Analyse crucial terms in aircraft operating leases and aircraft financing.

Available as: Classroom & In-Company course
Duration: 4 days (32 hours)
Recommended level: Professional and Management
Prerequisites: None

Upon completing this course you will have the skills to:

• Identify the principal sources of aircraft financing
• Interpret the key components of purchase and leasing contracts for new and used aircraft
• Identify the differences between operating leases, finance leases and double-dip-leveraged leases
• Identify the most critical points to negotiate in aircraft and equipment purchase agreements
• Identify risks and mitigate them

This course is recommended for:

• Legal Counsels/Advisors
• Corporate Affairs Executives
• Fleet Trading Managers
• Leasing and Insurance Analysts

• Legal status of aircraft - definition, characterization, nationality and registration, jurisdiction and conflicting laws
• Aircraft purchase contracts for new aircraft, warranties and exclusions; excusable and non-excusable delays; manufacturer support; performance guarantees
• Used aircraft - 'as is, where is' indemnities, unrecorded liens
• Operating leases - legal, financial and technical issues arising in the context of lease negotiations, quiet enjoyment, assignment, maintenance reserves, return conditions, possession and use, liens, indemnities and defaults and remedies, deposits
• Security, mortgages and pledges

An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.