Aircraft Leasing / CAMO Aircraft Storage Programme
Aircraft storage has always been widely used for many reasons, but never as much as recently with Covid and the issues that we faced as a result.
This meant that many aircraft were placed into storage under a variety of different conditions from Flight Ready Parking (FRP) through to long term storage.
In a similar manner multiple components were also placed in storage such as Engines for example.
Aircraft Leasing – Aircraft Recovery Checklist
Recovering an aircraft in a non-normal scenario such as an early lease termination or repossession can be a challenge for many reasons.
The requirements to operate the aircraft typically fall under a permit to fly and this requires that you can provide certain information.
Safe Life Items / Life Limited Parts / Back to Birth – Aircraft lease requirements and data sources.
An aircraft will contain many LLP Life Limited Parts which can also be known as Safe Life Items SLI parts; typically, these are in components such as the engines and landing gear, although these items may be present in the cabin also depending on your configuration.
An LLP/SLI part was designed to have a defined “life” and after this “life” is complete it will be destroyed regardless of condition.
Aircraft Lease Review – Landing Gear Life Limited Parts
Landing Gear SLI or Safe Life Items are better known as LLP or “Life Limited Parts”. These parts are those that have a defined life that is usually measured in cycles or hours of operation or even calendar days. When an LLP reaches that limit it is destroyed and cannot be used further.
We need a status summary detailing the Life Limited Parts on the landing gear so we can determine both their serviceability and remaining life and so can compare then to the lease hand back conditions.
Engine Trend Data for lease return
An aircraft engine can be leased with an airframe or on its own as fleet spares.
An engine can be one of the highest single cost factors on a lease return and as such the requirements governing its condition are of vital importance during any transition be it leasing or returning.