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 (SAS) www.sassofia.com brings together subject matter experts to share best practice with our industry colleagues.
- Why succumb to unnecessary losses each time you return an aircraft?
- Reality Check – The Average overspend at lease end over $1.5m for Narrow Body Aircraft and over $3.5m for Wide Body Aircraft.
- Be proactive & the following stories do not need to be your stories!
See the following event and contact office@sassofia.com to reserve your webinar place now.
Lease Return Story 1
One Engine failed the final borescope and off course the Lessor would not accept the aircraft and no substitute engine available.
The engine needed an Engine Shop Visit to rectify and meet the required Redelivery Conditions. Engine removed but ESV Slot not immediately available.
ESV input found after one month and required a one-month input, Engine was then reinstalled back on wing.
End of Lease C Check now more than 30 days from Redelivery Date, another of the redelivery conditions therefore another C Check required at short notice.
MRO input not immediately available, one confirmed after 6 weeks.
The pain was not over – the aircraft was finally redelivered over three months late with the Airline (on top of all the other expenses) paying double rent for the period of the overrun.
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
Cost per Delegate: 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
Book your Slots now – email office@sassofia.com
Tags:
Aircraft Leasing, Aircraft Redelivery Conditions, Aircraft Redelivery Market, Aviation Management, Lease Return, Lessor Engagement, Online workshop, Technical Records, Workshop
