Performing the Lease Returns of 1,381 Aircraft Components from a Big 3 Middle Eastern Carrier
To complete this assignment, ACC deployed two onsite inspectors for 15 days, inspecting an average of 90 components per day, in addition to the administration work performed after the physical inspection. The team reviewed the documentation and the contract obligations, raising an Open Items List (OIL) for a reliable track of the components that were found in non-compliance.
As part of this assignment, we were responsible for:
- Tracking, reporting, and resolving all issues relating to the collection of the components.
- Developing an OIL, hosting and moderating open-issue meetings, resolving project-related issues with the lessee, and collecting information from outside parties such as repair vendors and OEMs.
- Identifying areas of non-compliance with the redelivery conditions or regulatory criteria, such as PMA components or alternative part numbers, and identifying any unscheduled maintenance, repair, or overhaul that the lessee needed to perform before returning each part.
- Where components did not comply with the return conditions, we advised our client on appropriate remedial measures to address such non-compliance to maximize the residual value of their assets.
The project was highly challenging, with a large percentage of the components unready for inspection, an above-average level of findings (including 489 OIL items), and numerous negotiations around the buyout of non-compliant components.
ACC Aviation completed this assignment promptly and with a focus on generating the best financial outcome for the client. Based on our inspection work, our technical division completed the lease return of 1,381 parts and supported the lessee’s buyout of 218 non-compliant components.
With its inventory of components organized and stored in a central warehouse, supported by a complete, indexed, and robust records data room, in addition to follow-up meetings, our client can now remarket its inventory efficiently.
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