IATA Aircraft Lease Guidance

Guidance Material and Best Practices for Aircraft Leases
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Final Check Package Definitions – 3-4 months prior
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Should include actions for any missing / non valid historical aircraft documentation (e.g. repairs).
Include a list of components required to replace to meet redelivery conditions.
If the aircraft needs export CofA the regulator should be contacted – 3-4 months prior
Pre-input meeting with MRO – 3-4 months prior
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Lessee and the MRO discuss the details of the return check (work scope, standards, processes etc.).
Review the plan and schedule for access to the aircraft for physical inspections, which will be
managed by the Lessee.
Make sure that lines of communications are open and very clear for conflict resolution and that MRO
is in understanding that it only takes work instructions from the Lessee.
Records Presentation – 3-4 months prior
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Lessee should aim to make historical aircraft records properly organized and available to Lessor at a
mutually agreed location for review in advance of the return check so that any corrective
maintenance action can be captured at that time. This might be in the form of electronic records
available online or remotely reviewed, the format needs to be negotiated between the parties.
A mutually agreed time period should be given to the Lessor, e.g. 20 business days, to complete the
review of the records. And there should be an agreed cut-off point after which no discrepancies can
be made by Lessor.
In defining a timeline for the historical aircraft records review the Lessee needs to consider the
availability of the records, and the required time to address and close discrepancies raised by the
Lessor. A note should be made that review of records for older aircraft often require more time.
Discrepancies should be recorded by Lessor and presented to Lessee in agreed format, e.g. via
electronic records system.
Lessee’s Project Manager should manage a master copy of all discrepancies that are recorded.
Receipt of maintenance plan from MRO – 2-3 months prior
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The MRO issues the detailed maintenance check plan to the Lessee.
Lessee’s Project Manager updates the project plan based on input from the MRO.
The Lessee shares the plan and schedule for Lessor’s access to complete aircraft zonal inspection.
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Completion of historical records review by Lessor – 2 months prior
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Review of historical records that have been provided previously by Lessee should be complete at this
time.
Lessor review and raising of discrepancies should now be limited to the return maintenance check
and associated records including validation of repair mapping etc.
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Engine High Power Run
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The applicable test reference, AMM, should be recorded in the lease agreement or agreed in
advance.
60 4 th Edition 2017