IATA Aircraft Lease Guidance

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Guidance Material and Best Practices for Aircraft LeasesINTENTIONALLY LEFT BLANKxviii 4 th Edition 2017
Section 1—Background1Background2Pre-delivery3Delivery4Operations5RedeliveryIt is expected that approximately half of all aircraft worldwide will be under an operating lease in the nextdecade, as illustrated in Figure 2. While a lease allows airlines to add aircraft to their fleet without anyownership risks, introducing much-needed flexibility, it also introduces a series of unique challenges for theairline. Many of these challenges arise because the Lessor and the Lessee look at the lease from differentperspectives.45%40%35%30%25%20%15%10%5%0%20002001200220032004Operating Lease Share [%]2005200620072008200920102011201220132014201520162017201820192020YearFigure 2. Share of Worldwide Fleet under an Operating Lease (Ascend, 2017)4 th Edition 2017 1
Page 1 and 2: Guidance Material and BestPractices
Page 3 and 4: Table of ContentsList of Figures ..
Page 5 and 6: Table of Contents4.4 Engine Power b
Page 7 and 8: Table of ContentsAnnex X: LLP Back-
Page 9 and 10: List of FiguresFigure 1. Document S
Page 11 and 12: List of TablesTable 1. Different Ty
Page 13 and 14: AbbreviationsACACMIADAIRAMCAMMAMOCA
Page 15 and 16: AbbreviationsIPCLDNDLLPLOCLOILOPALR
Page 17 and 18: ScopeIATA’s ‘Guidance Material
Page 19: IntroductionIATA recommends a proce
Page 23 and 24: Backgrounddetermined period. As a r
Page 25 and 26: Backgroundthe repair is within SRM
Page 27 and 28: Pre-Deliveryin certain circumstance
Page 29 and 30: Pre-Deliverylimit, however it will
Page 31 and 32: Pre-DeliveryThe net lease is often
Page 33 and 34: Pre-Delivery●●Fixed costFlexibl
Page 35 and 36: Pre-Deliveryreserves rates depends
Page 37 and 38: Pre-DeliveryAs of July 2015, sixty-
Page 39 and 40: Deliveryredelivery conditions of th
Page 41 and 42: DeliveryOther items, such as wheels
Page 43 and 44: Deliverymodification and without an
Page 45 and 46: Deliveryand registration process in
Page 47 and 48: Deliveryimportant, as the continuou
Page 49 and 50: Delivery3.2.6 InspectionDuring the
Page 51 and 52: DeliveryooooGear TSN / CSN at Overh
Page 53 and 54: Deliveryminimum standards set by IC
Page 55 and 56: Deliveryimporting states recognize
Page 57 and 58: DeliveryIn Europe, under EASA rules
Page 59 and 60: Deliveryspecial procedures, phraseo
Page 61 and 62: Deliveryprogram, which effectively
Page 63 and 64: Section 4—Operations1Background2P
Page 65 and 66: OperationsFor maintenance reserve c
Page 67 and 68: OperationsIt is advisable to the Le
Page 69 and 70: Operations4.2.7 Other Important EoD
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Operations●●●Reduced flexibil
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Operationspractices; for example th
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Operations4.5 Engine SubstitutionIf
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RedeliveryA specific example of one
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Redelivery●Project plan issued -
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RedeliveryoLessor or Lessor represe
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Redeliveryincludes a “redelivery
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Redeliverythe redelivery of the Air
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Redeliveryrecovery plan. Lessee Pro
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Redeliveryrepresentatives fails to
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Redelivery4. Remediesa) If Lessee f
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References in AnnexesAnnex V Struct
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Annex I: Example Physical Inspectio
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Annex I: Example Physical Inspectio
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Annex II: Typical Redelivery Record
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Annex III: Typical Index of Deliver
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Annex IV: Engine Documentation Chec
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Annex V: Structural Repair File Gui
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Annex VI: Modifications Guidelinesd
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Annex VI: Modifications Guidelineso
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Annex VII: Aircraft Maintenance Pro
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Annex VIII: Airworthiness Directive
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Page 133 and 134:
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Annex IX: Components GuidelinesAirc
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Annex IX: Components GuidelinesFAA
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Annex IX: Components GuidelinesOper
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Annex X: LLP Back-to-Birth Guidelin
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AcknowledgementsIATA:Chris MarkouGe
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www.iata.org/publishingcustserv@iat
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IATA Aircraft Lease Guidance

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