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Aircraft Bailment Agreement

Date of sale: the date on which the transferring executive agency waives responsibility for an aircraft, e.B. where the agency transfers ownership in the event of an exchange/sale; returns the aircraft to the lessor or lessor; declassifies it (for FAIRS, release is considered a „disposal measure“, although the agency retains ownership); or assign custody to another organization (p.B. in the case of surplus (transferred) or surplus (donated or sold) aircraft). C. Type of mission. It may be appropriate to pay more attention to the conduct of a ramp inspection of an aircraft involved in the carriage of passengers than to an inspection limited to cargo. Maintainable aircraft part means a part that is safe for flight, can meet its operational requirements, and is sufficiently documented to indicate that it complies with applicable standards/specifications. (ii) leasing aircraft for which the leasing agency has an ownership option; 15. GUARANTEE OF LEASES/CONTRACTS.

The lease or contract submitted by an operator may contain sensitive commercial or financial information. It is therefore privileged and confidential and is not made available to the public or copied by the inspector. Acquisition date means the date on which the acquiring executive agency assumed responsibility for the aircraft, e.B. Title received (by purchase, exchange or donation), signed a deposit agreement with the Ministry of Defense (DOD), assumed physical custody, received a court order, restored a newly manufactured aircraft by the Agency to working order or accepted a physical transfer (for example. B.B a borrowed aircraft). Unmanned Aircraft Systems (UAS) means an unmanned aircraft and its related elements related to safe operation, which may include, but are not limited to, control stations, data communication links, support equipment, payloads, flight termination systems, and take-off/recovery equipment. The unmanned aerial vehicle (UA) is the flying component of the system that is piloted by a pilot via a ground control system or autonomously through the use of an on-board computer, communication links and additional equipment necessary for the safe operation of the unmanned aircraft. The Federal Aviation Administration issues either an Airworthiness Policy (AD) or a Certificate of Authorization (COA) for the entire system, not just the flying component of the system. Reporting of UAS costs and flight hours is only required if the cumulative cost of acquisition and operation meets the agency`s capitalization threshold and the useful life of the UAS is two years or more. We reviewed the lease you submitted [identify the aircraft by make, model and N number]. We cannot approve the lease until the following clauses have been corrected to bring them into compliance with far ยง 91.23: In Acernus Aero Limited v Vincent Aviation Limited [2013] NZHC 595, the parties agreed that the defendant would store the plaintiff`s aircraft in a hangar leased by him in exchange for a monthly fee, and add the aircraft to its Air Operator Certificate.

Following a dispute, the defendant pretended to terminate the contract summarily (although it had set a notice period of seven days a month and a half earlier). D. Type of inspection and maintenance program. It is necessary to specify the type of inspection and maintenance program that the aircraft has followed in the last 12 months. If the aircraft is currently maintained under a known program, e.B. an ongoing airworthiness inspection program for a FAR Part 121 operation or an approved aircraft inspection program of an FAR Part 135 operator, there may be little need for airworthiness testing. If the aircraft was operated as a public aircraft immediately prior to the current lease, an inspection should be considered to determine whether the certificate of airworthiness is still valid. The U.S. Government Aircraft Cost Accounting Guide (CAG) refers to the government aircraft cost accounting guidelines issued by the GSA and is based on the cost guidelines in OMB Circular A-126, OMB Circular A-76, FAIRS, and the U.S. Government Standard General Ledger.

2. An exchange agreement is an agreement under which a person leases an aircraft to another person in order to obtain, if necessary, the same time on the other person`s aircraft or in exchange for a monetary payment that does not exceed the difference between the costs of owning, operating and maintaining the replaced aircraft. Related Air Transport Service Contract means a commercial contractual agreement under which an executive agency contracts only air transport services (not aircraft), e.B pilots, crew, maintenance, cleaning, deployment or catering. 11. ELIGIBLE COMPENSATION. The lessor may charge a fee for the aircraft and services in accordance with Part 91 of the FAR, Subpart D. The owner does not need to be certified in accordance with Far Parts 121, 125 or 135. Qualified non-crew member means a person who is not a crew member on board an aircraft – (1) The lessor is the person who provides the aircraft. (4) The regulation requires that the leasing agreement identify the maintenance program under which the aircraft was submitted during the preceding 12 months and the person(s) responsible for the operational control of the aircraft. A copy of the agreement must be carried on board the aircraft during all operations carried out under the terms of the lease or contract. (iv) leased aircraft acquired under an agreement in which the Executive Agency has exclusive use for an agreed period (the Executive Agency operates, but does not maintain, a leased aircraft); (v) Entry into service of full-service services (i.e., aircraft and related aviation services for exclusive use); or Aviation Survival Equipment (ICES) means equipment that protects flight crew members and other persons on board an aircraft and promotes their safe escape, survival and recovery in the event of an accident or other emergency. Military aircraft part means an aircraft part used in an aircraft developed by the armed forces (whether or not it carries an FAA certificate of airworthiness).

Federal aircraft means aircraft with or without crew on board owned by an executive body (i.e. The property holds it) or borrows for any period of time. Federal aircraft include – (1) A timeshare agreement refers to an agreement in which a person leases a flight crewed aircraft to another person. .