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Iata master engine lease agreement

IATA Document No 5016-00 MASTER SHORT-TERM ENGINE bb-2026

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The IATA Document No. 5016-00 is a Master Short-Term Engine Lease Agreement, established in 2002 for the aviation industry. It serves as a standardized form for leasing aircraft engines, allowing parties to modify terms through individual lease agreements. The document outlines definitions, leasing terms, payment structures, compliance obligations, and conditions for redelivery of the engine package. It emphasizes that the agreement is a true lease and includes provisions for insurance, indemnities, and default remedies. The document aims to facilitate short-term engine leasing while ensuring legal clarity and operational compliance.

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Click ‘Get Form’ to open the IATA Document No 5016-00 in the editor.
Begin by reviewing the 'Definitions and Interpretation' section to understand key terms that will be used throughout the document.
Proceed to the 'Terms of Leasing' section. Fill in details regarding the Engine Package, including specifics about the engine type and serviceability tag.
In the 'Payments, Charges and Taxes' section, input relevant financial information such as rental payments and any deposits required.
Complete the 'Informational, Operational and Compliance Undertakings' section by providing necessary documentation related to maintenance and compliance with applicable laws.
Review all sections for accuracy before finalizing your entries. Use our platform's features to save your progress or make modifications as needed.

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IATA Document No 5016-00 MASTER SHORT-TERM ENGINE bb-2026

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IATA Document No 5016-00 MASTER SHORT-TERM ENGINE bb-2026

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