|Air Carrier Certification|
You must have one of the following:
◉ Aircraft registration showing the Operator owns the aircraft.
◉ An exclusive use dry lease agreement that -
❍ Must be between registered owner and Operator.
The Exclusive Use Dry Lease Agreement must address:
◉ Aircraft make and model, serial number, and FAA registration number.
◉ Term must be 6 months or greater.
◉ Rent or amount to be paid on an hourly basis, or equivalent.
◉ Maintenance responsible party and details.
◉ Possession, Command and Operational Control details.
◉ Payment of taxes.
◉ Restriction on liens.
◉ Payment and details of insurance.
◉ Consequences of default.
◉ Additional contractual details.
Examples can be found at Onecle.
USAC can tailor an exclusive use dry lease agreement during certification.
Compliance with Truth-In-Leasing requirements:
◉ Applies to aircraft over 12,500 pounds.
◉ Assure lease complies with CFR 91.23.
◉ Mail or deliver a copy of the agreement within 24 hours of signing to
❍ FAA Aircraft Registration Branch (AFS-750)
Attn: Technical Section
PO Box 25724
Oklahoma City, OK 73125
◉ Notify POI at least 48 hours prior to first flight under the agreement.
◉ Carry a copy of the agreement in the EFB.