ALASKA AIRCRAFT LEASING LLC
6381 NW Aileron Court
Silverdale, WA 98383
APEX AIRPARK
360-692-3538
FAX 360-447-8356
Alaskaaircraftleasing@wavecable.com
Alaska Aircraft Leasing has
a strictly Cessna 207 fleet
We have 29 years experience with 207’s
We provide above average
aircraft for lease within the 50
United States
All our aircraft are FAA
Part 135 ready
Reasonable rates
Complete 207 support
available
Please
feel free to contact Robert (Rob) Goethals with any 207 questions. For 207
parts you can also go to www.robairrepair.com
SAMPLE AIRCRAFT LEASE AGREEMENT
This Aircraft Lease Agreement
(“Agreement”) is entered into at Silverdale, Washington this ____ day of
AUGUST, 2010 by and between Alaska Aircraft Leasing LLC, a Washington Limited Liability
Company headquartered at 6381 NW Aileron Court, Silverdale, WA 98383,
(LESSOR) and ________________________
headquartered at __________________________, ________________________ (LESSEE).
Recitals
A. Lessor owns and desires
to lease to lessee the Aircraft (defined below) according to the terms of this
Agreement.
B. Lessee
desires to lease the Aircraft according to the terms of this Agreement and is
legally empowered to do so.
Agreements
The parties agree as follows:
1.
Leased Aircraft. Lessor
leases to Lessee and Lessee leases from Lessor, upon the terms and conditions
of this Agreement, the following described aircraft and all standard equipment
as defined by the manufacturer’s specifications, all optional equipment listed
on Appendix A, any replacement or substitutions, and all engine and airframe
logbooks for or relating to the aircraft (collectively, the aircraft and
equipment are referred to as the “Aircraft”):
2. Delivery of Aircraft. The Aircraft shall be returned to Lessor at
Silverdale, Washington. All expenses incurred in transporting the aircraft from
and to Silverdale, Washington will be Lessee’s responsibility including fuel ,
airfare , lodging , food .
3.
Location of Aircraft. The Aircraft
shall be based in ______,_______. The
permanent base of the Aircraft may be changed to another location within the
State of ??????? . The Aircraft shall
not be based and/or operated outside the State of ????????? without the prior
written consent to Lessor. Lessee shall
be free to operate the Aircraft throughout its system in the State of ?????????
in the regular course of business without further notification of Lessor.
4.
Term and Lease Rental.
A. The Aircraft is leased for a term of one year (12) months
commencing on departure from Silverdale Washington. Such term may be extended an additional twelve (12) months by
written notice from Lessee to Lessor at least thirty (30) days prior to
expiration of the initial term. As
consideration for the lease of the Aircraft, Lessee agrees to pay Lessor
rentals of the sum of: (1) $2,000 per month (“Base Rental”) plus $23.50 per tachometer hour (Engine, Propeller overhaul reserve). Lessor
will provide replacement engines and propellers to ??????????,???????? Via
standard barge or truck service only. Before the aircraft leaves Silverdale,
Washington a damage deposit plus the first and last month’s lease payment plus
proper insurance coverage shall be tendered. UPON COMPLETION OF THIS CONTRACT
THE LESSEE AGREES TO RETURN THE AIRCRAFT TO SILVERDALE, WA .
B. All payments “Base Rental” &
preceding month’s “Engine, Propeller reserve”
shall be made payable to Lessor unless otherwise directed. Payment is late if not in Lessor’s control
by the 10th day of the
following month . Any late rental
payments shall be subject to a late payment fee of $75.00 plus late interest of 1 ½ percent per month on the amount of the late rental payment. All
returned checks are subject to a $75.00 NSF fee plus all fees incurred by
Lessor due to overdraft.
5. Security
Deposit. Lessee has deposited
with Lessor the sum of $4,000 as a security for the performance of Lessee’s
obligations under this Agreement. In no event shall interest on the security
deposit be payable by Lessor to Lessee . Lessor , at its sole option, may apply
all or any part of the security deposit to any obligation of the Lessee
pursuant to this Agreement. The security deposit will be returned upon (1)
return and inspection at Silverdale ,Washington to confirm Aircraft is in
leaseable condition. (2) All “Base rental” and “Engine , Propeller reserves” are paid in full.
6. Responsibility
for Maintenance. Lessee
shall be responsible for all inspections, all repairs, all maintenance, all
parts expenses, all AD’s, all servicing
on the Aircraft including unschedualed overhauls and or repairs during the term
and until acceptable return of the aircraft to Silverdale,WA. Down time for
routine maintenance shall not relieve Lessee from monthly rental obligations except
for that portion of the month or months when the engine or propeller are
actually being overhauled. Engine and
prop installation and removal time does not apply. Lessor will provide at their normal overhaul periods the
engine and propeller to the Local dock
via normal barge or truck service only.
7. Insurance. Lessee shall, at its expense, secure and
maintain in effect throughout the term of the Agreement, at a minimum,
insurance coverage on the Aircraft as follows:
Hull Insurance: $150,000.00
Liability Insurance shall name Lessor
as co-insured and loss payee. Lessee shall provide proof of insurance
to lessor at the beginning of the contract and each renewal.
8. Risk
of Loss. All risks of loss or damage
to the Aircraft, from whatever cause, are hereby assumed by Lessee. In the event of loss or damage, Lessee shall
promptly report such loss or damage to the insurance company, Lessor, and all
federal, state and other governmental agencies with jurisdiction, and shall
furnish such information and execute such documents as may be required for
Lessor to make claim under the applicable insurance policies. The rights and liabilities of the parties
shall be as follows:
A. If the Aircraft is lost or damaged
beyond repair and the insurance company pays Lessee the amount of the hull
insurance, Lessee shall, within ten (10) days after such payment by the
insurance company, pay Lessor the sum of $150,000.00 plus all other amounts due up to the date and time of the
loss. It being the intention of the
parties that in all events Lessor shall be paid in full for the loss or
destruction of the Aircraft. Upon
receipt by Lessor of the full amount set forth above, this Agreement shall
terminate.
B. If the Aircraft is only partially
damaged, this Agreement shall remain in full force and effect and Lessee shall,
at its cost and expense, repair the Aircraft so as to place it in the same or
better condition as it was before the damage. During the period the Aircraft is
being repaired, Lessee shall continue to make monthly rental payments of $2,000.00 US per month . Lessor will not be held responsible or at
fault for damages to Aircraft by Lessee or loss of rent.
C. In the event the Aircraft is seized,
condemned, confiscated or in any manner taken by the government of the United
States, any foreign government, any political subdivision, or any agencies of
any such governments or political subdivisions, Lessee shall be financially
responsible for regaining control of the Aircraft. Lessee shall continue to pay $2,000.00 US per month.
D. All disposal costs of recovering,
moving, storing, cleaning, or otherwise dealing with the transportation and
disposition of the Aircraft in the event of loss or damage, from whatever
cause, are the responsibilities of Lessee.
Any and all costs, fees, penalties or interest assessed by the
government of the United States, any foreign government, any political
subdivision or any agencies of any such governments or political subdivisions,
relating to the cleanup and disposal of any and all toxic substances emitted
from the Aircraft at any time are the responsibility of Lessee.
9. Paint
and Insignia. Lessee may affix
to the Aircraft any proper advertisement or insignia designated by Lessee to
indicate the same is being used in the business of Lessee. At the expiration or termination of this
Agreement, Lessee agrees at its expense to remove such advertisements or
insignia. If such advertisements or
insignia are not removed prior to expiration or termination of this Agreement,
Lessor may arrange for removal of same and make a claim against Lessee for the
cost.
10. Lessee
Covenants. Lessee covenants and
agrees:
A. to obtain licenses and registrations (
except Federal Aviation Administration Registrations) required by law, in the
names of Lessor; to pay all taxes,
assessments, licenses and other fees and charges imposed by any national, state
or municipal government or other public or airport authority of any nature
whatsoever, the payments due for the Aircraft or its use during the term of
this Agreement (including penalties and interest) whether the same shall be
payable by or assessed to Lessor or Lessee and whether assessed during the term
or after the expiration or cancellation of this Agreement, and to save Lessor
free and harmless from such obligations or, if under local law or custom
payment may be made only by Lessor, to reimburse Lessor upon demand for any
such payments made by Lessor; to file any returns or reports in connection with
the foregoing required of either Lessor or Lessee except when Lessor is
required to do so;
B. Lessee
agrees to obtain and maintain all licenses and registrations applicable for
operations under FAR part 135.
C. Lessee agrees to pay all landing or
airport fees and taxes that are applicable.
D. Lessee agrees that the Aircraft will be
utilized and operated under the approved operating instructions of the
manufacturer and will also conform to all other State or Federal laws.
E. Lessee shall not make any alterations
or remove existing alterations or equipment without Lessor’s approval. Included in the definition of the Aircraft and
subject to the terms and conditions of this Agreement.
F. Neither this Agreement nor Lessee’s rights shall be assignable , nor shall the Aircraft be subleased or loaned without the prior written consent of Lessor and the Lessee shall not permit a charge, lien, or encumbrance of any nature to be placed or to remain upon the Aircraft.
G. Upon pick up by Lessee the Aircraft is considered accepted and in Airworthy , safe condition and fit for lease. The Lessor expresses or implies no warranties what so ever as to the reliability or dispatchability of the said Aircraft, engine, propeller or accessories. The Aircraft is only represented as follows: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
H. to be liable to Lessor for and indemnify Lessor against any and all damage to the Aircraft which occurs during operations of Aircraft.
I.
to maintain all records,
logs, and other materials required by the Federal Aviation Administration or
any other government authority with jurisdiction to be maintained in respect of
the Aircraft, to make the same available at all reasonable times for inspection
by Lessor and at the expiration or termination of this Agreement, to deliver
such materials to Lessor.
J. to permit the Aircraft to be operated
only by a pilot having completed a training course approved by the insurer for
the operation of the type of Aircraft covered by this Agreement, and having a
current certificate as required by the Federal Aviation Administration or any
other governmental authority and which meets the minimum requirements of the
insurance policies, certificates and applications described above.
11. Default
by Lessee. In the event Lessee
falls to repair and maintain the Aircraft, discharge all liens, secure all licenses
or registrations, pay all taxes, assessments, licenses and other fees and
charges, pay all costs and expenses to be paid by Lessee, procure and maintain
insurance, all as described above, or to perform any of the other covenants or
obligations of Lessee. Lessor may enter
upon the premises where the Aircraft is located for the purpose of inspection,
and may remove the Aircraft without notice to Lessee if, in the opinion of
Lessor, the Aircraft is in imminent danger or is grossly miss maintained and
corrective action is not taken by Lessee to correct deficiencies. If Lessee shall fail to pay any amounts when
due pursuant to this Agreement, or if Lessee should default in the performance
in any of the other terms, conditions, or covenants to be performed by Lessee,
or if Lessee should default in the performance of any of the terms, conditions
or covenants to be performed by Lessee under any other contracts or agreements
between Lessee and Lessor at any time, or it the insurance required to be
maintained pursuant to this Agreement shall expire or be canceled and Lessee
shall fail to replace such insurance, or it the Aircraft shall be misused or
abandoned, take possession of and remove the Aircraft, with or without notice
to Lessee, and/or without legal proceedings, and in removing the Aircraft,
Lessor may, if permitted by law, use any of Lessee’s licenses in respect to the
Aircraft, and Lessor may terminate this Agreement. Upon such termination,
Lessee shall be liable to Lessor and shall pay Lessor on demand, all expenses
and rentals and reserves as per this Agreement.
12. Representations. Time is of the essence in this Agreement.
Only those representations, warranties,
promises, guarantees or agreements, contained In this Agreement are official
and binding.
13. Miscellaneous. All notices shall be effective and binding
on the parties upon actual delivery or when deposited in the United States
Mail. Lessor may assign its rights under this Agreement and in such event, the
assignee shall succeed to all the rights of Lessor. This Agreement, which
constitutes the entire agreement
between the parties, shall be binding on the heirs, executors, administrators,
successors and assigns of Lessee. Except as otherwise provided, any changes or
modifications of this Agreement shall be in writing and signed by the
parties. THIS AGREEMENT IS A WASHINGTON
STATE CONTRACT AND SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE
LAW OF STATE OF WASHINGTON.