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The Aircraft Purchase Letter of Intent is a crucial preliminary document used in aviation transactions under German law when a potential buyer wishes to formally express interest in purchasing an aircraft while establishing key commercial terms. It serves as a roadmap for the transaction, typically issued after initial discussions but before detailed due diligence and definitive agreements. The document outlines fundamental terms such as aircraft description, approximate price range, exclusivity period, and basic conditions, while complying with German legal requirements including the German Civil Code (BGB) and Aviation Act (LuftVG). While mostly non-binding, certain provisions like confidentiality and exclusivity are typically enforceable. This document is particularly important in German jurisdiction as it helps establish clear pre-contractual obligations (culpa in contrahendo) and good faith requirements under German law.

1. Parties: Identification of the prospective buyer and seller, including full legal names and addresses

2. Aircraft Description: Detailed identification of the aircraft, including manufacturer, model, serial number, and registration number

3. Purchase Price: Proposed purchase price and basic payment terms

4. Deposit: Amount, timing, and conditions for deposit payment and return

5. Exclusivity Period: Duration during which seller agrees not to negotiate with other potential buyers

6. Due Diligence: Overview of inspection rights and documentation review process

7. Conditions: Key conditions that must be met before proceeding to definitive agreements

8. Timeline: Proposed schedule for key milestones including inspection, documentation, and closing

9. Confidentiality: Obligations regarding confidential treatment of discussions and information

10. Binding Elements: Specification of which provisions are legally binding and which are not

11. Expiration: Duration of the LOI and circumstances for termination

12. Governing Law: Specification of German law as governing law