Tips For Leasing An Aircraft

Posted on: 19 July 2017

Whether you own a transportation company that offers air travel or your company wants to make it easier for employees to travel for business, leasing an aircraft can be a great solution. But leasing an aircraft can require a significant financial investment, so it is important to be informed before signing any documents. If you plan on leasing an aircraft in the near future, use the following tips:

Establish a Budget

There are many different types of aircraft available for leasing, but your budget will play a big role in what type of aircraft is the best choice for you. It is essential to establish a comprehensive budget to help you determine exactly how much your company can afford to spend on leasing an aircraft. You need to think about more than just the monthly leasing fee-- other expenses that you will most likely be responsible for include insurance, fuel, hiring a pilot for flights, and hangar storage fees. Make sure you account for all of the extra expenses that come with leasing an aircraft before signing a lease.

Choose the Right Aircraft

Before looking at aircraft that are available for lease, make sure you understand exactly what your company needs. If the aircraft will be used to transport a small group of people, there is no reason to even look at large jets that offer many seats. You should also think about your company's typical flight needs-- if most flights are considered short-hauls, you won't need an aircraft that is typically used for long-haul flights. The more specific you are about your needs, the easier it will be for an aircraft leasing agent to assist you in finding the right aircraft. 

Ask for Maintenance Records

In many cases, leased aircraft are not brand new and may have been in service for many years. For this reasons, it is very important to ask to see the maintenance records before agreeing to a lease. Viewing the maintenance records will help you determine if the company that is leasing aircraft is properly caring for the machines.

Schedule a Pre-Lease Inspection

While leasing an aircraft is a big financial investment, safety is also a priority. Prior to signing a lease agreement, schedule a pre-lease inspection with an independent aircraft mechanic, like ETD SOLUTIONS. It is in your best interest to request a comprehensive inspection that will examine all components of the different aircraft systems. A clean inspection will give you the peace of mind of knowing that you're leasing an aircraft that is airworthy and in good condition. 


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