Aircraft Purchase Agreement Template

This aircraft purchase agreement template has 6 pages and is a MS Word file type listed under our sales & marketing documents.

Sample of our aircraft purchase agreement template:

AIRCRAFT PURCHASE AGREEMENT This Aircraft Purchase Agreement (the "Agreement") is made and effective this [DATE], BETWEEN: [SELLER NAME] (the "Seller"), an individual with their main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [BUYER NAME] (the "Buyer"), an individual with their main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Seller agrees to sell and the Buyer agrees to purchase the Aircraft described herein under the terms and conditions set forth in this Agreement; IT IS HEREBY AGREED THAT: AIRCRAFT DETAILS Aircraft Description: Make: [MAKE] Model: [MODEL] Year: [YEAR] Serial Number: [SERIAL NUMBER] Registration Number: [REGISTRATION NUMBER] Engine Make and Model: [ENGINE DETAILS] Airframe Hours: [TOTAL AIRFRAME HOURS] Engine Hours: [TOTAL ENGINE HOURS] Included Equipment and Accessories: [LIST OF EQUIPMENT AND ACCESSORIES INCLUDED IN THE SALE, SUCH AS AVIONICS, INTERIOR FEATURES, EXTERIOR PAINT, ETC.] PURCHASE PRICE 2.1 Purchase Price: The purchase price for the Aircraft is [AMOUNT] in [CURRENCY] (the "Purchase Price"). 2.2 Deposit: The Buyer shall pay a deposit of [DEPOSIT AMOUNT] in [CURRENCY] (the "Deposit") upon the execution of this Agreement. The Deposit shall be applied towards the Purchase Price at closing. 2.3 Payment Terms: The balance of the Purchase Price, [BALANCE AMOUNT] in [CURRENCY], shall be paid by the Buyer to the Seller at closing via [Payment Method]. CONDITIONS PRECEDENT 3.1 Inspection: The Buyer shall have the right to inspect the Aircraft and its logbooks and maintenance records. The inspection shall be conducted at [LOCATION] within [NUMBER OF DAYS] days from the date of this Agreement. The inspection will cover: 3.1.1 Airframe and Engine: Detailed inspection of the airframe, engine, and other mechanical components. 3.1.2 Avionics and Instruments: Functional check of all avionics and instruments. 3.1.3 Interior and Exterior: Inspection of the Aircraft's interior and exterior condition. 3.1.4 Logbooks and Records: Review of all maintenance records, logbooks, and relevant documentation. 3.2 Acceptance or Rejection: If the Aircraft is found to be unsatisfactory upon inspection, the Buyer may reject the Aircraft by providing written notice to the Seller within [NUMBER OF DAYS] days after the inspection. In such an event, the Deposit shall be refunded to the Buyer, and this Agreement shall be null and void. 3.3 Airworthiness: The Aircraft shall be delivered with a valid Certificate of Airworthiness issued by [AVIATION AUTHORITY]. CLOSING 4.1 Closing Date: The closing of the sale and purchase of the Aircraft (the "Closing") shall take place on [CLOSING DATE] or at such other time and place as the Parties may agree in writing. Delivery of Documents: At Closing, the Seller shall deliver to the Buyer: Bill of Sale Current Certificate of Airworthiness Aircraft logbooks and maintenance records Any other documents necessary to transfer ownership of the Aircraft to the Buyer. Delivery of Aircraft: The Aircraft shall be delivered to the Buyer at [LOCATION] on the Closing Date. WARRANTIES 5.1 Seller's Warranties: The Seller warrants that: 5.1.1 The Seller has good and marketable title to the Aircraft. 5.1.2 The Aircraft is free and clear of all liens, claims, and encumbrances. 5.1.3 The Aircraft is in the condition described in this Agreement and has been maintained according to [MAINTENANCE STANDARDS]. 5.1.4 The Aircraft has no known defects except as disclosed in the inspection report. 5.1