IATA Aircraft Lease Guidance

Guidance Material and Best Practices for Aircraft Leases
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How the demonstrations flight will be organized, is there any limitation on number of participants due to
local regulations; is there any special pass for the demonstration flight? Does insurance also cover those
on board the demo flight? These aspects should be dealt with in the lease
How will the Ferry Flight (if any) be performed from delivery location to the base of future aircraft
operation?
Is there custom clearance for spare parts and components needed?
What MRO company will perform the post-delivery aircraft maintenance?
3.2.2 Delivery Schedule
The Lessee should get from the Lessor a detailed delivery schedule in order to plan the arrival of the staff to
the place of delivery. Having a clearly defined delivery schedule will help all parties plan resource
requirements and manage costs associated with the delivery exercise.
Essentially, Lessees and Lessors would like to minimize cost and time for supporting the aircraft transfer,
including staying at the delivery location, or cost of accommodation of employed technical consultants/
inspectors. However, it’s critical that the Lessee inspects the aircraft, to verify that it meets the delivery
conditions, and it’s impossible to predict what kind of unexpected problems and findings Lessee and Lessor
can be faced with. The example for delivery schedule is given below:
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Schedule start of Delivery Check (C-Check) and End date of such Check
● Schedule of painting works, if available. Sometimes painting can be accomplished together with C-
Check, sometimes after delivery check
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Date of final physical inspection of the aircraft, functional checks observed by Lessee
Physical inspection should preferably be done during C-Check
The sequence of steps for physical inspection should be mutually agreed before the beginning of the
inspection and should be stated in the lease agreement. Otherwise Lessee might have a lot of
discussions with Lessor regarding the time of the aircraft inspection, whether it should be done during C-
Check or just immediately after C-Check. Lessee should insist on physical inspection and observation
during the delivery check. The reason is, for example, structural repairs and damages, which is better
revealed when the paint is removed. Or, Lessee could inspect desired places which are open for
inspection during the check. These findings should be fixed on Lessor’s cost. Sometimes Lessor can
promise that the defects revealed during the check would be fixed and it’s a big risk to rely on promises.
Therefore the physical inspection should be done before or during the delivery C-Check and the final
physical walk around inspection should be done when the C-Check is completed and CRS is issued.
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End date of painting work
Date of demonstration flight following C-Check and functional checks completion.
It is recommended, that all significant findings revealed during the demonstration flight should be
rectified and terminated and no open items should remain. It plays a significant role during deregistration
24 4 th Edition 2017