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14 lis 2022 · Following this, an aircraft purchase (or sales) agreement needs to be established, covering areas such as the deal’s terms, price, agreed conditions, penalties, remedies to any foreseeable problems, timeline for closing, aircraft relocation costs, applicable jurisdiction, delivery venue, and more.
Upon delivery of the Aircraft and payment of the balance of the purchase price, in accordance with this Agreement, Seller shall execute a bill of sale granting good and marketable title to the Aircraft.
25 sty 2024 · A flight level (FL) is a standard pressure altitude, expressed as three numbers. Aircraft flying on flight levels all measure their altitude from the same pressure setting, 1013.2 Hpa (or 29.92 InHg). This is based on the principle of something called the International Standard Atmosphere.
What is an Aircraft Sale Agreement? An aircraft sale agreement is a legal contract between the buyer and seller of an airplane. It includes the specific model, price, and delivery date for the agreed-upon purchase.
All funds, including the earnest money deposit, and the following documents pertaining to this transaction, shall be deposited with the escrow agent: (a) Bill of Sale for the Aircraft executed by the Seller to the Buyer; and (b) Application for Registration of the Aircraft to the Buyer.
11 paź 2021 · The Facts. A recent decision from the Singapore International Commercial Court provides an important reminder of the practical issues that can arise in aircraft sales. In 2018, California-based CSDS Aircraft Sales & Leasing offered to purchase a B777 airframe from Singapore Airlines.
At Air Law Office, P.A., we negotiate the most favorable purchase and sale contracts possible to fit our clients’ needs, whether a domestic, international and/or cross border transaction. We efficiently manage the entire purchase or sale, catering to your desired level of involvement.
