Aircraft Purchase Agreement

SELLER'S LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

AIRCRAFT PURCHASE AGREEMENT

This Aircraft Purchase Agreement (the “Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}} (the “Effective Date”), by and between:

**Seller:** {{seller_company_name}}, a company duly incorporated and existing under the laws of {{seller_jurisdiction}}, with its registered office located at {{seller_address}} (hereinafter referred to as “the Seller”).

**Buyer:** {{buyer_company_name}}, a company duly incorporated and existing under the laws of {{buyer_jurisdiction}}, with its registered office located at {{buyer_address}} (hereinafter referred to as “the Buyer”).

The Seller and the Buyer are hereinafter collectively referred to as the “Parties” and individually as a “Party.”

1. AIRCRAFT DESCRIPTION

The Seller agrees to sell and the Buyer agrees to purchase the following aircraft (hereinafter referred to as the “Aircraft”):

**Make:** {{aircraft_make}}

**Model:** {{aircraft_model}}

**Serial Number:** {{aircraft_serial_number}}

**Registration Number:** {{aircraft_registration_number}}

**Year of Manufacture:** {{aircraft_year_of_manufacture}}

**Airframe Hours (approximate):** {{airframe_hours}}

**Engine Type(s):** {{engine_type}}

**Engine Serial Number(s):** {{engine_serial_number}}

**Propeller Type(s) (if applicable):** {{propeller_type}}

**Propeller Serial Number(s) (if applicable):** {{propeller_serial_number}}

**Avionics & Equipment:** As per attached Exhibit A ({{exhibit_a_description}}).

2. PURCHASE PRICE

The total purchase price for the Aircraft shall be {{currency}} {{purchase_price}} ({{purchase_price_words}}) (the “Purchase Price”).

The Purchase Price shall be payable as follows:

**2.1. Deposit:** A non-refundable deposit of {{currency}} {{deposit_amount}} ({{deposit_amount_words}}) shall be paid by the Buyer to the Seller upon the signing of this Agreement.

**2.2. Balance:** The remaining balance of the Purchase Price, amounting to {{currency}} {{balance_amount}} ({{balance_amount_words}}), shall be paid by the Buyer to the Seller on or before the Delivery Date, as defined in Section 4.

3. PAYMENT TERMS

All payments shall be made in {{currency}} to the Seller’s nominated bank account: {{seller_bank_name}}, Account Name: {{seller_account_name}}, Account Number: {{seller_account_number}}, SWIFT Code: {{seller_swift_code}}.

Time is of the essence for all payments under this Agreement.

4. DELIVERY AND ACCEPTANCE

**4.1. Delivery Date:** The Aircraft shall be delivered to the Buyer on or before {{delivery_date}} (the “Delivery Date”) at {{delivery_location}}.

**4.2. Condition of Aircraft:** Upon delivery, the Aircraft shall be in {{aircraft_condition_description}} condition, in compliance with all applicable airworthiness directives and regulations, and with all necessary documentation, including logs and maintenance records, up-to-date.

**4.3. Acceptance:** The Buyer shall have {{inspection_period_days}} days from the Delivery Date to inspect the Aircraft and its documentation. If the Buyer finds the Aircraft not to be in the agreed-upon condition, the Buyer shall notify the Seller in writing of any defects within this inspection period. Failure to provide such notice shall constitute acceptance of the Aircraft by the Buyer.

5. REPRESENTATIONS AND WARRANTIES

**5.1. Seller’s Representations and Warranties:** The Seller represents and warrants that:

a) The Seller is the sole legal and beneficial owner of the Aircraft, free from any liens, encumbrances, or other third-party claims.

b) The Seller has the full right, power, and authority to enter into this Agreement and to sell the Aircraft to the Buyer.

c) All information provided regarding the Aircraft’s history, maintenance, and condition is true, accurate, and complete to the best of the Seller’s knowledge.

**5.2. Buyer’s Representations and Warranties:** The Buyer represents and warrants that:

a) The Buyer has the full right, power, and authority to enter into this Agreement and to purchase the Aircraft from the Seller.

b) The Buyer has conducted or will conduct its own due diligence regarding the Aircraft and is satisfied with its condition and suitability for its intended use.

6. RISK AND TITLE

Risk of loss or damage to the Aircraft shall pass from the Seller to the Buyer upon acceptance of the Aircraft by the Buyer, as per Section 4.3.

Title to the Aircraft shall pass from the Seller to the Buyer upon full payment of the Purchase Price and acceptance of the Aircraft by the Buyer.

7. GOVERNING LAW AND DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}.

Any dispute, controversy, or claim arising out of or in connection with this Agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration administered by {{arbitration_institution}} in accordance with its rules, as amended from time to time. The seat of the arbitration shall be {{arbitration_seat}}, and the language of the arbitration shall be English.

8. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written, relating to the sale of the Aircraft.

9. AMENDMENTS

No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both Parties.

10. SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Aircraft Purchase Agreement on the Effective Date.

**SELLER:**

_____________________________

Name: {{seller_signatory_name}}

Title: {{seller_signatory_title}}

**BUYER:**

_____________________________

Name: {{buyer_signatory_name}}

Title: {{buyer_signatory_title}}