The Legal Core of an Aircraft Lease
Aircraft leasing is one of the foundational instruments of the aviation business: an airline rents an aircraft or helicopter from its owner to expand or flexibly adjust its fleet, which frees capital compared with outright purchase. The Civil Code of Georgia regulates this agreement through the general norms of lease: Article 531 defines the concept of lease, Article 532 the requirement to hand over the thing in good condition and to maintain it, Article 549 the lessor's consent to a sublease, and Article 564 the manner of returning the thing upon termination of the agreement.
These four norms form the legal frame into which every aviation lease project fits: what obligations arise for the lessor and the lessee, how the aircraft is delivered and in what condition it goes back. Charter (transport) agreements belong to a different institution and are not the subject of this page — here only the lease relationship is discussed.