Aircraft Lease Return Management

Aircraft Record Management of the Aurion Aero Lease Management solution is aimed at ensuring that the aircraft along with its documentation are tuned for presentation to the lessor for redelivery with minimal discrepancies. The activities that Aurion Aero shall carryout as part of Aircraft Lease Return Management are:

Pre-Redelivery Aircraft Configuration Review to ensure that the aircraft configuration is as defined in the lease agreement.

Develop Aircraft Hand Over Record to be handed over to the lessor

Assess Cost Exposure for non-closure of deficiency – Aurion Aero shall assess the cost exposure for any deficiency (in comparison to the lease agreement) that the operator does not intend to close.

Redelivery Check Definition – Aurion Aero shall define the redelivery checklist so that all activities are carried out as per the referenced checklist & there is no lapse/ error within the activities to be carried out.

Development of Redelivery Documentation

Pre-Redelivery Contract Negotiations – Aurion Aero shall negotiate for and on behalf of the carrier with service providers for maintenance services that may be required to ensure redelivery of aircraft.

Lessor Negotiations – Aurion Aero shall negotiate for and on behalf of the carrier with the Lessor to minimize any cost exposure

De-registration – Aurion Aero shall process the deregistration of the asset from the aircraft registry of the current state of registration

C of A Renewal for the next Lessee – Aurion Aero shall also renew the Certificate of Airworthiness so as to ensure that the aircraft has been certified as being airworthy and can be flown out by the Lessor and or leased to another lessee.

The aircraft lease return management module can only be deployed post deployment of Aircraft lease contract review. All activities as part of the lease return are required to be referenced to the lease agreement and the standards developed based on the lease agreement.

The aircraft lease return management is required to be deployed a minimum of 09 months prior to the redelivery of aircraft. It is aimed at ensuring that the aircraft and associated documentation is adequately prepared so that redelivery of the aircraft can take place on schedule and the air operator does not incur additional lease charges and or penalties for deficiencies in maintenance/ documentation.