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…

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…

Introduction By 2025, more than half of all the commercial aircraft in airline service globally will be controlled by the multiple aircraft leasing companies. The lessor’s primary business is preserving the value of their asset, means ensuring that the aircraft will retain the maximum possible value whilst generating lease income and maintaining adequate reserves. Commercial…

Introducing the EASA aviation auditing services of Sofema Aviation Services.  Ensuring that your aircraft retain the maximum value possible is a given, however often the aircraft is subjected over time to maintenance which whilst in essence complying with EASA requirements, has scope for improvement. There is a misconception that compliance with EASA is the “Holy Grail”…