ARO.OPS.110 Lease agreements for aeroplanes and helicopters
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The CAA shall approve a lease agreement when satisfied that the operator certified in accordance with Annex III (Part-ORO) complies with:
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ORO.AOC.110(d), for dry leased-in third country aircraft;
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ORO.AOC.110(c), for wet lease-in of an aircraft from a third country operator;
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ORO.AOC.110(e), for dry lease-out of an aircraft to any operator, except for the cases specified in point ORO.GEN.310 of Annex III;
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The approval of a wet lease-in agreement shall be suspended or revoked whenever:
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the AOC of the lessor or lessee is suspended or revoked;
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the lessor is included on the United Kingdom safety list pursuant to Regulation (EC) No 2111/2005 of the European Parliament and of the Council;
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the authorisation issued in accordance with Commission Regulation (EU) No 452/2014 has been suspended, revoked or surrendered.
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The approval of a dry lease-in agreement shall be suspended or revoked whenever:
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the certificate of airworthiness of the aircraft is suspended or revoked;
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the aircraft is included in the list of operators subject to operational restrictions or it is registered in a State of which all operators under its oversight are included on the United Kingdom safety list pursuant to Regulation (EC) No 2111/2005.
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When asked for the prior approval of a dry-lease out agreement in accordance with ORO.AOC.110(e), the CAA shall ensure
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proper coordination with the aviation authority of the state responsible for the continuing oversight of the aircraft, in accordance with Commission Regulation (EU) No 1321/2014 , or for the operation of the aircraft, if it is not the same authority;
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that the aircraft is timely removed from the operator’s AOC except for the cases specified in point ORO.GEN.310 of Annex III.
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When asked for prior approval of a dry lease-in agreement in accordance with point ORO.AOC.110(d), the CAA shall ensure proper coordination with the State of Registry of the aircraft as necessary to exercise the oversight responsibilities of the aircraft.