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The Aircraft Management Contract is essential for aircraft owners seeking professional management of their aviation assets in Hong Kong. This document is typically used when an owner requires specialized expertise for aircraft operations, maintenance, and regulatory compliance but wishes to retain ownership. The contract addresses the complex regulatory environment of Hong Kong aviation, including compliance with the Civil Aviation Ordinance and Air Navigation Order. It covers crucial aspects such as crew management, maintenance scheduling, flight operations, insurance requirements, and financial reporting. The agreement is particularly relevant for private aircraft owners, corporations with aviation assets, and high-net-worth individuals operating aircraft through Hong Kong's aviation framework. The document must align with Hong Kong's common law system while incorporating international aviation standards and practices.

1. Parties: Identification of the aircraft owner and management company

2. Background: Context of the agreement, including aircraft details and purpose of the management arrangement

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Formal appointment of manager and outline of services scope

5. Manager's Services and Obligations: Detailed description of core management services including operations, maintenance, crew management, and regulatory compliance

6. Owner's Obligations: Owner's responsibilities including providing documentation, maintaining insurance, and payment obligations

7. Financial Terms: Management fees, operating expenses, payment terms, and accounting procedures

8. Regulatory Compliance: Obligations regarding aviation regulations and maintaining permits/licenses

9. Insurance: Required insurance coverage and responsibilities for maintaining policies

10. Liability and Indemnification: Risk allocation between parties and mutual indemnification provisions

11. Term and Termination: Duration of agreement and termination rights

12. Force Majeure: Events excusing performance and procedures during force majeure

13. Confidentiality: Protection of confidential information and trade secrets

14. Dispute Resolution: Procedures for resolving disputes including jurisdiction and governing law

15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment