Are you fully aware of your level of lease return exposure?
Presented by Sofema Aviation Services (SAS)
Whilst this is a Real Story, typically in every case the airline suffers significant losses – It does not have to be this way!
What are the penalties faced by the Airline related to Structural Repair Shortfall?
Lessor insisted repairs were redone in accordance with the current version of the SRM and the GRN’s of all the materials used recorded.
Resulted in disruption to the Airlines planned work, including a two week overrun and 14 days of Penalty Rent.
What Went Wrong?
Structural Repairs not fully documented.
The revision number of the SRM not recorded and no GRN’s of the materials (Aluminium and rivets) used.
Additional Factors contributing to the Costs & Delay
Difficulty finding correctly skilled personnel to perform the repairs and a Hangar to carry out the repairs in.
Here is an Important Question of Operators & CAMO’s:
Are you planning on returning an aircraft within the next 6 to 12 months?
Sofema Aviation Services has the pleasure to invite you to our forthcoming Aircraft Leasing Practical Workshop on November 10th, 2020
If you Attend Virtually 1 Lease Return Event in 2020 – This is the one
Time of Commencement: 09:00 London (GMT+0)
Aircraft Leasing Practical Workshop features & benefits:
- Gain an understanding related to dealing with all Leasing Issues
- Presented by a Subject Matter Expert with 20 Widebody lease returns successfully completed
- Minimise your exposure – Potential for Significant Saving during the return Process
- Avoid Traps & Pitfalls which can be extremely costly
The Workshop is taking place online – Tuesday 10 November 2020 & All attendees will be entitled to:
- MP4 File of the entire proceedings
- Contact List of Attendees for Networking
- Associated Documentation and Guidance Information
- Certificate confirming attendance of the event
The cost per Delegate is 495 Euro with a discount for Multi Delegate Attendance (15% for 2 persons – 25% for 3 persons).
Moderator: Steve Bentley CEO of Sofema
Subject Matter Expert: Chris Davey, Managing Director of CD Aviation Consultancy Ltd – Previously Head of Aircraft Asset Management of Virgin Atlantic Airways
Conditions of Attendance:
Any subject can be covered and discussed to a specific understanding however Specific Lease Companies / Airlines / or Aircraft Types by MSN may not be referenced directly – the purpose of the event is to foster a detailed generic understanding of challenges and solutions.
Morning session
- Intro – Overview of Aircraft Redelivery Market
- Planning & Internal Preparation
- Why to Start early – Two years out for WB 18 months for an NB. (How to recover lost time)
- Return requirements. Confirm the basics
- Major Checks and condition of the major Components – Title Engines, C Check Life, Livery, Landing Gear Life
- Read the lease – Especially Definitions, AD Compliance, Configuration
- Documentation – To include Tech Records – Electronic or physical Review – Certificates and Form of Certificates
- Redelivery Conditions 1 (Overview) Parts, 120% Rule, PMA, EPA, Burn Certs, Repairs, DER
- Lessor Engagement – Discuss internal understanding established in the above items with Lessor
- Agree on EOL sequence of events – Major Check, Livery, Ground Checks, Demo Flight, Defect Rectification, Redelivery
- Mutual understanding and get it in writing so there are no surprises
Afternoon Session
- Redelivery Conditions (Common traps)
- Engine Borescope Inspections – Export C of A, Modifications, STC’s, Terminating action of Inspection AD’s and Repair inspections
- Technical Records – The Delivery Binder
- Maintenance Reserves – Claims for Maintenance Events – EOL Compensation / Part Lives.
- Money or Metal – Contractual Issues – Is there a Win / Win?
- Impact of Parking/ Storage
- Q&A
Next steps
For additional information, please email office@sassofia.com
Tags:
Aircraft Leasing, Aircraft Redelivery Conditions, Aircraft Redelivery Market, Aviation Management, Lease Return, Lessor Engagement, Online workshop, Technical Records, Workshop
