IATA Aircraft Lease Guidance

Scope
IATA’s ‘Guidance Material and Best Practices for Aircraft Lease’ provides information about many aspects
related to aircraft leases with a focus on the technical perspective. This document is written for engineers
working at the airline technical / engineering department as well as technical representatives from leasing
companies, and offers guidance on lease related issues during the aircraft lease life-cycle. It describes the
different subjects from a broad practical perspective, taking into account technical, regulatory (mostly FAA
and EASA), legal and commercial considerations.
This document is structured in such a way that it covers the aircraft leasing process and areas of attention at
delivery of an aircraft, during operation and at redelivery together with a look at common misunderstandings,
legal considerations, insurance and relevant conventions. The annexes can be used as practical guidelines
and templates.
IATA’s Aircraft Leasing Advisory Group is the owner of this document, which is under continuous review by
airlines and IATA strategic partners who can provide their input during regular meetings. Other comments
are also welcome at: alag@iata.org.
4 th Edition 2017 xv