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.
Miami-Dade Florida Aircraft Lease Agreement is a contractual document that outlines the terms and conditions related to leasing an aircraft in Miami-Dade County, Florida. This specific agreement includes the provision for the lessee to supply a new engine in exchange for flight hours and allows the lessor to take a security interest in the engine. Keywords: Miami-Dade Florida, Aircraft Lease Agreement, Lessee, Supply New Engine, Flight Hours, Security Interest. There are different types of Miami-Dade Florida Aircraft Lease Agreements, including: 1. Dry lease agreement: This type of agreement allows the lessee to lease the aircraft without any additional services, such as crew, maintenance, or insurance. In this case, the lessee would still be required to supply a new engine in exchange for flight hours and the lessor would retain a security interest in the engine. 2. Wet lease agreement: Unlike a dry lease agreement, a wet lease agreement includes additional services provided by the lessor, such as crew, maintenance, and insurance. In this type of agreement, the lessee would still be obliged to provide a new engine in exchange for flight hours, while the lessor retains a security interest in the engine. 3. Power-by-the-hour agreement: This type of lease agreement is based on a pay-per-hour structure. The lessee pays a fixed hourly rate to the lessor for the number of flight hours utilized. In this case, the lessee may be required to supply a new engine in exchange for flight hours and the lessor would retain a security interest in the engine. 4. Sale and leaseback agreement: This agreement involves selling an aircraft to a lessor and then leasing it back from them. The lessee may negotiate to supply a new engine as part of the leaseback arrangement in exchange for flight hours, with the lessor holding a security interest in the engine. In summary, the Miami-Dade Florida Aircraft Lease Agreement is a comprehensive contractual document that outlines the terms and conditions of leasing an aircraft in Miami-Dade County, Florida. It may involve different types, such as dry lease, wet lease, power-by-the-hour, or sale and leaseback agreements. These agreements often require the lessee to supply a new engine in exchange for flight hours, with the lessor typically maintaining a security interest in the engine to protect their investment.Miami-Dade Florida Aircraft Lease Agreement is a contractual document that outlines the terms and conditions related to leasing an aircraft in Miami-Dade County, Florida. This specific agreement includes the provision for the lessee to supply a new engine in exchange for flight hours and allows the lessor to take a security interest in the engine. Keywords: Miami-Dade Florida, Aircraft Lease Agreement, Lessee, Supply New Engine, Flight Hours, Security Interest. There are different types of Miami-Dade Florida Aircraft Lease Agreements, including: 1. Dry lease agreement: This type of agreement allows the lessee to lease the aircraft without any additional services, such as crew, maintenance, or insurance. In this case, the lessee would still be required to supply a new engine in exchange for flight hours and the lessor would retain a security interest in the engine. 2. Wet lease agreement: Unlike a dry lease agreement, a wet lease agreement includes additional services provided by the lessor, such as crew, maintenance, and insurance. In this type of agreement, the lessee would still be obliged to provide a new engine in exchange for flight hours, while the lessor retains a security interest in the engine. 3. Power-by-the-hour agreement: This type of lease agreement is based on a pay-per-hour structure. The lessee pays a fixed hourly rate to the lessor for the number of flight hours utilized. In this case, the lessee may be required to supply a new engine in exchange for flight hours and the lessor would retain a security interest in the engine. 4. Sale and leaseback agreement: This agreement involves selling an aircraft to a lessor and then leasing it back from them. The lessee may negotiate to supply a new engine as part of the leaseback arrangement in exchange for flight hours, with the lessor holding a security interest in the engine. In summary, the Miami-Dade Florida Aircraft Lease Agreement is a comprehensive contractual document that outlines the terms and conditions of leasing an aircraft in Miami-Dade County, Florida. It may involve different types, such as dry lease, wet lease, power-by-the-hour, or sale and leaseback agreements. These agreements often require the lessee to supply a new engine in exchange for flight hours, with the lessor typically maintaining a security interest in the engine to protect their investment.
