An aircraft lessor will want to protect their asset, and this is achieved with a lease agreement – of course, the lessee will also wish to protect themselves where they can.
We can think about an element of this protection now; think about the aircraft records prior to an aircraft being technically accepted.
When assessing aircraft structural damage, a review can be quite complex and significantly vary dependant on source or revision for the repair reference. Damage may remain “as is” which means it is acceptable in current condition or it might need a repair to be completed.
When considering lease return conditions or lease contracts, awareness of the contract is an integral part of the process.
Initially the contract can seem to be quite complex and one important area of awareness is how contracts define words – this is typically in two main ways:
1. Defined Term List (a separate section at the beginning usually of the contract)
2. Defined Terms within the document (the first time a word is used the definition it is defined; all further uses relate to this definition)
During any transition or technical review of an aircraft when considering damage assessments to an aircraft, an important consideration is any additional inspections called up due to the damage or repair as well as the classification of a repair.