Airplane Purchase Agreement

Airplane Purchase Agreement Template for Indonesia

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Key Requirements PROMPT example:

"I need an Airplane Purchase Agreement for a new Boeing 737 MAX aircraft to be delivered in March 2025, where the buyer is an Indonesian commercial airline and the seller is the manufacturer, with specific provisions for pilot training and maintenance support."

Document background

The Airplane Purchase Agreement is a crucial document used when transferring ownership of aircraft in Indonesia. It is essential for transactions involving both new and used aircraft, whether for commercial airlines, private operators, or government entities. The agreement must comply with Indonesian aviation regulations, particularly the Civil Aviation Law No. 1 of 2009 and related ministerial regulations. It includes detailed provisions for aircraft specifications, purchase price, payment terms, delivery conditions, warranties, and regulatory compliance. The document also addresses specific Indonesian requirements for aircraft registration, ownership transfer, and import procedures. Given the high-value nature of aircraft transactions, the agreement typically includes comprehensive technical specifications, inspection requirements, and warranty provisions to protect both buyer and seller interests.

Suggested Sections

1. Parties: Identification of the seller and purchaser, including their legal names, registration details, and addresses

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

3. Definitions: Definitions of key terms used throughout the agreement

4. Aircraft Description: Basic description of the aircraft, including manufacturer, model, and year

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

6. Conditions Precedent: Conditions that must be satisfied before the parties are obligated to complete the purchase

7. Pre-Delivery Inspection: Rights and procedures for aircraft inspection before delivery

8. Delivery: Terms and conditions for aircraft delivery, including location, timing, and acceptance procedures

9. Title and Risk: Transfer of title and risk provisions

10. Seller's Representations and Warranties: Warranties regarding aircraft condition, title, 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: Requirements for insurance coverage during delivery and transition

14. Default and Termination: Events of default and termination rights

15. Governing Law and Jurisdiction: Choice of Indonesian law and jurisdiction provisions

16. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

17. Notices: Procedures for formal communications between parties

18. General Provisions: Standard boilerplate provisions including amendments, waivers, and severability

Optional Sections

1. Financing Provisions: Required if the purchase involves external financing, including security arrangements and lender's rights

2. Registration and Deregistration: Needed for international transactions requiring change of aircraft registration

3. Training and Support: Include for new aircraft purchases where manufacturer training is part of the deal

4. Spare Parts and Support: Required for agreements including ongoing maintenance or parts supply

5. Export/Import Requirements: Necessary for international transactions requiring specific customs procedures

6. Maintenance and Repairs History: Important for used aircraft purchases to document maintenance history

7. Transition Services: Include when the seller will provide post-delivery support services

8. Tax Provisions: Detailed tax provisions when complex tax implications exist

9. Broker Provisions: Required if aircraft brokers are involved in the transaction

Suggested Schedules

1. Aircraft Specifications: Detailed technical specifications of the aircraft

2. Equipment List: Inventory of all equipment included in the sale

3. Airworthiness Directives Status: List of applicable airworthiness directives and compliance status

4. Delivery Condition Requirements: Detailed requirements for aircraft condition at delivery

5. Aircraft Documents: List of all technical and operational documents to be delivered

6. Pre-Delivery Inspection Protocol: Detailed procedures for conducting pre-delivery inspection

7. Payment Schedule: Detailed breakdown of payment installments and timing

8. Form of Acceptance Certificate: Template for the aircraft acceptance certificate

9. Required Regulatory Approvals: List of necessary regulatory approvals and certificates

10. Warranty Terms: Detailed warranty terms and conditions

11. Insurance Requirements: Detailed insurance coverage requirements

12. Maintenance Records: Inventory of maintenance records to be transferred

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Aviation

Transportation

Financial Services

Insurance

Manufacturing

Defense & Military

Tourism & Travel

Logistics

Energy (for specialized aircraft)

Mining (for specialized aircraft)

Relevant Teams

Legal

Finance

Procurement

Technical Operations

Risk Management

Compliance

Fleet Management

Maintenance

Commercial Operations

Investment

Insurance

Aviation Safety

Quality Assurance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Fleet Acquisition Manager

Aviation Legal Counsel

Procurement Director

Technical Operations Director

Risk Management Officer

Compliance Officer

Finance Director

Aviation Insurance Manager

Fleet Planning Manager

Maintenance Director

Commercial Director

Investment Manager

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