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Aircraft LLC Operating Agreement Template for England and Wales

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Key Requirements PROMPT example:

Aircraft LLC Operating Agreement

"Need an Aircraft LLC Operating Agreement for a three-member partnership acquiring a private jet for business use, with specific provisions for cost-sharing and priority scheduling between members based in London and Manchester."

Document background
The Aircraft LLC Operating Agreement is essential when multiple parties wish to share ownership and operation of an aircraft through a limited liability structure in England and Wales. This document sets out the foundation for the LLC's governance, including member rights and responsibilities, operational procedures, cost-sharing arrangements, and compliance with aviation regulations. It's particularly crucial for ensuring clear understanding among members regarding aircraft usage, maintenance obligations, and financial commitments while maintaining compliance with CAA requirements and UK aviation law.
Suggested Sections

1. Parties: Details of LLC members and their respective interests

2. Background: Context of the LLC formation and aircraft operation purpose

3. Definitions: Key terms used throughout the agreement including relevant regulatory references

4. Company Formation: Details of LLC structure, registration, and compliance with Companies Act 2006

5. Capital Contributions: Members' financial commitments and capital structure

6. Management Structure: Governance and decision-making processes for the LLC

7. Aircraft Operations: Operating procedures and compliance with CAA regulations and Air Navigation Order

8. Financial Provisions: Cost sharing, revenue distribution, and accounting practices

9. Regulatory Compliance: Compliance obligations under UK aviation law and international standards

10. Term and Termination: Duration of the agreement and termination provisions

Optional Sections

1. Interstate Operations: Provisions for international flights and compliance with foreign regulations

2. Financing Arrangements: Terms of external financing and related obligations

3. Charter Operations: Rules and requirements for third-party charter operations

4. Environmental Compliance: Additional provisions for environmental regulations and emissions standards

Suggested Schedules

1. Schedule 1 - Aircraft Specifications: Detailed technical information about the aircraft including registration details

2. Schedule 2 - Member Capital Contributions: Detailed breakdown of financial commitments from each member

3. Schedule 3 - Operating Procedures: Detailed operational protocols and safety procedures

4. Schedule 4 - Maintenance Schedule: Required maintenance and inspection schedules per CAA requirements

5. Schedule 5 - Insurance Requirements: Details of required insurance coverage and minimum liability limits

6. Schedule 6 - Regulatory Compliance Checklist: Comprehensive list of applicable regulations and compliance requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions











































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Industries

Companies Act 2006: Primary UK legislation governing company formation, management, and operations, relevant for establishing the LLC structure even though LLCs are more common in US law

Civil Aviation Act 1982: Fundamental UK legislation governing aviation activities, establishing regulatory framework for aircraft operations and ownership

Air Navigation Order 2016: Detailed regulations specifying requirements for aircraft operations in UK airspace, including safety standards and operational procedures

Transport Act 2000: Legislative framework covering various aspects of air transport operations and management in the UK

CAA Regulations: Civil Aviation Authority regulations covering aircraft registration, operating licenses, safety standards, and maintenance requirements

EASA Regulations: European Union Aviation Safety Agency regulations that remain relevant post-Brexit for maintaining aligned aviation standards

ICAO Standards: International Civil Aviation Organization standards that must be adhered to for international aviation compliance

Chicago Convention: International treaty obligations governing international civil aviation operations and standards

Finance Act: Provisions relevant to aircraft ownership, taxation, and financial aspects of aircraft operations

Limited Liability Partnerships Act 2000: Legislation providing structural guidance for limited liability entities in the UK

Money Laundering Regulations 2017: Regulations ensuring compliance with anti-money laundering requirements in high-value transactions like aircraft ownership

Environmental Legislation: Various environmental laws and regulations governing aircraft emissions, noise pollution, and environmental impact

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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