Yes. The lease will be based on your credit history and you will be responsible for damage and to make payments.
The operator is responsible to pay the deductible portion of any insurance claim.
We can decide to either repair or replace the helicopter or terminate the lease. You are responsible for the replacement of the helicopter and are required to provide insurance coverage against all losses.
We’re leasing to flight schools that will maintain the helicopter to a high standard of airworthiness and who consider safety as their first priority.
You return the helicopter to either our West Coast or East Coast location at your cost. We conduct a post-lease inspection and you agree to repair any damage or mechanical discrepancies.
Helicopters are will be available for pick up at either our West Coast or East Coast location. You will be responsible for all ferry costs and flight time from the pickup location to your location at the applicable hourly rate.
We pay for overhaul reserves as well as the parts necessary to comply with ADs.
The operator pays for fuel, maintenance, hangar, insurance, taxes and any costs of operation other than the overhaul reserve and the cost of labor to satisfy an AD.
We pay for the parts necessary to comply with ADs and the operator pays for the labor to comply with ADs and parts and labor to comply with SBs.
Robinson and Lycoming offer limited warranties on new aircraft for 24 months (24 months or 1,000 hours in the case of Robinson) and limited warranties of 12 months for overhauled aircraft. Proceeds from these warranties are available to the Lessee to cover applicable repairs and replacements.
The Hourly Lease Option has a standard monthly minimum usage requirement of 50 hours for an R22 and 30 hours for an R44. Our leases have an averaging system so that if you don’t meet the minimum in a slow month, you can use those hours in a busier month (see the lease for details). Lower minimums are also available at slightly higher hourly rates. The minimum requirements for all Lessees are determined on a case-by-case basis. The Monthly Lease Option does not have a minimum usage requirement.
If we have a helicopter in inventory it can be ready for pickup in as little as one week after you sign the lease and make the security deposit. If we don’t have one in inventory, we can usually get a new or used aircraft on the open market in 2-4 weeks.
Our lease requires a minimum security deposit of $4,500 for a Beta II and $14,500 for a Raven. The actual security deposit amount will be determined after submission of Lessee’s lease application and is determined based on Lessee’s credit history and the intended location and use of the Helicopter.*
* On approved credit and subject to aircraft availability. Lease prices and terms may be different based on model, type of Lessee use, optional equipment, year of manufacture, airframe time, location and credit worthiness of Lessee and other factors at Lessor’s sole discretion and are subject to change without notice.