For any rental in the arrangement, whether dry or wet, GCAA authorization is required. In addition, all conditions that are part of this authorization must be included in the lease. In the event of a dry lease, an operator in the United Arab Emirates may lease a plane for commercial or private air transport to any operator in a state that has signed the Chicago Agreement, only if the following conditions are implemented: a wet lease is primarily a wet lease contract without the crew being made available. , which is the responsibility of the taker. Another name for this term is AMI (aircraft, maintenance and insurance). The crew made available by the taker or the team made available by the taker is invited to undergo training of the rental aircraft in order to provide them with initial training or instructions. In the first edition of this two-part series, STA`s aviation lawyers discuss the types of aircraft leasing and the legal aspects that flow from it. Our lawyers have advised clients on numerous occasions on the legality of different types of aircraft rentals and their benefits. The general leasing requirements provide that an applicant must submit a lease agreement to an AOC or an existing operator wishing to lease aircraft with other relevant details, such as the. B Useable Service Equipment (USM) offering inexpensive alternatives to aircraft parts. With contributions from various industry players, IATA has introduced guidance material for the traceability of Life Limited Parts (pdf).
This webinar presents the main aspects of the guide and the challenges of implementing LLP traceability. The 4th edition of Guidance Material and Best Practices for Aircraft Leases (pdf) is now available! It provides information on all aspects related to aircraft leasing with an emphasis on the technical perspective. The manual covers the entire aircraft rental cycle, frequent misunderstandings, legal and insurance considerations, leasing processes and areas of attention when delivering and delivering an aircraft. The complexity of leases results from the maintenance of assets (by adding details of aircraft value and audit documents), the addition of pre-mitigation clauses for adverse events; jurisdictions, multi-judicial use of aircraft, protection in the event of late payment, record keeping of the total operating life of the party, as requested by the control authorities, maintenance or maintenance and repair, airworthiness of the aircraft, insurance rules, operating costs, delivery conditions, conditions of recovery, termination of credit compensation Etc. It is therefore necessary to understand the types of leases, since the legal aspect is related to this technique. CAR-OPS 1.165 c) provides aircraft leasing requirements between the UAE operator and each company. (a) U.S.-registered civilian aircraft, wherever they are, subject to the laws of a foreign state in which they may operate; With regard to water-leased aircraft, an operator in the United Arab Emirates must ensure that differences in interest rates and the different legal aspects of leasing (in general) have become one of the main issues that make the aviation industry as uncertain as the maritime industry. It therefore becomes necessary to examine different financial structures and options for maintaining the company`s revenues and tax considerations relating to the ownership of an aircraft, the aviation industry has led to the consideration of financing structures such as leasing an asset instead of buying.