ORO.AOC.110 Leasing agreement

Any lease-in

(a)   Without prejudice to Regulation (EC) No 1008/2008, any lease agreement concerning aircraft used by an operator certified in accordance with this Part shall be subject to prior approval by the CAA.

(b)   The operator certified in accordance with this Part shall not lease-in aircraft included in the list of operators subject to operational restrictions, registered in a State of which all operators under its oversight are included on the United Kingdom safety list or from an operator that is subject to an operating ban pursuant to Regulation (EC) No 2111/2005.

Wet lease-in

(c)   The applicant for the approval of the wet lease-in of an aircraft from a third-country operator shall demonstrate to the CAA all of the following:

(1)  that the third country operator holds a valid AOC issued in accordance with Annex 6 to the Convention on International Civil Aviation;

(2)  that the safety standards of the third country operator with regard to continuing airworthiness and air operations are equivalent to the applicable requirements established by Regulation (EU) No 1321/2014 and this Regulation;

(3)  that the aircraft has a standard CofA issued in accordance with Annex 8 to the Convention on International Civil Aviation.

Dry lease-in

(d)   An applicant for the approval of the dry lease-in of an aircraft registered in a third country shall demonstrate to the CAA that:

(1)   an operational need has been identified that cannot be satisfied through leasing an aircraft registered in the United Kingdom;

(2)  the duration of the dry lease-in does not exceed seven months in any 12 consecutive month period;

(3)   compliance with the applicable requirements of Regulation ( [...] ) No 1321/2014 is ensured; and

(4)  the aircraft is equipped in accordance with the EU regulations for Air Operations.

Dry lease-out

(e)   The operator certified in accordance with this Part intending to dry lease-out one of its aircraft shall apply for prior approval by the CAA. The application shall be accompanied by copies of the intended lease agreement or description of the lease provisions, except financial arrangements, and all other relevant documentation.

Wet lease-out

(f)   Prior to the wet lease-out of an aircraft, the operator certified in accordance with this Part shall notify the CAA.