Aircraft Purchase Offer
Ref: _____________(make/model) serial number ____, N_______ (the “Aircraft”)
Purchaser offers to purchase and Seller agrees to sell the above referenced Aircraft subject to
the following:
1. Purchase Price: The purchase price shall be $__________________ USD.
2. Deposit: Upon written acceptance of this Offer, Purchaser shall make an immediate
refundable escrow deposit in the amount of $ 1000,000 USD to Insured Aircraft Title Service,
Inc. (“Escrow Agent”). Purchaser and Seller shall share equally any escrow fees incurred. Prior
to rectification of any discrepancies found during the pre-purchase inspection as outlined below,
Purchaser shall accept or reject the aircraft in writing within 2 days following completion of the
pre-purchase inspection. Upon acceptance, the deposit shall become non-refundable, subject
only to Seller’s performance hereunder.
3. Inspection: This Offer is subject to Purchaser’s satisfaction with a pre-purchase inspection
of the Aircraft, aircraft and engine logbooks, airframe, engines and avionics including a test flight
of at least one hour, to be commenced within 5 days at a mutually agreed upon facility to
determine the Aircraft is in compliance with Paragraph 5 below.
4. Expenses: Purchaser expressly agrees that all costs of the pre-purchase inspection and
movement expenses shall be for Purchaser’s account and that they may be deducted from the
deposit in place with the Escrow Agent. The Aircraft shall not be flown, except for delivery,
following the inspection.
5. Condition: Aircraft shall be delivered at the Seller‘s expense:
(1) With all systems and avionics functioning normally and an FAA certificate of Airworthiness
(2) Current on it’s maintenance program with no deferments or extensions;
(3) With all AD’s and mandatory SB’s accomplished and with a current FAA Certificate of
Airworthiness;
(4) With complete logbooks, flight manuals, and spare parts /accessories in owners possession;
(5) Free and clear of all liens or other encumbrances.
6. Delivery & Closing: Final payment for the aircraft shall occur no later than __________ or
following Sellers compliance with Paragraph 5 above. Final payment and Delivery shall
occur simultaneously through the Escrow Agent. Prior to Delivery, the parties agree to
execute an Aircraft Sales Agreement incorporating these terms. Prior to delivery, Seller shall
execute and place an FAA Bill of Sale with the Escrow Agent. This contract and all
negotiations shall remain strictly confidential.
7. This offer is valid until 5pm ____________________(date)
SELLER: PURCHASER:
_______________________ _________________________
(Company name) (Company name)
______________________ _________________________
(Signature) (Signature)
Title: ___________________ Title: _____________________
Date: ___________________ Date: _____________________