Aircraft Hire Purchase Agreement

Basically, the lessor provides a naked aircraft without registration, insurance, maintenance, crew and other things necessary for operation. These contracts are usually concluded for a period of two years and include certain maintenance obligations. Under current conditions, airlines can make independent decisions about their development, the choice of management and partners for strategic development. Today, the airline has the right to purchase both domestic and Western aircraft on the basis of economic feasibility, subject to the implementation of current legislation. Therefore, a constant desire to order foreign aircraft, supported by preferential conditions for financing operations and authorizations to derogate from the customs legislation in force, will always be present in this market. But it is worth mentioning – if necessary to carry out the buyback process in the future, the cost of leasing increases sharply…

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