Module: Aircraft Leasing

Module Specifications.

Current Academic Year 2024 - 2025

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Date posted: September 2024

Module Title	Aircraft Leasing
Module Code	EF334 (ITS) / BAA1004 (Banner)
Faculty	DCU Business School	School	DCU Business School
Module Co-ordinator	Marina Efthymiou
Module Teachers	Cathal Guiomard, Roksolana Novytska
NFQ level	8	Credit Rating	5
Pre-requisite	Not Available
Co-requisite	Not Available
Compatibles	Not Available
Incompatibles	Not Available

None

Description

This module examines the aircraft leasing industry and how the industry works within the world of commercial aviation. The aim of the module is to provide students with an opportunity to develop a comprehensive understanding of the principles of aircraft leasing. The module focuses on the business model of an operating lessor and examines how an operating lessor interacts with other industry players (e.g. airline and aircraft manufacturers) to initiate, develop and manage aircraft leasing activity.

Learning Outcomes

1. Describe the aircraft leasing industry and demonstrate up-to-date knowledge regarding: The major stakeholders in the industry: aircraft lessors, airlines, OEMs, banks etc.; Scale of the industry, (e.g. size and value of the worlds leased fleet); The aircraft leasing model and how works for the various stakeholders.
2. Present the typical process for letter of intent and lease negotiation between lessor and potential lessee and demonstrate knowledge of the anatomy of a typical operating lease.
3. Describe in detail the technical considerations reviewed during the formation of a lease agreement and demonstrate an understanding of the principles of asset value protection and risk management with respect to the aircraft and engines maintenance status, records and configuration.
4. Discuss the typical activities managed by the lessors deal team during an aircraft transition process.
5. Describe the typical interaction between lessor and lessee during a lease term and demonstrate understanding of the obligations of both parties during the lease term.

*Type*	*Hours*	*Description*
Workload	Full-time hours per semester
Lecture	24	Outline of relevant, theory and practice, participation in practical exercises
Directed learning	36	Preparation for class activities
Assignment Completion	40	Development of Negotiation material
Independent Study	25	Reading, Research and library Work
Total Workload: 125

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

Introduction to Aircraft Leasing

Aircraft Placement

Zoom In: Technical Input into the Lease

Maintenance Reserves

Redelivery - Delivery Conditions

Lease Workshop

Aircraft Transitions

Aircraft Acquisitions /Aircraft Sales - Part Out

Zoom In: On Lease Asset Management

Negotiations

Assessment Breakdown
Continuous Assessment	100%	Examination Weight	0%

Type	Description	% of total	Assessment Date
Course Work Breakdown

Reassessment Requirement Type
Resit arrangements are explained by the following categories: Resit category 1: A resit is available for both* components of the module. Resit category 2: No resit is available for a 100% continuous assessment module. Resit category 3: No resit is available for the continuous assessment component where there is a continuous assessment and examination element.
* ‘Both’ is used in the context of the module having a Continuous Assessment/Examination split; where the module is 100% continuous assessment, there will also be a resit of the assessment
This module is category 1

Indicative Reading List

Other Resources

None