IATA Aircraft Lease Guidance

Delivery
modification and without any express or implied warranties. This term is consistent with the legal principle of
Caveat Emptor (“buyer beware”) and means that upon acceptance the Lessee assumes all risks relating to
the quality and condition of the aircraft. Any defects are which discovered after delivery are at the risk of the
Lessee, whether or not those defects were capable of discovery prior to delivery and the Lessee typically has
no basis for legal recourse to the Lessor or prior operator unless the defect was identified and formally noted
in the acceptance documentation as an exception to Lessee’s acceptance of the aircraft.
Therefore, it is important to note that the Lessee’s only protection with regards to the ‘’as is, where is’’
concept is to thoroughly inspect the aircraft and associated records before delivery, and to make sure that
the aircraft is not accepted if it does not meet the specified delivery conditions.
3.2 Aircraft Acceptance and Audits Process
Key aspects of both the physical inspection of the Aircraft and the review of technical records are outlined
below.
3.2.1 Physical Acceptance
Before the beginning of the delivery process, Lessee’s representatives should have a clear understanding of
the contractual delivery condition and any inspection rights and protocols which have been agreed in the
lease. It is recommended that the team responsible for negotiating and agreeing the lease provides a detailed
briefing to the delivery and acceptance inspection team. The Lessee should also ensure that the following
practical aspects of the delivery arrangements are known:
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Location of the inspection and how to reach this place.
Time frame required for visa documents and other travel permissions, if required?
Which MRO (or airline) will perform the delivery check or another kind of maintenance agreed between
Lessor and Lessee, and whether this facility holds the relevant maintenance approvals.
Can MRO facilitate the whole delivery team for the duration of the check required?
Are communication means as scanners, printers, telephones, internet available at the facility?
How the transportation of the Lessee inspectors will be organized between MRO facility and hotel?
(Usually Lessee responsibility).
Is there any limited access to the places where the aircraft and maintenance records are?
Is permission required for photography at the maintenance facility
Where is the location of the records and where is the aircraft? Both of them should be at the same place,
or at maximum, short walking distance if practical.
Project plan and timeline for the performance of the check and delivery process, including any key
inspection milestones (structural inspection, interior inspection, paint approval, demonstration flight,
power assurance runs, borescope)
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