The Aircraft Purchase Letter of Intent (LOI) is a preliminary document used in the early stages of aircraft acquisition negotiations. It serves as a roadmap for the transaction, documenting the parties' intentions and key commercial terms before proceeding to a definitive purchase agreement. Under Dutch law, this document typically includes aircraft specifications, proposed purchase price, timeline for due diligence, and any binding provisions such as confidentiality and exclusivity. While most provisions are non-binding, the LOI helps establish clear expectations and demonstrates commitment to the transaction. It's particularly useful in complex aircraft transactions where detailed due diligence and negotiations are required, and where parties need to document their preliminary understanding while maintaining flexibility for final terms.
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1. Parties: Identification of buyer and seller, including full legal names and addresses
2. Background/Introduction: Brief context of the proposed transaction and purpose of the LOI
3. Aircraft Description: Key details of the aircraft including manufacturer, model, serial number, and current registration
4. Purchase Price: Proposed purchase price and basic payment terms
5. Timeline: Proposed timeline for due diligence, definitive agreement, and closing
6. Key Commercial Terms: Essential terms including delivery location, condition requirements, and documentation
7. Due Diligence: Scope and process for technical and legal inspection of the aircraft
8. Exclusivity: Terms of exclusive negotiation period if applicable
9. Confidentiality: Binding provisions regarding confidential information
10. Binding/Non-binding Nature: Clear statement of which provisions are binding and non-binding
11. Governing Law: Specification of Dutch law as governing law
12. Signature Block: Space for authorized signatures and date
1. Deposit Terms: Include when a good faith deposit is required, specifying amount and conditions
2. Financing Contingency: Include when buyer's obligation is contingent on obtaining financing
3. Break Fee: Include when parties agree to penalties for breaking exclusivity
4. Broker/Agent Provisions: Include when brokers or agents are involved in the transaction
5. Cost Allocation: Include when parties want to specify responsibility for transaction costs
6. Export/Import Requirements: Include for international transactions requiring specific compliance measures
7. Existing Encumbrances: Include when aircraft has existing liens or leases to be addressed
1. Aircraft Specifications: Detailed technical specifications of the aircraft
2. Pre-Purchase Inspection Scope: Outline of technical inspection requirements and procedures
3. Commercial Terms Summary: Detailed breakdown of price, payment terms, and key commercial conditions
4. Required Documentation: List of documents required for due diligence and closing
5. Current Maintenance Status: Summary of aircraft's maintenance history and upcoming requirements
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Relevant Industries
Aviation
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Manufacturing
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Defense & Military
Private Aviation
Commercial Airlines
Relevant Teams
Legal
Finance
Procurement
Technical Operations
Fleet Management
Risk & Compliance
Commercial Operations
Aviation Operations
Insurance
Executive Leadership
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Fleet Management Director
Aviation Director
Legal Counsel
Commercial Director
Technical Director
Procurement Manager
Aviation Finance Manager
Risk Manager
Compliance Officer
Operations Director
Aircraft Acquisition Manager
Fleet Planning Manager
Aviation Insurance Manager
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