Aircraft Lease Agreements

An aircraft lease agreement is a legal contract where an airline or operator rents an airplane from a leasing company or owner for a specified period. It outlines the terms, including payment, responsibilities, maintenance, and usage rights. Lessees get access to aircraft without buying them outright, enabling flexibility and lower upfront costs. Lessors retain ownership, and the agreement ensures both parties understand their obligations, helping airlines operate efficiently while providing leasing companies with steady income.