.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
