Wet Lease Agreement Sample

Under the Civil Aviation Act, operators of aircraft operators (whether a renter or a taker) are responsible for the accuracy and validity of aircraft leasing documents and for updating those documents. In the case of short-term water rental establishments, the technical, operational and administrative responsibility of the company during the lease phase rests with the owner of the wet rental vehicle, but the economic responsibility remains the responsibility of the taker. These provisions must be defined in the lease. Introduction Short-Term Water Lease Contracts General Water Lease Contracts Comment Under the Civil Aviation Act, general water leases are subject to approval by the Directorate General, which is valid for up to six months before they can operate water-leased aircraft. The application must be submitted 30 days before the operational date in order to obtain the required authorization of all documents submitted to the Branch. In addition, under the Civil Aviation Act, passengers must be informed that the aircraft is subject to wet leasing. In this context, a local aircraft operator who leases the aircraft from another local aircraft operator or an international airline must provide its passengers with information about the de facto operator (i.e. the owner) as soon as possible or at least before boarding. In practice, short-term lease agreements on wetlands often come into effect without the approval of the Directorate General of Civil Aviation.

However, in such cases as well, a form should be completed and submitted to inform the Directorate General of the agreement. While short-term wet leasing provides comfort for both tenants and landlords, it is limited to operations of up to 72 flight hours per month. When a short-term water lease covers operations starting at 72 hours per month, it is considered a water finance lease and must comply with the terms of these agreements (including obtaining approval from the general management). Water leases are governed by the Civil Aviation Act and associated legislation and are ideal and convenient for start-up airlines, to explore new routes or for seasonal fluctuations and sudden peaks in demand. In addition, wet leases are likely to also meet the needs of long-term fleet development plans and maximize market share in the immediate future. Local air carriers may only benefit from a short-term lease agreement for flights for which authorization has been granted. In addition, owners can operate wet leased aircraft for at least one year. Water-leased aircraft should have a noise certificate in accordance with International Civil Aviation Organization standards (Annex 16, Sections 1, Chapters 3-8 and 11). The Civil Aviation Act (2920), the Civil Aviation Authority`s Organizing and Mission Act (5431) and the Ministry of Transportation`s rules and instructions on aircraft leasing form the basic basis for aircraft leasing between domestic and international aircraft operators. In this context, international aircraft operators may lease an aircraft from a local aircraft operator, provided the following conditions are met: provided that all obligations and responsibilities specified in their operating licence are met, the owner of the leased aircraft becomes the operator of the leased aircraft.

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