Interchange Agreement

An interchange agreement is a legal arrangement between Part 91 aircraft owners allowing them to use each other's aircraft, sharing operating costs and custody time.

In private aviation, Interchange Agreement isn't academic — it translates to real operational or financial implications for your flight. Understanding it helps you participate in the planning process rather than delegating every decision to your broker.

Charter pricing reflects operational complexity, and Interchange Agreement is one factor that contributes to that complexity. Depending on how Interchange Agreement applies to your specific itinerary, it could influence the quoted rate, required crew configuration, or aircraft selection.

The core concept behind Interchange Agreement is recognized internationally, but implementation varies. The FAA, EASA, and national aviation authorities each apply their own regulations, which means Interchange Agreement may carry different specific requirements depending on where you're operating.

The Jet Finder's aviation glossary covers 200+ terms. For specific questions about how Interchange Agreement affects your charter or acquisition, contact our team directly.

You don't need to be an expert in Interchange Agreement to book a charter. But clients who understand aviation terminology tend to get better service, because they can communicate their requirements precisely and evaluate proposals with confidence.

Interchange Agreement falls under the regulatory authority of the FAA (US), EASA (Europe), and equivalent national authorities worldwide. ICAO coordinates international standards. Your charter operator is responsible for compliance with all applicable regulations related to Interchange Agreement.

Yes. Our aviation advisors can explain how Interchange Agreement applies to your specific situation, whether you're chartering, buying, or selling an aircraft.