If aircraft are returned late or in an unacceptable condition at the end of lease, the operator can face significant compensation costs. Recommended best practice for the aircraft lease transitions process are highlighted here, including the need for detailed, advanced planning. AVITAS’s Bruce Burnett advises on the best practices for aircraft leasing, read more here […]
I remember my first redelivery. It was a classic Boeing airplane that my airline had operated since new. It was now nearing 17 years old and being redelivered to the lessor, one of the larger, more demanding leasing companies. Although I recognized there were numerous “required” records that had to be redelivered with the aircraft, […]
AVITAS Technical, Valuation and Consulting services can help you with drafting lease language so you don’t end up with this aircraft Contact us now to discuss how we may assist with your lease language requirements.
It is all about the risk. Some people are risk adverse and some are risk takers, but when it comes to leasing aircraft or engines, no one wants to be financially responsible for any big surprises. So what’s the risk? The risk is all about ensuring the owner or lessor always is protected for the […]
How can digital records help with your operation, your lease, your sanity? Are your aircraft records secure and easy to search? Let AVITAS help you stay sane. Contact us now to discuss your digital records requirements and how we can assist you.
A hypothetical client asked AVITAS to review and inspect their spare parts inventory and opine on the value of the collection of parts. After a review of the list of parts and a visit to the warehouse facility, it was quickly apparent that the client had significantly over estimated the value of the inventory. They […]
Historically a repair station could repair components using new OEM parts without an 8130-3 for each of the piece parts and release the repaired component with dual FAA and EASA certification. With a recent rule change by the FAA, U.S. repair stations are no longer allowed to provide dual certification without each new part used […]
Almost all leases contain clauses that describe the condition that the aircraft and engines must meet at the end of the lease term. These “return conditions” stipulate the aircraft configuration, the status of the airframe maintenance, the time remaining on major components, other details that the lessee must meet when the aircraft is redelivered to […]
Non-Incident Statements – What are they all about? When you buy a used car, a typical first question might be, “has this car been involved in an accident?” After all, if the car has had significant damage, surely this would affect the purchase price. For an aircraft, this is similar, but not exactly the same. […]
Not having adequate documentation and data ready for an aircraft or engine lease return can cause big problems for airlines and leasing companies alike. MRO maintenance records can have a substantial impact. Read the article here