There are many different registrations that we see in aviation and each of these different registrations will have its own set of rules and requirements.
These are upheld and managed by a national aviation authority (NAA) who is responsible for a specific registration. Many NAA’s will share some common ground such as EASA member states, although the NAA for a specific country / registration can have additional requirements or specific timelines associated with a task.
In order to operate a commercial aircraft it should have a valid Certificate of Airworthiness (CoA) and the ARC certificate, which has a period for which it is valid – in the case of EASA this is one year. It represents a review of the aircraft records and a survey of the aircraft also being successfully carried out.
The relevant NAA will issue a certificate of airworthiness (CoA) for the aircraft in the state in which it is registered.
The CoA attests that the aircraft is airworthy and conforms to its type design.
For EASA member states, an aircraft is issued a certificate of airworthiness that is non-expiring but is validated annually with an Airworthiness Review Certificate (ARC).
The ARC review can be performed by a Continuing Airworthiness Management Organisation (CAMO)
with an appropriate approval.
You can see how the aircraft needs to meet these requirements to operate and as the such out lease agreement is in place to protect the asset value and ensure it can meet these requirements.
Please check out our full range of Aircraft Technical Lease Training courses here