Document background
The Aircraft Purchase And Sale Agreement is a crucial document used in aviation transactions under Irish law, which is particularly significant given Ireland's position as a global hub for aircraft leasing and aviation finance. This agreement is utilized when transferring ownership of an aircraft between parties, whether for commercial airlines, private operators, or leasing companies. It includes detailed provisions covering aircraft specifications, purchase price, payment structures, delivery conditions, warranties, and technical acceptance procedures. The document must comply with Irish aviation regulations, EU legislation, and international treaties such as the Cape Town Convention. It's designed to protect both parties' interests while ensuring regulatory compliance in aircraft transfer transactions. The agreement's Irish jurisdiction is particularly advantageous due to Ireland's well-established legal framework for aviation transactions and its significant aviation industry expertise.
