The Airplane Purchase Agreement is a crucial document used in aircraft transactions under Maltese jurisdiction, designed to facilitate the sale and transfer of aircraft while ensuring compliance with Malta's robust aviation legal framework. This agreement is particularly relevant given Malta's position as a prominent aviation hub and its implementation of both domestic and EU aviation regulations. The document addresses all aspects of an aircraft purchase transaction, including technical specifications, regulatory requirements, financial terms, and post-delivery obligations. It incorporates provisions from key legislation such as the Civil Aviation Act and Aircraft Registration Act, while also considering international standards like the Cape Town Convention. The agreement is essential for documenting high-value aircraft transactions and protecting the interests of both buyers and sellers through comprehensive terms and conditions.

1. Parties: Identification of seller and buyer, including full legal names, registration details, and addresses

2. Background: Context of the transaction, brief description of the aircraft, and purpose of the agreement

3. Definitions: Detailed definitions of technical terms, legal concepts, and key phrases used throughout the agreement

4. Aircraft Description: Detailed identification of the aircraft, including manufacturer, model, serial numbers, and current registration

5. Purchase Price and Payment Terms: Specification of purchase price, payment schedule, deposit requirements, and payment methods

6. Conditions Precedent: Prerequisites that must be satisfied before closing, including regulatory approvals and technical inspections

7. Representations and Warranties: Statements of fact and assurances from both parties regarding the aircraft, authority to sell, and compliance with laws

8. Pre-Delivery Inspection: Process and requirements for technical inspection, test flights, and acceptance procedures

9. Delivery and Transfer of Title: Specifications for the delivery process, location, timing, and documents required for transfer of title

10. Risk and Insurance: Allocation of risk and insurance requirements before and after delivery

11. Indemnification: Mutual indemnification provisions for various risks and liabilities

12. Default and Termination: Events of default, remedies, and termination rights

13. Governing Law and Jurisdiction: Specification of Maltese law as governing law and jurisdiction for disputes

14. Miscellaneous: Standard legal provisions including notices, amendments, assignment, and severability