IATA Aircraft Lease Guidance

Redelivery
recovery plan. Lessee Project Manager will prepare amendments to the Project Plan to reflect
any required changes as a result of such Review Meeting.
2.6 Review & Acceptance
a) Lessor will complete its inspection of the Aircraft and review of the Aircraft Documentation in
stages subject to the availability of the Aircraft and Aircraft Documentation.
b) Lessor (or its authorized representative) will notify Lessee in writing of each discrepancy (the
“Notified Discrepancies”, each a Notified Discrepancy) between the condition of the Aircraft or
the Aircraft Documentation (as applicable) and the Redelivery Condition. Each Notified
Discrepancy will be notified to Lessee by Lessor as soon as practicable, but no later than (X)
hours after noting that discrepancy, and Lessor will not withhold or delay notification of the
discrepancies to Lessee.
2.7 Aircraft Documentation Review
Not later than (X) months prior to the end of the lease term (and in an updated form at redelivery of
the Aircraft), Lessee will make the Aircraft Documentation available to Lessor for review, which may
be presented in hard copy or electronic copy format, as elected by Lessee.
2.8 Ground Inspection of Aircraft
a) Not later than (X) calendar days prior to the scheduled induction date for the redelivery check,
Lessee will provide Lessor with a copy of the Approved Maintenance Facility check plan.
b) No less than (X) calendar days before the end of the lease term, Lessee will induct the Aircraft
into an Approved Maintenance Facility for the redelivery check. If Lessor fails to attend the
redelivery check, then Lessee will proceed with the redelivery check in the absence of Lessor or
its representatives. For the avoidance of doubt, the redelivery check still needs to satisfy
requirements set forth in the Redelivery Conditions.
c) Lessor or its representatives (up to a maximum of (X) people in total, unless otherwise agreed by
Lessee acting reasonably, including the representatives of the next operator or a prospective
purchaser of the Aircraft) will be provided with suitable office space (subject to the agreement of
the Approved Maintenance Facility) at the venue for the redelivery check, such office space to
include desk, chairs, lighting, internet access and a phone line to facilitate local calls.
d) During the redelivery check, Lessor will have such reasonable access, to inspect the Aircraft in
accordance with the schedule identified in the Project Plan, to confirm that the Aircraft satisfies
the Redelivery Conditions.
2.9 Redelivery Check Flight
a) As contemplated in the Lease or otherwise, after the redelivery check, Lessee will carry out a
redelivery check flight in accordance with Lessee's approved flight test procedure (the
“Redelivery Check Flight”). At Lessor’s request, Lessee shall permit representatives of a followon
lessee or purchaser of the Aircraft to be on board during such Redelivery Check Flight as
observers (provided that the total number of observers from Lessor shall not exceed (X) persons,
with one such observer to be permitted to occupy the cockpit jump seat during the entire flight.
Such procedure will be completed in full, recording all associated findings and observations of
the crew and be signed by Lessee's authorised flight crew. The Redelivery Check Flight shall be
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