AIRCRAFT LEASE RETURN ASSISTANCE
Lease returns, if not managed properly, can have a major financial impact on your organisation. We can assist you as Lessor or Lessee to minimize this impact. These transactions are complex and time-consuming. Our experts can assist your organisation to manage the process effectively.
STEP1: Preparation for the return
Preparation should be done well in advance, at least 6-12 months before the actual date of return. Ciel can assist the lessor or lessee to plan accordingly. The workflow process can be defined as follows:
- Initial planning meeting between all associated parties.
- Analysis of the lease return conditions as per the lease agreement.
- Establishing and agreeing on a project plan.
- Initial review of the aircraft records to identify any correction requirements.
- Selecting an MRO to perform the inspection and negotiating a slot and the contract.
- Initial physical inspection to ascertain the status of the aircraft.
- Finalising the actual date for the re-delivery.
STEP 2: Redelivery
The re-delivery phase will begin based on the above preparation phase. Once the aircraft is entered into this phase, all requirements will be thoroughly documented. A detailed re-delivery folder will be established, and all reports will be filed and presented at regular intervals. At the end of the inspection, the folder will be finalized and presented to the client for their records.
- Detailed review of aircraft records to ensure conformity to regulatory requirements.
- Ensuring that the aircraft conforms to its original Type Design Certification.
- Reviewing all modifications and supplementary type certificate requirements for conformity.
- Review damage history and major/minor repair records to ensure adherence to acceptable regulatory requirements.
- Review the status of installed life-limited and time-controlled components to check they meet the lease return conditions.
- Review the next due maintenance events and make a recommendation regarding the pro-rating requirements.
- Review defect history and check if they have been rectified in an acceptable manner.
- Review component records to ensure all associated certification requirements meet the lease conditions.
- Check for PMA parts if applicable and make recommendations in accordance with the leasing terms.
- Physical inspection of the aircraft including all major components, structure, windshields, windows, landing gears, flight controls, engines, aircraft interior furnishings, IFE systems, and making a recommendation as per the leasing terms.
- Once all the above has been performed, a detailed analysis can be carried out to establish the gap between the actual condition of the aircraft and the least return conditions.
- The final work scope for the return will be defined based on this gap analysis and agreed upon between all parties. The project plan will be revised accordingly.