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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Considering a Painful Aviation Lease Lesson & Steps to Protect the Lessee

Presented by Steve Bentley – CEO of Sofema Aviation Services www.sassofia.com Forthcoming Training Notification Managing Aircraft Lease Agreements and Maintenance Reserves – 3 Days – Bangkok, Thailand November 25th to November 27th 2019 Introduction The Lease Agreement is an onerous legal document which carries significant obligations, the term buyer beware should be understood at the…

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Considering the EASA Part 145 SMS Communication – Marketing & Documentation requirements following the introduction of NPA 2019-05 (C)

Sofema Aviation Services www.sassofia.com takes a look at what SMS related activities should be addressed in the context of the Organisational 145 SMS. Safety Communication (AMC1 145.A.200(a)(4) Management system) Communication both Vertically and Horizontally throughout the business is very important in the context of delivering an effective Aviation Safety Management System (SMS) With the introduction of SMS within…

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Safety Culture Considerations within an EASA Part 145 Organisation

Contribution by Sofema Aviation Services www.sassofia.com Introduction – EASA NPA 2019-05 (C) sees the inclusion of Safety Management Systems into the Part 145 Environment. What Does EASA Say? The organisation and the way in which it operates can have a significant impact on human performance. Therefore, safety management necessarily addresses how humans can contribute both…

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