Aircraft Maintenance Plan & Lease Compliance

An aircraft maintenance plan and the lease compliance are not always hand in hand – this is for several reasons such as operator specific requirements customizing the maintenance plan for the aircraft and conditions, they operate in as such awareness of this, and an overview of the maintenance plan is essential during any lease or lease return.

An aircraft will always require maintenance to remain in an airworthy condition and to operate safely. There are 2 main types of maintenance that are required the planned and the unplanned!

One we can control and schedule, while the other we can do a lot to predict and monitor, but there will always be elements we cannot control and so must react to a situation – such as lightning strikes, bird strikes or component failure.

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Financial Security of an aircraft lease – managing assets

The financial security of an aircraft lease and managing assets is a complex topic, there is multiple different considerations and as aircraft are high-cost items, awareness is paramount. In some cases, there might be more than one interested party even for one aircraft (such as engines installed leased from a separate lessor that the fuselage). Also, by their very nature aircraft can operate worldwide.

Depending on where an aircraft is registered and or operates it can be challenging to seize back aircraft, not least if they end up held by an airport or an authority due to unpaid fees. The lessor will always be aware of risk and look to mitigate the risk by not only knowing the environment and maintaining an active appraisal of it, but also the lessee and how stable the lessee is.

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End of lease return check – additional work requests from the lessor

During an end of lease return check there might well be additional work requests from the lessor.

When an aircraft is leased to a lessee from the lessor it is provided in a certain configuration and to a standard. Ultimately this scenario is replicated at the lease hand back when the aircraft is returned.

The lessor is interested in maintaining the asset value and always having a marketable asset, in many cases one aircraft will be transitioned from one lessee directly to another.

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Aircraft Lease Obligations – Awareness of their impact

With aircraft lease obligations, the awareness of their impact above and beyond airworthiness requirements is of concern as their impact can be costly in both matters of finance and time.

Within a lease agreement there is many different conditions that will be specified for an aircraft lease – they are the interface for the return and lease of the aircraft.

Remember that the lease is concerned more with asset value protection that the primary concern of airworthiness only. The lease is there to protect the asset or investment that the owner has made.

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Aircraft Leasing – Awareness of maintenance plans.

Within aircraft leasing, the importance of having a good awareness of maintenance plans is a paramount concern. The AMP or aircraft maintenance program is a list of tasks and requirements of what must be done to the aircraft and when. It is derived of many sources which all detail intervals or thresholds for these tasks, an example of the sources for the maintenance program includes the maintenance planning data which is from the aircraft manufacturer along with many others such as airworthiness directives and also service bulletins and repairs carried out or modifications also.

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