Document background
The Aircraft Management Agreement is essential for aircraft owners seeking professional management of their aircraft in Saudi Arabia. This document is typically used when an aircraft owner wants to delegate the operational, maintenance, and administrative responsibilities to a specialized management company. The agreement must comply with Saudi Arabian law and GACA regulations, covering aspects such as operational control, crew management, maintenance oversight, regulatory compliance, insurance requirements, and financial administration. It's particularly important in the context of Saudi Arabia's growing private aviation sector and strict regulatory environment, requiring careful attention to both local aviation regulations and Islamic finance principles where applicable. The agreement establishes clear lines of responsibility and authority between the owner and manager while ensuring compliance with all relevant aviation safety and operational requirements.
