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Aircraft Purchase Agreement
I need an Aircraft Purchase Agreement for a new Boeing 787 purchase from the manufacturer, with delivery scheduled for March 2025, including comprehensive warranty provisions and training support requirements for our Danish airline company.
1. Parties: Identification of buyer and seller with full legal names, registration numbers, and addresses
2. Background: Context of the transaction and brief description of the aircraft being purchased
3. Definitions: Definitions of key terms used throughout the agreement, including technical aviation terms
4. Aircraft Description: Detailed description of the aircraft, including manufacturer, model, serial numbers, and current registration
5. Purchase Price and Payment Terms: Purchase price, deposit requirements, payment schedule, and method of payment
6. Conditions Precedent: Conditions that must be satisfied before the purchase can be completed
7. Pre-Delivery Inspection: Rights and procedures for aircraft inspection before delivery
8. Delivery and Acceptance: Delivery location, timing, process, and acceptance criteria
9. Title and Risk: Transfer of title and risk provisions, including registration requirements
10. Seller's Representations and Warranties: Warranties regarding aircraft condition, ownership, and compliance with regulations
11. Buyer's Representations and Warranties: Warranties regarding authority to purchase and compliance with laws
12. Indemnification: Mutual indemnification provisions for various risks and liabilities
13. Insurance: Insurance requirements during delivery and transfer process
14. Default and Termination: Events of default and termination rights
15. Governing Law and Jurisdiction: Danish law as governing law and jurisdiction provisions
16. General Provisions: Standard boilerplate provisions including notices, amendments, and entire agreement
1. Trade-in Provisions: Used when another aircraft is being traded in as part of the purchase
2. Financing Conditions: Required when purchase is subject to obtaining specific financing
3. Escrow Arrangements: Details of escrow arrangement if being used for the transaction
4. Training and Support: When seller is providing additional training or support services
5. Maintenance Program Transfer: Terms for transferring existing maintenance programs
6. Import/Export Provisions: Detailed provisions when aircraft is being imported/exported
7. Tax Structure: Specific tax arrangements or structures when required
8. Broker Provisions: When aircraft brokers are involved in the transaction
1. Aircraft Specifications: Detailed technical specifications of the aircraft
2. Equipment List: Inventory of all equipment included in the sale
3. Maintenance Status Report: Details of maintenance history and current status
4. Delivery Condition Requirements: Specific conditions the aircraft must meet at delivery
5. Required Documents: List of all documents to be delivered with the aircraft
6. Pre-Delivery Inspection Protocol: Detailed procedures for pre-delivery inspection
7. Forms and Certificates: Copies of required forms and certificates for transfer
8. Payment Schedule: Detailed breakdown of payment terms and timing
9. Warranty Details: Detailed warranty terms and conditions
10. Service Life Status: Status of life-limited parts and time-controlled components
Authors
Aviation
Aerospace
Transportation
Finance and Banking
Insurance
Manufacturing
Leasing
Business Services
Logistics
Defense
Legal
Finance
Procurement
Operations
Technical Operations
Risk Management
Compliance
Fleet Management
Aviation Safety
Commercial
Chief Executive Officer
Chief Financial Officer
Fleet Manager
Aviation Director
Procurement Manager
Legal Counsel
Risk Manager
Technical Operations Director
Compliance Officer
Finance Director
Aircraft Acquisition Manager
Aviation Safety Manager
Maintenance Director
Commercial Director
Operations Manager
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