Who manages the aircraft and where it is maintained? NOTE: Operators may enter into valid leases, but do not comply with the aircraft`s operating conditions and restrictions. Inspectors should check the scope of the transaction to determine if the transaction complies with applicable regulatory requirements. Aircraft exchange agreements are a useful technique for airlines based in different jurisdictions to effectively use their combined fleets across national borders. The use of trade agreements has increased considerably in recent years in Brazil and is expected to continue to increase. The initial application of these agreements has focused on cargo aircraft, but has extended to airliners. Although most exchange agreements involve interchange agreements and exchange agreements under common control, the use of such agreements between independent parties is not impeded. At first, Brazilian legislation and legislation on exchange agreements raised doubts about what types of aircraft could be exchanged and what documents were needed to implement them. Many of these uncertainties have been clarified in recent times and the relevant authorities are already agreeing to exchange agreements before legislation to clarify things. (a) authorization. Each party has all the necessary powers to carry out the operations under this agreement and has taken all necessary steps to approve and approve the agreement. Before departure, who will ensure that the flight, the aircraft and the crew follow the rules? NOTE: Clause 91.23 applies only to large U.S.-registered aircraft. In view of the promises, agreements, agreements, guarantees, representations and provisions contained in them, the parties agree that the origin of the idea of exchange must be explained. If your aircraft is not on a commercial certificate, you cannot normally use it to allow transport for compensation.
You could rent it to someone who provides their own pilots, but if you equip the aircraft and you even have a crew member and compensation, the FAA will call the flight commercial. Traditionally, this was also the case when compensation was not money; This could have been useful to any passenger, including your passenger, who will provide you with transportation on their plane. In other words, trading time on your plane for time on someone else needs a commercial certificate from the FAA. But in 1972, when the agency realized that these time trading agreements were in progress, it decided to legalize them. Since the FAA used the term „time-sharing“ to refer to a completely different agreement, it chose to characterize the arrangements as „exchange.“ According to FAR 91.501, „a person in an exchange contract rents his plane to another person in exchange for the same time, if necessary, on the other person`s plane, and no charges, charges or charges are charged.“ It sounds simple.