Aircraft Management Agreement Part 135: A Comprehensive Guide
When it comes to owning and operating an aircraft, it requires a lot of work and management. Thankfully, there are aircraft management companies that can take care of the tedious tasks so owners can focus on enjoying their aircraft. One important aspect of aircraft management is the agreement between the owner and management company, known as the Aircraft Management Agreement Part 135.
What is Part 135?
Part 135 is a set of Federal Aviation Administration (FAA) regulations that apply to charter operators, air carriers, and management companies. These regulations outline the requirements for aircraft management companies to operate aircraft for compensation or hire. Part 135 management companies can operate aircraft on behalf of owners and provide services such as maintenance, crew management, scheduling, and dispatch.
What is an Aircraft Management Agreement?
An Aircraft Management Agreement (AMA) is a contract between an aircraft owner and a Part 135 management company. This agreement outlines the terms and conditions for the management of the aircraft, including the services provided, fees, and responsibilities of both parties.
The AMA covers several areas, including:
1. Aircraft Maintenance: The agreement should outline the provisions for aircraft maintenance and who is responsible for the costs. It should also specify who determines maintenance schedules, selects mechanics, and approves maintenance procedures.
2. Crew Management: The AMA should outline the responsibilities of the crew, including their training, qualifications, and certifications. It should also specify who is responsible for scheduling, payment, and insurance coverage.
3. Scheduling and Dispatch: The agreement should define the process for scheduling the aircraft, including who has priority and how flight requests are handled. The dispatch process should also be defined, including who is responsible for flight planning, weather monitoring, and emergency procedures.
4. Insurance: The AMA should specify the types of insurance coverage required and who is responsible for obtaining and paying for the insurance. It should also outline the limits of liability and the procedures for dealing with claims.
5. Payment and Fees: The agreement should outline the fees and payment terms for the management of the aircraft, including the hourly rate, monthly fees, and extra charges for additional services.
Why is the AMA important?
The AMA is essential for the smooth operation of an aircraft and the protection of the owner`s investment. It provides a clear understanding of the responsibilities and obligations of both parties and ensures that the aircraft is maintained and operated safely.
Overall, the Aircraft Management Agreement Part 135 is a crucial document for aircraft owners and management companies. It outlines the terms and conditions for the management of the aircraft and ensures that the aircraft is maintained and operated safely. Whether you are an aircraft owner or a management company, it is crucial to have a solid AMA in place to protect your investment and ensure a smooth operation.