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, 2012 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) $2,500 per month (“Base Rental”) plus $24.50 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 overhaul 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 $100.00 plus late interest of 1 ½
percent per month on the amount of the
late rental payment. All returned checks are subject to a $100.00 NSF fee plus
all fees incurred by Lessor due to overdraft.
5. Security
Deposit. Lessee has deposited
with Lessor the sum of $5,000 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 overhaul 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 $2,500.00 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 $2,500.00 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.