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INSERT NAME OF EXISTING LESSOR AS EXISTING LESSOR INSERT NAME OF AIRLINE/OPERATOR OF THE AIRCRAFT AS LESSEE INSERT NAME OF NEW LESSOR AS NEW LESSORAIRCRAFT LEASE ASSIGNMENT, ASSUMPTION AND AMENDMENT
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How to fill out aircraft purchase agreement

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How to fill out aircraft purchase agreement

01
Begin by listing the full legal names and addresses of both the buyer and the seller.
02
Include a clear and detailed description of the aircraft being sold, including its make, model, year, and any unique identifiers like serial number.
03
Specify the agreed-upon purchase price of the aircraft, along with any additional costs or fees that may apply.
04
Outline the terms of payment, including the amount of the initial deposit and the schedule for completing the full payment.
05
Include any applicable contingencies or conditions that must be met before the sale is finalized, such as obtaining financing or completing a satisfactory inspection.
06
Specify the date by which the buyer must take delivery of the aircraft, and outline any penalties or consequences for failing to do so.
07
Include provisions for the transfer of ownership, such as the issuance of a bill of sale and the filing of necessary documents with the appropriate aviation authorities.
08
Address any warranties or guarantees that may apply to the aircraft, and outline the process for resolving any disputes or disagreements that may arise.
09
Include any additional terms or clauses that both parties have agreed upon, such as a confidentiality agreement or non-compete clause.
10
Ensure that both the buyer and the seller sign and date the agreement, and consider having it notarized for added legal validity.

Who needs aircraft purchase agreement?

01
Aircraft purchase agreements are typically required by individuals or businesses who are buying or selling an aircraft. This can include private individuals looking to purchase a personal aircraft, companies acquiring planes for their business operations, or aircraft dealerships facilitating the sale of aircraft to customers.

What is AIRCRAFT PURCHASE AGREEMENT - IATA Form?

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AIRCRAFT PURCHASE AGREEMENT - IATA template instructions

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An aircraft purchase agreement is a legally binding contract between a buyer and seller outlining the terms and conditions of a transaction involving the purchase of an aircraft.
The buyer and seller of the aircraft are required to file the aircraft purchase agreement.
The aircraft purchase agreement can be filled out by including all relevant details of the transaction such as the parties involved, purchase price, payment terms, delivery date, and any conditions that need to be met.
The purpose of an aircraft purchase agreement is to protect the interests of both the buyer and seller by clearly outlining the terms of the sale.
The aircraft purchase agreement must include details such as the make and model of the aircraft, registration number, purchase price, payment terms, delivery date, and any conditions of the sale.
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