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AVIATION LAW- IDENTIFICATION, REGISTRATION, AIRWORTHINESS, LEASE, PURCHASE + SALE AND SECURITY REAL EXAM AND CORRECT ANSWERS 2024

AVIATION LAW- IDENTIFICATION, REGISTRATION, AIRWORTHINESS, LEASE, PURCHASE + SALE AND SECURITY REAL EXAM AND CORRECT ANSWERS 2024

AVIATION LAW- IDENTIFICATION,
REGISTRATION, AIRWORTHINESS,
LEASE, PURCHASE + SALE AND
SECURITY REAL EXAM AND
CORRECT ANSWERS 2024
A lease is -ANSWER- an agreement, a contract that
permits someone else to use an owner's aircraft
It may help to think of a lease that is not tied to an
aircraft purchase in the circular manner as a -
ANSWER- lease forward
It is only where, as a part of the same "wraparound"
business deal, the buyer purchases the aircraft from
the seller then turns around and leases it back to the
seller for the seller's use, that the least portion of this
deal is correctly referred to as a -ANSWERleaseback
In any lease (forward or back), the aircraft owner is
referred to in legal terms as -ANSWER- the lessor
and the user as the lessee
in an ordinary aircraft lease (a lease forward), the
lessor's primary motive is to -ANSWER- earn
income from the aircraft
in

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