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Aircraft LLC Operating Agreement
"I need an Aircraft LLC Operating Agreement under German law for a private two-member company that will own and operate a single Cessna Citation business jet, with operations starting March 2025 and both members having equal ownership rights."
1. Parties: Identification of all members/shareholders of the LLC and their respective ownership interests
2. Background: Context of the LLC formation, purpose of the aircraft operation, and basic business objectives
3. Definitions: Comprehensive definitions of terms used throughout the agreement, including aviation-specific terminology
4. Formation and Name: Legal establishment of the LLC, registered name, and address details according to German GmbH law
5. Purpose and Business Activities: Detailed description of permitted aviation activities, operational scope, and business objectives
6. Capital Contributions: Initial and ongoing capital requirements, including aircraft acquisition and maintenance funding
7. Membership Interests: Distribution of ownership, voting rights, and economic interests among members
8. Management Structure: Governance framework, appointment of managing directors (Geschäftsführer), and decision-making processes
9. Aircraft Operations: Basic operational rules, compliance requirements, and safety protocols
10. Financial Management: Accounting principles, fiscal year, reporting requirements, and distribution of profits/losses
11. Compliance and Reporting: Regulatory compliance obligations under German and EU aviation laws
12. Transfer Restrictions: Rules governing the transfer of membership interests and admission of new members
13. Dissolution and Liquidation: Procedures for winding up the LLC and distributing assets
14. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes
1. Multiple Aircraft Operations: Additional provisions for LLCs operating more than one aircraft, including fleet management protocols
2. International Operations: Specific provisions for cross-border flights and international aviation compliance
3. Charter Operations: Regulations and procedures for commercial charter services if the LLC engages in such activities
4. Aircraft Sharing Arrangements: Rules for sharing aircraft with other entities or individuals
5. Maintenance Management: Detailed maintenance protocols beyond basic operations requirements
6. Insurance Requirements: Specific insurance obligations beyond standard coverage
7. Environmental Compliance: Additional environmental regulations and carbon offset requirements
8. Pilot Qualification Requirements: Specific pilot qualification and training requirements beyond regulatory minimums
1. Schedule A - Aircraft Specifications: Detailed technical specifications of the aircraft(s) operated by the LLC
2. Schedule B - Members' Capital Contributions: Detailed breakdown of initial and committed capital contributions
3. Schedule C - Operating Procedures: Standard operating procedures and safety protocols
4. Schedule D - Maintenance Schedule: Aircraft maintenance requirements and schedules
5. Schedule E - Insurance Specifications: Required insurance coverage details and minimum requirements
6. Schedule F - Regulatory Certificates: Copies of all required aviation certificates and permits
7. Schedule G - Management Structure: Detailed organizational chart and management responsibilities
8. Appendix 1 - Aviation Authority Compliance: Documentation of compliance with German aviation authorities
9. Appendix 2 - Emergency Procedures: Emergency response procedures and contact information
10. Appendix 3 - Financial Reporting Templates: Standard formats for required financial reports
Authors
Aviation
Corporate Services
Transportation
Luxury Services
Business Travel
Tourism
Manufacturing
Energy
Private Aviation
Financial Services
Legal
Aviation Operations
Compliance
Finance
Risk Management
Safety and Security
Corporate Governance
Fleet Management
Maintenance Operations
Executive Leadership
Chief Executive Officer
Aviation Director
Chief Operating Officer
Chief Financial Officer
Legal Counsel
Compliance Officer
Flight Operations Manager
Aircraft Maintenance Manager
Risk Manager
Safety Director
Corporate Secretary
Managing Director
Fleet Manager
Aviation Insurance Specialist
Corporate Governance Officer
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