We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
A standard commercial operating lease setting forth a process for delivery of a used aircraft has two essential components: First, the lessee is responsible for inspecting the aircraft (which is delivered on an "as-is, where-is" basis) and, upon completion of its inspection, issues an acceptance certificate confirming that the lessee has completed its inspection and accepted the condition of the aircraft
