True Blue Air Services
PROCEDURE FOR LEASING OF AIRCRAFT
Aircraft leasing transact strictly and ONLY through competent and respected aircraft escrow services

Not principal-to-principal until escrow notify the parties of the appropriate time and that is when due diligence is done and all parties including Lessee and Operator/owner Involved agent/s are protected.

Escrow makes all the checks of the existence of the plane, handles the KYC verifies reality of the ownership of the airplane, checks the titles of registration with the services of the civil aviation of the countries of the nationality of the plane, control, the financial capacity of the Lessee, organizes the technical inspection of the aircraft if required, for its reception, receives all preliminary funds (security deposits) and final (balance), pays all recognized intermediaries and with a commitment of commission payment.

We use and recommend Aerotitle however other Escrow service such as Insured Title are welcome

Ms Jacinda Janko
President
1200 Metropolitan Ave.| Oklahoma City, OK | 73108
T 405.763.5980 | T 866.738.8330 | F 405.763.5999
Email: Jacinda@AEROtitle.com
Website: www.AEROtitle.com


LOI, Mandate, KYC and POF are exchanged strictly via escrow " POF bank officer-to-bank officer through escrow" after signed contracts are lodged at escrow and both the Seller and the Buyer clears compliance;

- lessee will submit POF and/or deposit 5% minimum of the full purchase value of the aircraft into escrow
- Escrow confirms deposit is in place, to Operator/Owner,
- Escrow informs of the MSN's (after POF is generally ok)
- both parties submit an NCNDA to escrow protecting the brokers involved
- physical inspection if needed of the aircraft & all records, at the site of the aircraft.
- If inspection is satisfactory, at this stage the Deposit becomes "Non Refundable"
- Operator/ Owners instruct Escrow to release signed and sealed contract documents to the Buyers.
- Operator/ Owners rectify any and all discrepancies, if any, pointed out by the Buyer, as compared to the specs given, at Operator/ Owners cost.
- At this stage the Lessee deposits the balance of the deposit and monthly advances into the Escrow Account, with instructions to the Escrow Agent to release the operational funds to Operator/ Owners account.

Warning any ICPO, LOI, RWA, or BCL issued and proven not real, true and/or actually verifiability factual, will be communicated to the FBI and or INTERPOL if in case seller or buyer won't perform he will be reported and "black listed internationally" immediately
Copyright: TrueBlue Air Services. 2011-2024 All rights reserved.


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