Certification of Aircraft Repairs & Modifications Lease companies require all repairs to be approved in accordance with the regulatory obligations, for EASA it is quite straight forward in that all repairs (outside of the Structural Repair Manual SRM) must be covered by a Part 21 approved organisation. This includes both Major and Minor repairs. For…

So to consider firstly the difference between AD’s & SB’s (there is in fact a significant difference). AD’s are mandatory and SB’s are essentially optional and it is up to the operator to evaluate and decide. Why do we have SB’s? Every SB tells a story of either compensation for under performance or an opportunity…

The Maintenance Responsibility of the Lessee includes but is not limited to the following : a) Responsible for the servicing, repair, inspection, maintenance and overhaul of the Aircraft. (Own Cost) b) Must comply with Approved Documentation and Regulatory Requirements c) Compliance with Mandatory S/B – Note from a regulatory perspective there is no such thing…

Aircraft Leasing Maintenance Reserve Considerations The fundamental objective of a lease is to ensure that the payments do in fact cover the capital and financing costs of the underlying asset. Ultimately it is the lessor who carries. Any residual risks, consider the potential for a default – for example Bankruptcy where all current and ongoing…