Comparative Study of Aircraft Financing Focused on Lease Agreements

Document Type : Research Article

Authors

1 Department of Law, Ar.C, Islamic Azad University, Arak، Iran

2 , Department of Law, Ar.C, Islamic Azad University, Arak, Iran

3 Department of Law, Ar.C, Islamic Azad University, Arak, Iran

10.22059/jolt.2025.402195.1007410

Abstract

The issue of financing for air transport companies has always been a significant and pressing challenge. The aircraft lease agreement, as one of the key instruments in the aviation industry, plays a crucial role, particularly in financing and managing the air fleet. This type of contract allows airlines to expand their fleets effectively without the need for substantial investments in purchasing aircraft, thereby enabling them to manage their operational costs more efficiently. In Iranian law, aircraft lease agreements are utilized within the frameworks of international norms for the operation of these vehicles. This article analyzes the legal aspects of aircraft lease agreements within the Iranian legal system and compares them with certain other legal systems. The types of aircraft leases include wet leases and dry leases. Given the importance of these contracts in facilitating economic activities, this research can contribute to a better understanding and improvement of the legal status of aircraft lease agreements by offering practical suggestions, such as accession to the Cape Town Convention on Mobile Equipment and the development of relevant legal knowledge, including the establishment of specific regulations regarding aircraft leasing.

Keywords

References

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Private Law
Volume 22, Issue 1
Spring & Summer
April 2025
Pages 153-166

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