Our client, an integrated provider of MRO services and lease finance solutions across the global aerospace industry, had a significant components leasing agreement with one of the three large Middle Eastern airlines.
The lease agreement was ending, so our client had to initiate the lease return and remarketing process for 1,381 components.
ACC Aviation was engaged to perform the lease return process on our client’s behalf, carrying out the physical and technical inspection of the components, ensuring the components met lease return conditions, preparing and managing an open items list, and preparing the technical data room files in support of the remarketing process.
Given the storage costs and loss of value over calendar time for parts, the client required ACC to work under tight time constraints and deadlines.
To complete this assignment, ACC deployed two onsite inspectors for 15 days, inspecting an average of 90 components per day, in addition to the administrative work performed after the physical inspection. The team reviewed the documentation and the contract obligations, raising an Open Items List (OIL) to reliably track the components that were found to be non-compliant.
As part of this assignment, we were responsible for:
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 the lease return of 1,381 parts and supported the lessee’s buyout of 218 non-compliant components. With the inventory now organised and stored in a central warehouse, supported by a complete, indexed, and robust records data room, our client can remarket its inventory efficiently.
“We didn’t just look for a signal; we created a private sky-network that moved with the client.”
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Director of Operations, ACC Aviation
ACC Aviation operates internationally, with teams supporting clients across Europe, the Middle East, Africa, North America, and Asia.
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