In the March issue of AviTrader MRO360°, Sergey Starkov, Technical Director at Vallair, offered advice on managing aircraft lease transitions.
The operative word is organisation. “Transitions require significant teamwork between commercial, legal, technical and financial departments. Additionally, in recent years, transition records requirements have increased. Preparation is therefore paramount.
Lessors favour back-to-back leases and will often match redelivery requirements at the end of one lease to the delivery conditions of the next one. So, it is prudent for operators to produce high-quality documentation which has the correct data and is formatted correctly. This increases the chances that the lessor will accept redelivery quickly, which prevents airlines from having to continue to pay for the aircraft in the event of a delay.”
Operators must also factor in the time and work needed should there be any planned or unforeseen MRO requirements.
Whether operators manage transitions themselves or subcontract to experienced third-parties, Starkov’s instructions are clear: “Start everything as soon as possible.”
To read the full article, click here.
Article courtesy of AviTrader.
