What are the laws regarding aircraft leasing?

In Texas, aircraft leasing is subject to state and federal laws. Generally, aircraft leasing is when an aircraft owner leases their aircraft to another individual or organization. This individual or organization is referred to as the lessee, and they agree to pay a fee to use the aircraft. The Texas Aeronautics Commission oversees aircraft leasing agreements in the state. The commission requires that all leasing agreements, including subleases and extensions, be in writing and filed with the Commission. These agreements must include the date of the lease, the duration of the lease, the amount of the lease payment, the method of payment, and any responsibilities of the lessor or lessee. Aircraft owners must also be aware of the applicable federal laws. The Federal Aviation Administration (FAA) regulates all aircraft activities, including leasing. All aircraft lessees must have a valid FAA certified airplane pilot’s license and a current medical certificate when operating an aircraft. Additionally, lessees must also comply with the applicable FAA regulations regarding aircraft operations while leasing an aircraft. In summary, aircraft leasing is subject to both state and federal laws. Aircraft owners and lessees must comply with the requirements set by the Texas Aeronautics Commission as well as the applicable FAA regulations. By doing so, aircraft owners and lessees ensure safe and legal aviation operations.

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