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1. Parties: Identification of seller and purchaser with full legal names and addresses
2. Background: Context of the transaction and brief description of the aircraft being sold
3. Definitions: Defined terms used throughout the agreement
4. Sale and Purchase: Core agreement to sell and purchase the aircraft
5. Purchase Price: Agreement on price, currency, and payment structure
6. Payment Terms: Detailed payment schedule, deposit requirements, and payment methods
7. Conditions Precedent: Conditions that must be satisfied before closing
8. Pre-Delivery Inspection: Rights and procedures for aircraft inspection before delivery
9. Delivery and Acceptance: Terms and procedures for aircraft delivery and acceptance
10. Title and Risk: Transfer of title and risk allocation
11. Seller's Representations and Warranties: Warranties regarding aircraft condition, title, and compliance
12. Purchaser's Representations and Warranties: Warranties regarding authority and ability to complete purchase
13. Covenants: Ongoing obligations of both parties
14. Default and Termination: Events of default and termination rights
15. Indemnification: Mutual indemnification provisions
16. Governing Law and Jurisdiction: Choice of law and dispute resolution
17. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Import/Export Requirements: Required for cross-border transactions to address customs and regulatory requirements
2. Security Interest: Required when the purchase involves financing or security arrangements
3. Training and Support: Optional provisions for pilot or maintenance training
4. Maintenance Program Transfer: Required when existing maintenance programs are being transferred
5. Insurance Requirements: Detailed insurance requirements if specific coverage is needed pre-closing
6. Tax Matters: Detailed tax provisions for complex transactions or cross-border sales
7. Cape Town Convention Compliance: Required for transactions involving aircraft covered by the Cape Town Convention
8. Broker Provisions: Required when brokers are involved in the transaction
1. Aircraft Specifications: Detailed technical description of the aircraft, including registration, serial numbers, and equipment
2. Aircraft Documents: List of required documentation to be delivered with the aircraft
3. Delivery Condition Requirements: Specific conditions the aircraft must meet at delivery
4. Acceptance Certificate: Form of certificate to be signed upon delivery
5. Payment Schedule: Detailed breakdown of payment installments and timing
6. Pre-Delivery Inspection Protocol: Detailed procedures for pre-delivery inspection
7. Warranty Terms: Detailed warranty terms and conditions
8. Required Modifications: List of modifications required before delivery
9. Maintenance Records: Inventory of maintenance records to be transferred
10. Equipment List: Detailed list of included equipment and components
Acceptance Flight
Affiliate
Aircraft
Aircraft Documents
Airframe
Airworthiness Directive
Applicable Law
Aviation Authority
Business Day
Closing
Closing Date
Completion
Conditions Precedent
Confidential Information
Delivery
Delivery Date
Delivery Location
Deposit
Engines
Escrow Account
Escrow Agent
Event of Default
Export Certificate of Airworthiness
FAA
Force Majeure
Governmental Authority
Inspection Period
Insurance
Lien
Maintenance Program
Manufacturer
Material Adverse Change
Parts
Payment Schedule
Pre-Delivery Inspection
Purchase Price
Registration
Regulatory Requirements
Security Interest
Seller's Warranties
Service Bulletin
Specifications
Technical Acceptance
Technical Records
TCCA
Title
Transaction Documents
Transport Canada
Warranty Period
Payment
Deposit
Title Transfer
Delivery
Acceptance
Inspection Rights
Conditions Precedent
Representations and Warranties
Covenants
Insurance
Registration
Regulatory Compliance
Technical Requirements
Documentation Requirements
Export/Import
Taxes
Risk of Loss
Default
Termination
Force Majeure
Indemnification
Confidentiality
Assignment
Notices
Governing Law
Dispute Resolution
Amendment
Entire Agreement
Severability
Third Party Rights
Further Assurance
Counterparts
Security Interest
Escrow
Cape Town Convention
Records Transfer
Training
Maintenance
Broker Provisions
Anti-corruption
Sanctions Compliance
Aviation
Aerospace
Transportation
Manufacturing
Private Aviation
Commercial Airlines
Corporate Services
Mining
Oil & Gas
Emergency Services
Tourism
Cargo & Logistics
Legal
Finance
Operations
Procurement
Risk Management
Technical Operations
Compliance
Aviation Safety
Maintenance
Commercial
Asset Management
Chief Executive Officer
Chief Financial Officer
Fleet Manager
Aviation Director
Legal Counsel
Procurement Manager
Risk Manager
Technical Operations Director
Compliance Officer
Finance Director
Operations Manager
Aviation Safety Manager
Maintenance Director
Commercial Director
Asset Manager
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