An aircraft management contract is an agreement between an aircraft owner and a management company that provides various services related to the operation, maintenance, and administration of the aircraft. Some of the pros of such contracts are:
Pros:
– The management company can offer expertise and resources that the owner may not have, such as qualified pilots, mechanics, dispatchers, insurance, fuel discounts, spare parts, hangar space, etc.
– The management company can handle the regulatory compliance, safety standards, record keeping and reporting requirements for the aircraft
– The management company can help the owner generate revenue by chartering the aircraft to third parties when it is not in use by the owner