KGKirk Aeronautics leased it’s Piper Aztec E to Aerospeed Transport to provide flight services from Laoag International Airport to Batanes Islands, Calayan Islands, and Cagayan Valley.
KGKirk Aeronautics provides “Aircraft Leasing” that manages financing arrangements where an aircraft is rented or leased to a lessee (the airline or operator) for a fixed period, usually several years. The lessor (the owner of the aircraft) provides the aircraft to the lessee in exchange for rental payments, which can be based on a fixed monthly payment or a percentage of the aircraft’s revenue.
KGKirk Aeronautics engages in “Aircraft Trading”, facilitates the buying and selling of various aircraft types by considering factors such as condition, market value, and regulatory approvals.
Overview of KGKirk Aeronautics Aircraft Leasing and Trading
Aircraft Leasing
Wet lease: The lessor provides the entire aircraft, including crew, maintenance, insurance, and regulatory compliance to the lessee.
Dry lease: The lessor only provides the aircraft to the lessee, and the lessee is responsible for operating and maintaining it, and regulatory compliance.
Operating lease: A long-term lease where the lessee has limited rights to use the aircraft, but does not have ownership.
Aircraft Trading
Buying and selling of aircraft: Facilitates the transaction between aircraft owners and potential buyers.
Aircraft inspections: Ensures the aircraft meets necessary safety and maintenance standards before sale.
Regulatory compliance: Manages the legal and regulatory paperwork required for transferring ownership.
After-Sales Support: Provide assistance post-transaction, includes aircraft maintenance, hangarage, and other ground handling services.
KGKirk Aeronautics is a reputable and experienced Aircraft Leasing and Trading partner that has experience in complex processes that require careful consideration of market conditions, regulatory compliance, maintenance requirements, insurance coverage, and tax implications. Understanding these factors is crucial for making informed decisions in this dynamic industry.