Sofema Aviation Services (SAS) www.sassofia.com considers issues which are created due to ambiguous or phraseology which is subject to variable interpretation during Aircraft Lease Contract Developments. Introduction  – The problem with Vague, Un-Qualified and Open-Ended Commitments What does “Good Condition” mean – clearly this is a very subjective term – What if the lessee has more…

Introduced by Sofema Aviation Services (SAS) www.sassofia.com Introduction – What is IFRS 16? IFRS 16 brings in a requirement which provides a single lessee accounting model. Requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee…

Sofema Aviation Services has the answer. Introduction The management of aircraft technical records whether from an operator’s perspective (Lessee) or representing the aircraft owner (Lessor) is 2 sides of the same story and whilst the operator is mandated to ensure the continuing airworthiness of the aircraft, the lessor is absolutely focused on managing the “asset”…

Sofema Aviation Services looks at the best practice associated with Technical Records Redelivery Preparation. Forthcoming Technical Records Training Notification: Aircraft Technical Records Specialist Lessee Management for CAMO & TR Staff – 2 Days, Dubai, UAE 2nd of February & 3rd of February 2020 Introduction During the Period leading up to the actual aircraft redelivery, it…