Considering Changes introduced by COMMISSION IMPLEMENTING REGULATION (EU) 2019/1384 of 24 July 2019 amending Regulations (EU) No 965/2012 and (EU) No 1321/2014

Sofema Aviation Services www.sassofia.com considers the new regulation. Subjects Covered: a) Aircraft listed on an air operator certificate (AOC) for non-commercial operations and specialised operations Introduces new rules to allow the change of use of the aircraft from CAT operations to non-commercial operations or specialised operations. Flexible to enable the use of the same aircraft by operators…

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Aircraft Delivery and Re Delivery Key Event Milestones and Timeline

Steve Bentley – CEO of Sofema (www.sassofia.com & www.sofemaonline.com), comments on the process of Aircraft Delivery and Redelivery. Introduction It is ultimately beneficial for both the Lessor & Lessee for the redelivery to run as smoothly and efficiently as possible – for this to happen it requires a significant level of engagement by the operator (lessee). There…

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The Impact of Lack of Planning During Aircraft Lease Returns

Does this issue concern you as an operator?  Most receive penalties during an Aircraft Lease Return and for some, it is “Major League” Sofema Aviation Services www.sassofia.com looks at the potential exposure when Lessees fail to plan effectively. Managing Aircraft Lease Agreements and Maintenance Reserves – 3 Days – Bangkok, Thailand November 25th to November 27th 2019…

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Aircraft Maintenance Reserves Monthly Cash Flow Forecasting

Presented by Sofema Aviation Services www.sassofia.com: Managing Aircraft Lease Agreements and Maintenance Reserves – 3 Days – Bangkok, Thailand November 25th to November 27th 2019 Sofema Aviation Servicestakes a look at how the monthly cash flow management process works. Introduction Some Airlines avoid Maintenance reserves – how? By offering additional security and/or a Letter of…

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Aircraft Lease Types and Options Full Wet, ACMI, Dry, Damp

Sofema Aviation Services (www.sassofia.com) considers the pros & cons which are met by the different options of Aircraft Leases. Forthcoming Training Notification – Managing Aircraft Lease Agreements and Maintenance Reserves – 3 Days – Bangkok, Thailand 9 am to 5 pm from November 25th to November 27th 2019. Please see here for details Basic Leasing…

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Aviation Lease Considerations – Why Aircraft Redeliveries Can be Extremely Expensive?

Forthcoming Training Notification Managing Aircraft Lease Agreements and Maintenance Reserves – 3 Days – Bangkok, Thailand 9 am to 5 pm from November 25th to November 27th 2019 Sofema Aviation Services www.sassofia.com looks at lease returns and potential financial exposure. Introduction It is a reality that unfortunately aircraft end of lease returns can be extremely…

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Considering the Pros & Cons of the Aircraft Lease Options – Which is the best option for me?

Presented by Sofema Aviation Services www.sassofia.com Managing Aircraft Lease Agreements and Maintenance Reserves – 3 Days – Bangkok, Thailand November 25th to November 27th 2019 Introduction Difference Between Ownership, Operating and Financial Lease Operating leases and capital finance leases are two options with different features and benefits. Essentially the differences between the two basic forms…

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Ensuring the Integrity of EASA Aircraft Technical Records – Correcting Errors & Omissions

Sofema Aviation Services www.sassofia.com takes an Overview of Best Practice Technical Records Management Processes. Brief Introduction to EASA Regulatory Requirement Concerning Correctness of Entries The regulations concerning the correction of Aircraft Technical Records are very straightforward and leads to no miss understanding, however, it is still necessary to develop the information, to ensure that different…

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Aircraft Lease Terms Legal Definitions – IFRS 16 – Lessee’s Covenants, Cape Town Convention, Quiet Enjoyment

Legal Aspects Review by Sofema Aviation Services www.sassofia.com How will IFRS 16 Leases Affect Aviation Companies? Leases previously treated as operating leases will generally now be an on-balance sheet. A lessee will recognise a right-of-use asset and a lease liability, and consequently depreciation and interest expense in profit or loss. The new Standard, in addition…

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Sofema Aviation Services Competence Discussion Document

Presented by Steve Bentley CEO of Sofema Aviation Services www.sassofia.com Introduction – Purpose – To implement Enhanced Competence Assessment Program Background In order to establish a process to ensure effective management of competence relevant to all affected persons within the business. This means we need to identify – who can assess – how they will…

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