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15 | P a g e <br /> <br />Insurance- Aircraft Charter & Air Taxi Service <br />• Comprehensive general liability insurance with minimum of $1,000,000 <br />combined single limit coverage per occurrence. <br />• Automobile liability-$1,000,000, any auto. <br />• Fire, casualty, and comprehensive coverage on Lessee -owned buildings equal <br />to the replacement cost of the building. <br />• Hangar keepers Liability if aircraft under care, custody, or control such as <br />consignment aircraft sales. <br /> <br />3 Aircraft Rental and/or Sales <br />Persons conducting an aircraft rental and sales activity shall provide: <br />Customer area shall be at least 250 square feet to include adequate space for <br />consummating sales and/or rentals and the keeping of proper records , in connection <br />there with, and restrooms facilities. <br />Hangar or apron storage space for at least one aircraft to be used for sales or rental(s). <br />For rental, a minimum of one (1) airworthy aircraft suitably maintained and certified, and <br />based at the Airport. <br />For sales activity of a new aircraft, a sales or distributorship franchise from a recognized <br />manufacturer of new aircraft. <br />Adequate facilities for servicing and repairing the aircraft or satisfactory arrangements <br />with other operators licensed for such service and repair. <br /> <br />Facilities Square Footage <br />Facilities Square Footage <br />Customer Area (Lessee) 250 ft2 <br />Hangar 3,000 ft2 <br /> <br />A legally certified pilot capable of demonstrating new aircraft for sale or performing pre- <br />rental check ride flights shall be reasonably available. <br />Adequate stock of readily expendable spare parts or adequate arrangements for <br />securing spare parts required for the type of aircraft and models sold.