What are the laws and regulations regarding aircraft leasing and charter operations?

In the state of Virginia, aircraft leasing and charter operations are regulated by the Virginia Department of Aviation (VDA). The VDA works with the Federal Aviation Administration (FAA) to ensure compliance with the Federal Aviation Regulations (FARs), the set of laws that govern aircraft operations in the United States. Under FARs, aircraft leasing and charter operators must meet minimum safety and performance standards, including properly servicing and maintaining their aircraft. Aircraft must be registered with the FAA before it can be used for leasing or charter operations, and operators must also register with the VDA. Operators must also comply with state laws regarding aircraft leasing and charter operations. These laws cover issues such as aircraft purchasing, contract requirements, fees paid to the VDA, the registration and inspection of aircraft, and the registration of pilots. Pilots operating aircraft under a lease or charter must be licensed and approved by the VDA, and must have the necessary medical examinations, training, and ratings. Finally, aircraft leasing and charter operations must also comply with certain financial and insurance requirements. Operators must purchase and keep up to date an aircraft liability insurance policy in order to protect the public from any potential accidents and pay for any damages sustained. In addition, operators must also provide the VDA with financial records and documents verifying their ability to pay for all expenses related to their aircraft. This includes all costs related to fuel, maintenance, and repairs. Overall, Virginia has established strict requirements concerning aircraft leasing and charter operations in order to ensure the public’s safety and protect consumers from any potential harm.

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What are the laws and regulations regarding aircraft leasing and charter operations?

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