Are you fully aware of your level of lease return exposure – read what happened to one operator who had a mismatch between the “Dent & Buckle” Chart and the physical aircraft survey.
Presented by Sofema Aviation Services (SAS) considering Lease return.
Aircraft Lease Return Implications When Structural Repairs Are Not Fully Documented
Whilst this is a Real Story, typically in every case the airline suffers significant losses – It does not have to be this way !
What were the penalties faced by the Airline related to mismanagement of Dent & Buckle Status?
Lessor insisted on having these repairs fully documented.
A thorough check of all MRO inputs did not locate sufficient data to classify these repairs as being fully documented.
Many repairs had to be complete redone involving removal and re-installation.
Cost to the Operator – One week overrun & 7 days Penalty Rent.
What Went Wrong?
All repairs listed in Dent & Buckle Chart were identified on the Aircraft Log Book D & B Chart, However, there were more repairs present on the Airframe that were not recorded on Dent and Buckle Chart.
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)
Register at office@sassofia.com
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
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Sofema Aviation Services & Sofema Online provide classroom, webinar & online training. For additional information please email team@sassofia.com
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aviation, Workshop, Aircraft Lease, Aircraft Technical Records, Aircraft Lease Returns, Aircraft Redelivery, Aircraft Leasing, SAS blogs, SAS training, Aircraft Leasing Practical Workshop
