EASA Ferry Flight Awareness / General & Repossession Considerations

For many reasons it is most likely that a repossessed aircraft will operate under a “Permit to Fly” – this can often be the case where maintenance is overdue, or a relocation flight is required, and the aircraft is not an on AOC (Aircraft Operation Certificate) such as the case might be when the company operating it has failed.

Regarding EASA registered aircraft, it is important to be aware of some of the requirements for aircraft flights as operations are split into 2 major categories: that of commercial and non-commercial.

Non-commercial operations are broken into NC Non-Commercial & SPO Special Operations

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Aircraft Repossession & Asset monitoring – Ferry Flight Preparation

When we want to move an aircraft after a repossession will occur, we need to ensure some details are in place. Often we will need some details such as the details for the installed Engines/APU and landing gear for example, we will need the current maintenance status, hours and cycles for the aircraft and scheduled maintenance also for example. 

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Aircraft Repossession – Considerations for taking an aircraft

An aircraft repossession is never a cheap option and is not favoured. Often an aircraft might be impounded by the airport for unpaid fees (landing for example). It is why where possible if there is another way then it will be explored and options will depend on customer and market.

For example in COVID, most lease agreements could not be honoured as the airlines did not have an income. It is not in the lessors interest to take the aircraft or they have to maintain them with no customers at that time. That was a key reason why many leases went onto “power by the hour” andthis allowed airlines to pause the expensive repayments, but remain responsible for storage and maintenance. It also meant that the lessor did not get the payments and maintenance reserves as before.

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Aircraft Repossession & Asset monitoring – Aircraft Leasing

The lessor who is responsible for an asset often worth tens or hundreds of millions of US dollars will want to keep a keen eye on their asset. Not only is the asset protected by a lease agreement detailing multiple conditions to be met at aircraft return and conditions throughout the lease, but there will also be clauses that might allow an aircraft to be taken back in extreme circumstances.

It is therefore very important to maintain frequent and regular communication with the lessee not only to manage the relationship, but also to maintain oversight of the asset.

 

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Lessee Checks – Aircraft Lease returns.

Lessee Checks – Aircraft Lease returns.
 
Before an aircraft is leased to an airline there must be many checks carried out. Some of these checks will ensure that the airline has the ability to pay the lease costs and also that there are not any issues that might suggest there being any issue. These kinds of checks are commonly called “due diligence” where a view is taken to protect the asset with some basic checks.

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