The majority of aircraft purchase agreements I come across these days include language stating that the aircraft is being purchased “as-is” or “as-is, where-is.” Additional disclaimer language will say that the seller is not making, nor is the buyer relying upon, any representations or warranties regarding the condition of the aircraft, and may even go so far as to state that the buyer is only relying upon its own investigation and evaluation of the aircraft.
But does this language really mean what it says? Is it enforceable? The answer to both questions is “yes.”
If you would like to read more about why this language is included in purchase agreements and its potential scope, please read my latest article on the topic: Does The “As-Is” Language In An Aircraft Purchase Agreement Make A Difference?
