Part 91 Dry Lease Agreement

When it comes to aircraft leasing, one of the most common types of agreements is the Part 91 Dry Lease Agreement. This type of lease agreement allows for the leasing of an aircraft without a crew, meaning the lessee is responsible for providing their own pilots, maintenance, and insurance.

Part 91 refers to the Federal Aviation Administration (FAA) regulation that governs non-commercial flights. This regulation outlines the rules, requirements, and procedures for private aircraft owners and operators. A Part 91 Dry Lease Agreement falls under this regulation and is often used by businesses, individuals, and even governments who want to rent an aircraft for their own use.

Under this type of agreement, the lessee assumes all responsibility and liability for the aircraft during the lease term. This includes the cost of maintaining and repairing the aircraft, as well as insuring it against damage or loss. The lessee is also responsible for providing their own crew, including pilots and any other necessary personnel.

The lessor, or owner of the aircraft, is responsible for making sure the aircraft is in good condition and meets all safety requirements before the lease agreement begins. They may also provide certain services, such as fueling and storage, for an additional fee.

A Part 91 Dry Lease Agreement can be a cost-effective way for businesses or individuals to gain access to an aircraft without the cost of ownership or the commitment of a long-term lease. However, it`s important to carefully review the terms of the agreement and ensure that all necessary insurance and safety requirements are met.

Additionally, it`s important to note that a Part 91 Dry Lease Agreement is different from a Part 135 Air Charter Agreement, which involves the leasing of an aircraft with a crew and is subject to different regulations and requirements.

In conclusion, a Part 91 Dry Lease Agreement is a common and useful option for those looking to lease an aircraft for their own use. It provides flexibility and cost savings, but also requires careful consideration of liability and safety concerns. By working with experienced professionals and reviewing all terms carefully, lessees can enjoy the benefits of aircraft leasing while minimizing risks and liabilities.