Jump to content

Whats The Deal With Leases


Torqued
 Share

Recommended Posts

I'll let you know about all I know on the subject. Got 30 seconds ?? :D

 

You (lessee) go to someone who has an a/c for lease (known as the lessor), and arrange the term. These can be any length, but the one's I've seen were 6 months, and annual terms. You agree to pay for 'x' amount of time. Be it 300, 600, 1,000 hours. Whatever is in the agreement. You pay so much per month, and so much per hour. Depending on the deal, the lessor covers replacement/overhaul of things like the engine, main, tail rotor blades, etc at the recommended o/h or replacement time. You pay for inspections, on condition items, oils, fluids, consumables, any damage you cause, those sorts of things.

 

Leases can pay off if you have a flying contract that will cover the minimums you pay, and it's a relatively short-term job. If you are leasing for spec., well that's when you can lose your shirt if you don't fly the minimums. An example: you agree to lease for 6 months, and for say 300 hours. Let's say they charge you 2,000/month, and 350/hour, so you guarantee to pay $117,000, not including fuel, oils, etc. If you only fly 100 hours, well you get the idea. Each lessor will write their deals a little differently, and cost differently, but they pretty much work the same.

 

Hope I helped.

 

Cheers

Link to comment
Share on other sites

What I know about leasing could be written on a grain of rice in 24 pt bold font. I almost leased an A-Star in the mid-nineties but didn't get far enough into it to learn much.

 

I could certainly put you in touch with some good folks who know all about it though.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...