Arkansas Aircraft Lease Agreement with Option to Purchase

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State:
Multi-State
Control #:
US-02501BG
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Word; 
PDF; 
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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
  • Preview Aircraft Lease Agreement with Option to Purchase

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FAQ

The three types of aircraft are fixed-wing airplanes, rotary-wing aircraft, and gliders. Fixed-wing airplanes are the most common and include single-engine and multi-engine planes. Rotary-wing aircraft, such as helicopters, have blades that allow for vertical takeoff and landing. Gliders, on the other hand, rely on thermals and air currents for flight, making them unique among the three types.

Compared to Regular or Full Charter service providers, ACMI business has fewer risks due to the fact that lessee is fully responsible for the commercial side of the operation. ACMI provider is offering aircraft, crew, maintenance, and insurance without any other or very limited liabilities.

A lease purchase agreement in real estate is a rent-to-own contract between a tenant and a landlord for the former to purchase the property at a later point in time. The renter pays the seller an option fee at an agreed-upon purchase price, giving them exclusive rights to buy the property.

An Atlas Air ACMI (Aircraft, Crew, Maintenance and Insurance), or wet lease contract puts at your disposal not only a fully dedicated aircraft that is crewed, maintained, and insured, but also the global systems, scale, and efficiencies needed to meet your cargo needson your schedule, to your destinations, on time.

Leasing an aircraft can be an alternative to outright purchase for a variety of reasons ranging from practicality to cash flow. There are a wide variety of leasing options available, each with specific advantages and disadvantages. In general terms, a lease is a transfer of an aircraft without transfer of title.

A typical dry lease lasts upwards of two years and bears certain conditions with respect to depreciation, maintenance, insurances, etc., depending also on the geographical location, political circumstances, etc.

What is a lease-option-to-buy? A lease-option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property. The tenant pays an up-front option fee and an additional amount each month that goes toward the eventual down payment.

They give the tenant the ability, prior to the conclusion of the lease term, to continue leasing the premises. An option to renew or extend the lease means that upon the tenant's exercise of the option (choice), the provisions of the agreed-upon option are adopted for another defined term.

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.

An aircraft leasing arrangement exclusively used between two airlines whereby one airline (the lessor) provides an aircraft, crew, maintenance, and insurance (ACMI) to another airline (the lessee), which then pays for the hours operated.

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Arkansas Aircraft Lease Agreement with Option to Purchase