What Are The Different Types Of Aircraft Leasing?
What is an Aircraft Lease? A lease for an aircraft is a contract between two parties, usually a lessor and a lessee. In exchange for recurring payments known as rentals or lease payments, the lessor consents to loan the aircraft to the lessee for a predetermined amount of time. You can make payments for an aircraft lease on a full-time basis, where you can pay for all hours upfront, or on an operational basis, where the lessee only pays for the flying hours actually used. An aircraft lease can also be set up with a single payment and no ongoing costs. It's crucial to understand that leases are not loans because there is no interest accrued over time and no transfer of title. For people who desire to buy an aircraft without the hefty expense of ownership, aircraft leasing is a convenient choice. The normal length of an aircraft lease is five to ten years, after which you must either return the aircraft to the lessor or buy it outright. If you need leasing advice, Magn...