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of the State of ________________________ and having its principal office at________________________________________ represented by its _________________________ (Hereinafter referred to as the “Lessor”) which expression shall unless it be repugnant to the context or meaning thereof be deemed to mean and include all persons deriving title under the Lessor. TO AND IN FAVOR OF 2. ____________________________, a company incorporated under the laws of the State of ______________ and having its p.

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Business aviation lease agreement form Questions & Answers

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The types of lease depend on the requirements and various considerations of tax and revenue by the lessee (airlines company). Primarily, there are three types of leases for aircraft lease: (1) wet lease; (2) damp lease; and (3) dry lease.

An aircraft lease agreement is a contract between the aircraft owner and the lessee. The leasing company, typically airlines, provides payments for the use of airplanes.

There is generally two types of dry lease, an Operating Lease and a Finance Lease. Operating Lease: generally a lease term that is short compared to the economic life of the aircraft being leased. An operating lease is commonly used to acquire aircraft for a term of 2- 7 years.

Operating lease For new aircraft this term is often eight to 12 years for a narrowbody, and up to 12 years for a widebody. Subsequent lease terms often decrease in length as the aircraft ages. The operator is charged a monthly lease rental fee for the duration of the lease term.

Types of leases and their definitions Dry Lease Agreement - An agreement between undertakings pursuant to which the aircraft is operated under the AOC of the lessee. Wet Lease Agreement - An agreement between air carriers pursuant to which the aircraft is operated under the AOC of the lessor.

In a “wet” lease situation, because the lessor is providing both aircraft and crew, the lessor maintains operational control of all flights. In a “dry” lease situation, the lessee provides its own crew and the lessee exercises operational control of its flights.

An aircraft lease is a legal agreement between two parties, typically a lessor and lessee. The lessor agrees to provide the airplane to the lessee for a set period of time in exchange for regular payments called rentals or lease payments.

Operating lease For new aircraft this term is often eight to 12 years for a narrowbody, and up to 12 years for a widebody. Subsequent lease terms often decrease in length as the aircraft ages. The operator is charged a monthly lease rental fee for the duration of the lease term.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232