Planning Issues in Aircraft Management Agreements

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Planning Issues in Aircraft Management Agreements

Different sets of aircraft management issues need to be addressed depending on whether your aircraft is owned and operated for the benefit of one company, for the benefit of two or more companies, or your aircraft is also made available to charter customers. In each case, a wide variety of commercial and operational issues are foreseeable and should be identified and resolved. If there is loan or lease financing in place, there may be important additional limitations on management and use of an aircraft that must be complied with. Some issues must be resolved in aircraft lease agreements, some in aircraft management agreements, some in joint ownership agreements, some in pilot and crew agreements, and some in shareholder agreements. Care must be taken to leave operational control of your aircraft in the hands of licensed operators. Despite the inherent complexity, your aircraft management agreements should contain only the minimum amount of complexity actually required for your situation.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Derek Bloom | Attorney Advertising

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