Trade agreements are relatively new and are increasingly being used by commercial aircraft operators in Brazil. At the request of the industry, the Brazilian Civil Aviation AUTHORITY (ANAC) and the Brazilian Aviation Registry (RAB) have recently clarified several rules relating to exchange agreements. Because of their novelty, trade agreements are not always included in the sector. Exchange agreements have similarities to interconnection and code-sharing agreements, but there are significant differences. The main obstacle to trade agreements was first of all the reluctance of the civil aviation authorities to allow their operators to use foreign-registered aircraft. Due to the extremely short duration of each exchange, it is not practical to change the national record of an aircraft. In an exchange agreement, the registration of the interchangeable aircraft remains unchanged, even if the interchange and exchanges come from different countries. Both the Interchangor and the exchange have separate air carrier certificates in their respective countries. In view of the promises, agreements, agreements, guarantees, guarantees and provisions included, the parties agree: (ii) the performance or performance of an obligation, contract or agreement reached by the defaulting party under that agreement. The defaulting party undertakes to bear all costs and expenses incurred by the other party for this benefit and recognizes that such a performance by that other party is not considered a cure for the late event. Due to the growing interest in interchangeable aircraft registered outside Brazil, RAB expects to develop a database for the registration of foreign aircraft exchange contracts exchanged with Brazilian operators. At the end of October 2017, only one foreign exchange aircraft with an exchange contract was registered with the RAB. Others are currently registered.
Aircraft exchange agreements are a useful technique for airlines based in different jurisdictions to effectively use their combined fleets across national borders. The use of trade agreements has increased considerably in recent years in Brazil and is expected to continue to increase. The initial application of these agreements has focused on cargo aircraft, but has extended to airliners.