Showing all 176 terms
- Airworthiness DirectiveAD
- A legally enforceable instrument issued by an airworthiness authority requiring specific action on a defined population of products to address an unsafe condition. Under 14 CFR 39.3 ADs are legally enforceable rules; under EASA they are issued per Part-21 21.A.3B, with compliance required by Part-M M.A.303.
- Regulatory
- Emergency Airworthiness DirectiveEAD
- An AD issued without prior consultation because the unsafe condition requires immediate action. EASA emergency ADs carry an -E suffix; FAA emergency ADs may be issued directly to affected operators.
- Regulatory
- Proposed Airworthiness DirectivePAD
- The EASA consultation draft published for comment before a final AD is issued. The FAA equivalent is a Notice of Proposed Rulemaking.
- Regulatory
- Notice of Proposed RulemakingNPRM
- The FAA's public consultation instrument, published in the Federal Register, preceding a final rule including an AD.
- Regulatory
- Alternative Method of ComplianceAMOC
- An authority-approved alternative to the actions or compliance times in an AD, providing an acceptable level of safety. FAA route under 14 CFR 39.19; the AD names the holding office per 39.21. Granted to a specific applicant and scope.
- Regulatory
- State of Design
- The state that certificated the type and is responsible for the type certificate. It investigates unsafe conditions and issues the originating AD.
- Regulatory
- State of Registry
- The state in which the individual aircraft is registered. The operator's AD obligation arrives through this state, which normally adopts or mirrors State of Design directives.
- Regulatory
- State of the Operator
- The state in which the operator has its principal place of business. Relevant to Article 83 bis transfers.
- Regulatory
- Article 83 bis83 bis
- A 1980 amendment to the Chicago Convention, in force 20 June 1997, permitting the State of Registry to transfer to the State of the Operator its functions under Articles 12, 30, 31 and 32(a) for leased, chartered or interchanged aircraft.
- Regulatory
- Chicago Convention
- The Convention on International Civil Aviation, 1944, establishing the framework of international civil aviation and the ICAO Annexes.
- Regulatory
- ICAO Annex 8
- Airworthiness of Aircraft. Airworthiness directives are the common form of the mandatory continuing airworthiness information referred to in Annex 8.
- Regulatory
- Regulation (EU) 2018/1139Basic Regulation
- The European Union Aviation Safety Agency's founding regulation and the legal basis for the implementing regulations beneath it.
- Regulatory
- Regulation (EU) No 1321/2014
- The continuing airworthiness regulation, recasting Reg. (EC) No 2042/2003. Contains Part-M, Part-145, Part-66, Part-147, Part-T, Part-ML, Part-CAMO and Part-CAO.
- Regulatory
- Regulation (EU) No 748/2012Part-21
- The initial airworthiness and certification regulation. Contains Part-21, including 21.A.3B on airworthiness directives.
- Regulatory
- Part-MAnnex I
- The general continuing airworthiness regime under Reg. (EU) No 1321/2014.
- Regulatory
- Part-145Annex II
- Maintenance organisation approvals under Reg. (EU) No 1321/2014.
- Regulatory
- Part-66Annex III
- Aircraft maintenance licence requirements for certifying staff.
- Regulatory
- Part-147Annex IV
- Maintenance training organisation requirements. Not to be confused with Part-T.
- Regulatory
- Part-TAnnex Va
- Continuing airworthiness of aircraft registered in a third country and dry leased-in by an EU licensed air carrier where oversight has not been delegated to a Member State. Not 'training'.
- Regulatory
- Part-MLAnnex Vb
- Proportionate continuing airworthiness rules for light aircraft, introduced by Reg. (EU) 2019/1383 and applicable from 24 March 2020.
- Regulatory
- Part-CAMOAnnex Vc
- The standalone approval regime for continuing airworthiness management organisations, replacing Part-M Subpart G. Its principal addition is safety management system principles.
- Regulatory
- Part-CAOAnnex Vd
- Combined Airworthiness Organisation requirements — CAMO and/or maintenance functions in one approval, limited to non-complex aircraft not used by a licensed air carrier.
- Regulatory
- Part-IS
- Information security management requirements introduced by Reg. (EU) 2023/203, reaching into continuing airworthiness and other domains.
- Regulatory
- M.A.201
- Part-M point allocating responsibility for continuing airworthiness between owner, lessee, operator, maintenance performer and pilot-in-command.
- Regulatory
- M.A.301
- Part-M point listing the continuing airworthiness tasks, from pre-flight inspection through AD accomplishment to maintenance check flights.
- Regulatory
- M.A.302
- Part-M point requiring an aircraft maintenance programme approved by the competent authority, or indirectly approved via the CAME where a CAMO or CAO manages the aircraft.
- Regulatory
- M.A.303
- Part-M point on airworthiness directives: any applicable AD must be carried out within its requirements unless otherwise specified by the Agency.
- Regulatory
- M.A.305
- Part-M point requiring the aircraft continuing airworthiness record system, including the retention periods at M.A.305(e). Note: retention moved from M.A.305(h) in the pre-2019 structure.
- Regulatory
- M.A.306
- Part-M point requiring an operator's technical log system for commercial air transport, commercial specialised operations and commercial ATO or DTO operations.
- Regulatory
- M.A.307
- Part-M point on transfer of records. Paragraph (c) states that retention periods continue to apply to the new owner, operator, CAMO or CAO — transfer does not reset the clock.
- Regulatory
- M.A.901
- Part-M point governing the airworthiness review and the issue and extension of the Airworthiness Review Certificate.
- Regulatory
- 14 CFR Part 39
- The FAA's airworthiness directives rule. Sections include 39.3 (definition), 39.5 (when issued), 39.7 (violation), 39.15 (applies even if changed), 39.19 (AMOC) and 39.23 (special flight permit).
- Regulatory
- 14 CFR 43.9
- Content, form and disposition of maintenance, preventive maintenance, rebuilding and alteration records. Sets what a maintenance entry must contain.
- Regulatory
- 14 CFR 43.11
- Content, form and disposition of records for inspections under Parts 91 and 125 and certain Part 135 provisions, including the prescribed airworthy or unairworthy certification statement.
- Regulatory
- 14 CFR 91.409
- FAA inspection requirements: annual, 100-hour, progressive inspection, and the four selectable inspection programme options for large and turbine-powered aircraft.
- Regulatory
- 14 CFR 91.417
- FAA maintenance records rule, splitting records into work records (a)(1), retained one year or until superseded, and status records (a)(2), retained and transferred with the aircraft.
- Regulatory
- 14 CFR 91.419
- FAA rule requiring transfer of specified maintenance records to the purchaser at the time of sale of a US-registered aircraft.
- Regulatory
- Special flight permitFerry permit
- Authorisation to fly an aircraft that does not currently meet applicable airworthiness requirements, for example to reach a repair facility. Under 14 CFR 39.23 available unless the AD prohibits it.
- Regulatory
- Unsafe condition
- The finding that triggers an AD: a condition existing in a product which is likely to exist or develop in other products of the same type design.
- Regulatory
- Type CertificateTC
- The design approval for an aircraft, engine or propeller type, issued by the State of Design.
- Regulatory
- Type Certificate Data SheetTCDS
- The document defining the certificated configuration of a type — models, variants, engines, limitations. The population an AD addresses is normally expressed against it.
- Regulatory
- Supplemental Type CertificateSTC
- Approval of a major design change to a type-certificated product, held by a party other than the original type certificate holder.
- Regulatory
- Effectivity
- The clause in an AD or service bulletin defining the population to which it applies — models, serial number ranges and exclusions. The exclusions matter more than the inclusions.
- Regulatory
- Complex motor-powered aircraftCMPA
- A category defined in Reg. (EU) 2018/1139 that determines which continuing airworthiness regime applies. Not defined in Reg. 1321/2014 itself.
- Regulatory
- ELA2
- European Light Aircraft category 2, defined in the Part-21 framework under Reg. (EU) No 748/2012. One of the gates for Part-ML applicability.
- Regulatory
- Competent authority
- The national aviation authority responsible for oversight of a given organisation or aircraft in the European system.
- Regulatory
- Dynamic Regulatory SystemDRS
- The FAA's consolidated repository for regulatory and guidance documents, including airworthiness directives.
- Regulatory
- Federal Register
- The US government's official journal. FAA ADs are published there as amendments to 14 CFR 39.13.
- Regulatory
- Continuing Airworthiness Management OrganisationCAMO
- An organisation approved under Part-CAMO to manage continuing airworthiness on behalf of an owner or operator. Does not perform maintenance unless separately approved.
- Organisations & roles
- Combined Airworthiness OrganisationCAO
- An organisation approved under Part-CAO to perform CAMO activities, maintenance activities or both, limited to non-complex aircraft not used by a licensed air carrier. Certificate: EASA Form 3-CAO.
- Organisations & roles
- Accountable managerAM
- The person with corporate authority for ensuring continuing airworthiness activities can be financed and carried out. Establishes the safety policy, nominates key personnel and carries direct safety accountability.
- Organisations & roles
- Nominated personPost-holder
- The individual responsible for ensuring regulatory compliance of a defined function — for continuing airworthiness, the CAM or equivalent.
- Organisations & roles
- Compliance monitoring managerCMM
- Manages the compliance monitoring function within a CAMO. Must be independent of the functions being monitored.
- Organisations & roles
- Safety managerSM
- Develops and maintains safety management processes and facilitates hazard identification and risk management. The role introduced by Part-CAMO that did not exist under Subpart G.
- Organisations & roles
- Continuing Airworthiness ManagerCAM
- Common title for the nominated person responsible for continuing airworthiness within an operator or CAMO.
- Organisations & roles
- Airworthiness review staffARS
- Appropriately qualified personnel within an organisation holding the airworthiness review privilege, permitted to perform reviews and issue or extend an ARC.
- Organisations & roles
- Certifying staff
- Personnel licensed under Part-66 and authorised to issue a certificate of release to service.
- Organisations & roles
- Maintenance Repair and Overhaul organisationMRO
- A maintenance provider. In the European system, approved under Part-145 or Part-CAO; in the US, a certificated repair station.
- Organisations & roles
- Air Operator CertificateAOC
- The certificate authorising commercial air transport operations. Listing on a licensed air carrier's AOC pushes an aircraft from Part-ML into Part-M.
- Organisations & roles
- Industry Steering CommitteeISC
- The manufacturer-led committee, including engine manufacturers, vendors and operators, that governs the MSG-3 analysis for a new type.
- Organisations & roles
- Maintenance Working GroupMWG
- A specialist group appointed by the ISC to perform MSG-3 analysis in one of four areas: systems and powerplant, structures, zonal, and lightning/HIRF.
- Organisations & roles
- Maintenance Review BoardMRB
- The regulatory authority body that approves the Maintenance Review Board Report for a new type.
- Organisations & roles
- Airlines for AmericaA4A
- Formerly the Air Transport Association (ATA). Develops and maintains the MSG-3 methodology.
- Organisations & roles
- Approved Training OrganisationATO
- A flight training organisation approved under the European rules. Commercial ATO activity affects which continuing airworthiness regime applies.
- Organisations & roles
- Declared Training OrganisationDTO
- A training organisation operating under a declaration rather than an approval.
- Organisations & roles
- Design Approval HolderDAH
- The holder of a type certificate, STC or other design approval, responsible for issuing instructions for continued airworthiness.
- Organisations & roles
- Production Approval HolderPAH
- The holder of a production approval, within whose quality system an 8130-3 airworthiness approval for new production is issued.
- Organisations & roles
- Maintenance Steering Group 3MSG-3
- The task-oriented, top-down analysis methodology maintained by A4A for developing initial scheduled maintenance tasks and intervals. Replaced the process-oriented, bottom-up MSG-2.
- Maintenance
- Maintenance Significant ItemMSI
- An item selected for MSG-3 analysis on the basis of the consequences of its functional failure.
- Maintenance
- Failure Effect CategoryFEC
- MSG-3 classification 5 to 9: evident safety, evident operational, evident economic, hidden safety, hidden non-safety. A task is required for categories 5 and 8, desirable for 6, 7 and 9.
- Maintenance
- Maintenance Review Board ReportMRBR
- The authority-approved minimum scheduled tasking and interval requirements for a type. Explicitly not an operator maintenance programme.
- Maintenance
- Maintenance Planning DocumentMPD
- The manufacturer's planning document. A superset of the MRBR, adding Certification Maintenance Requirements, Airworthiness Limitations and manufacturer recommendations.
- Maintenance
- Aircraft Maintenance ProgrammeAMP
- The operator's customised, authority-approved maintenance programme derived from the MPD. Called OAMP in US usage.
- Maintenance
- Continuous Airworthiness Maintenance ProgramCAMP
- The FAA Part 121 or 135 operator's maintenance programme, referenced in its operations specifications.
- Maintenance
- Certification Maintenance RequirementCMR
- A task required to substantiate the certification safety analysis. Mandatory; changeable only with authority permission.
- Maintenance
- Airworthiness Limitations SectionALS
- The section of the ICA carrying mandatory life limits and inspections arising from the certification basis. Individual entries are Airworthiness Limitation Items.
- Maintenance
- Instructions for Continued AirworthinessICA
- The maintenance instructions a design approval holder must produce for a type or modification.
- Maintenance
- A check
- A light scheduled check. Current narrowbody intervals are around 750 flight hours for the A320 family and 1,000 for the 737NG. Older sources quoting 400 to 600 flight hours are superseded.
- Maintenance
- B check
- A legacy intermediate check. Effectively extinct on modern types — its content has been absorbed into expanded A checks, and it appears in neither the A320 nor 737NG maintenance structure.
- Maintenance
- C check
- A base check requiring the aircraft out of service. A320 family interval 7,500 FH / 5,000 FC / 24 months, whichever first; 737NG typically 24 to 36 months.
- Maintenance
- D check
- Traditional term for the heavy structural check. Now largely colloquial: current-production types deliver heavy work as calendar escalation packages on a base check, and Airbus removed letter checks from the A350 MPD entirely.
- Maintenance
- Heavy Maintenance VisitHMV
- The current term for the heavy structural visit formerly described as a D check.
- Maintenance
- Base maintenance
- Work requiring the aircraft to be withdrawn from service into a hangar for an extended period. Contrasted with line maintenance.
- Maintenance
- Line maintenance
- Work performed while the aircraft remains in service — turnrounds, transit and daily checks, defect rectification and light scheduled tasks.
- Maintenance
- Escalation package6YE / 12YE
- A calendar-driven group of structural tasks attached to a base check — the six-year and twelve-year packages on the A320 family being the common examples.
- Maintenance
- Block maintenance
- Packaging philosophy grouping tasks into a few large letter checks. Simple to plan; long downtime and spiky manpower demand.
- Maintenance
- Phased maintenanceEqualised, segmented
- Packaging philosophy distributing the same task content across many short visits, improving availability and smoothing labour at comparable total man-hours.
- Maintenance
- Non-routineNRC
- Work arising from findings during a check, as opposed to planned routine content. The non-routine ratio rises from about 0.12 at an early C check to 0.80 on a high-age airframe.
- Maintenance
- General Visual InspectionGVI
- The least intrusive MSG-3 inspection level — a visual examination of an area, installation or assembly.
- Maintenance
- Detailed InspectionDET
- An intensive MSG-3 visual examination of a specific item, normally requiring good lighting and possibly cleaning or access provisions.
- Maintenance
- Special Detailed InspectionSDI
- The most intensive MSG-3 inspection level, requiring specialised techniques such as NDT, and possibly disassembly.
- Maintenance
- Functional CheckFNC
- A quantitative MSG-3 check comparing a measured value against an established standard.
- Maintenance
- Operational CheckOPC
- A failure-finding MSG-3 task confirming an item fulfils its intended purpose. Applied only to hidden failures.
- Maintenance
- RestorationRST
- An MSG-3 task returning an item to a specified standard at or before an age limit, from cleaning up to full overhaul.
- Maintenance
- DiscardDIS
- An MSG-3 task removing an item from service at a life limit where restoration is not feasible.
- Maintenance
- Service BulletinSB
- A manufacturer-issued instruction for a modification, inspection or repair. Not mandatory in itself, but an AD may make a specific revision mandatory.
- Maintenance
- Service LetterSL
- A manufacturer communication of a recommendation or information, of lower status than a service bulletin.
- Maintenance
- Aircraft Maintenance ManualAMM
- The manufacturer's manual containing the procedures used to carry out maintenance tasks.
- Maintenance
- Illustrated Parts CatalogueIPC
- The manufacturer's parts identification document.
- Maintenance
- Component Maintenance ManualCMM
- The maintenance procedures for a specific component, usually issued by its manufacturer.
- Maintenance
- Structural Repair ManualSRM
- The manual defining allowable damage limits and approved repairs for the airframe structure. Redelivery conditions on dents and corrosion reference it.
- Maintenance
- Minimum Equipment ListMEL
- The operator's approved list of items that may be inoperative for despatch, under stated conditions and time limits.
- Maintenance
- Configuration Deviation ListCDL
- The list of external parts that may be missing for despatch, with associated performance penalties.
- Maintenance
- Minimum Inspection ProgrammeMIP
- The Part-ML fallback programme: annual or 100-hour inspection, whichever comes first, with defined tolerances.
- Maintenance
- Progressive inspection
- An FAA inspection route under 14 CFR 91.409(d) distributing inspection content across the year, requiring a complete inspection within each 12 calendar months.
- Maintenance
- Annual inspection
- The FAA requirement under 14 CFR 91.409(a) for an inspection within the preceding 12 calendar months.
- Maintenance
- 100-hour inspection
- The FAA requirement under 14 CFR 91.409(b) for aircraft carrying persons for hire or used for flight instruction for hire. May be exceeded by not more than 10 hours to reach an inspection facility.
- Maintenance
- Pre-flight inspection
- The inspection before flight, the responsibility of the pilot-in-command or, for licensed air carriers, the operator.
- Maintenance
- Maintenance check flightMCF
- A flight performed to verify the functioning of systems after maintenance, listed among the continuing airworthiness tasks in M.A.301.
- Maintenance
- Reliability programme
- The analysis of in-service data used to demonstrate the effectiveness of a maintenance programme and to support interval escalation.
- Maintenance
- Interval escalation
- Extending a task interval on the basis of reliability evidence, with authority approval. Not available for Airworthiness Limitations or CMRs.
- Maintenance
- Hard timeHT
- A maintenance process requiring removal at a fixed limit, regardless of condition.
- Maintenance
- On conditionOC
- A maintenance process in which an item remains in service while inspection or test shows it meets defined criteria.
- Maintenance
- Condition monitoringCM
- A maintenance process relying on analysis of in-service failure data rather than a fixed removal limit.
- Maintenance
- Certificate of Release to ServiceCRS
- The release of maintenance in the European system, certifying that the work was carried out per the applicable requirements.
- Records
- Technical logTech log
- The operator's per-flight record system required by M.A.306, carrying flight information, the current CRS, the current maintenance statement and outstanding deferred defects.
- Records
- Continuing airworthiness record system
- The record system required by M.A.305 covering logbooks, life-limited component records, current status of ADs, modifications, AMP compliance, mass and balance and deferred maintenance.
- Records
- Back-to-birth traceabilityBTB
- Documentation of a part's provenance since first operation — every owner and installation back to manufacture. Standard industry practice imposed contractually by lessors; not a general regulatory requirement of the FAA, EASA or ICAO.
- Records
- Life-Limited PartLLP
- A part with a mandatory life limit that must be discarded rather than restored. Engine LLPs dominate the value at risk in records failures.
- Records
- Time Since NewTSN
- Elapsed operating hours on a part or product since manufacture.
- Records
- Cycles Since NewCSN
- Accumulated cycles on a part or product since manufacture.
- Records
- Time Since OverhaulTSO
- Operating hours since the last overhaul.
- Records
- Cycles Since OverhaulCSO
- Accumulated cycles since the last overhaul.
- Records
- Total time in serviceTTIS
- The cumulative time in service of an airframe, engine, propeller or rotor. A permanent status record under 14 CFR 91.417(a)(2)(i).
- Records
- Flight hourFH
- A unit of elapsed operating time, one of the three clocks against which maintenance and AD compliance times run.
- Records
- Flight cycleFC
- One take-off and landing. The clock that governs fatigue-driven limits and typically binds for short-sector operators.
- Records
- Dirty fingerprint
- Informal term for the physical evidence trail — original signed records demonstrating that work actually took place.
- Records
- Deferred defect
- A defect whose rectification is postponed under the MEL or an approved procedure, recorded in the technical log and the deferred maintenance list.
- Records
- Discrepancy list
- The signed and dated list of unairworthy items a person must give the owner or lessee under 14 CFR 43.11(b) where an aircraft is found not airworthy.
- Records
- Electronic signature
- Per FAA AC 120-78B, a signature that is unique to the signer, authenticated, under sole control, executed with intent, the result of a deliberate action, non-repudiable and permanent, on a document that cannot subsequently be edited.
- Records
- Records audit
- The examination of an aircraft's records for completeness, accuracy and regulatory compliance. In a lease transition it is the most time-consuming phase and the usual cause of delay.
- Records
- Work pack
- The compiled documentation for a maintenance visit — task cards, non-routine cards, parts records and the release. Frequently the source of records gaps when not returned complete.
- Records
- EASA Form 1
- The authorised release certificate for a component in the European system. Equivalent to the FAA 8130-3.
- Documents & forms
- FAA Form 8130-3
- Authorized Release Certificate / Airworthiness Approval Tag. Serves three distinct functions: airworthiness approval of new production, return to service after maintenance, and support of export approval.
- Documents & forms
- Dual release
- A release certificate endorsed under both the FAA and EASA systems, allowing the part to be accepted in either jurisdiction without further documentation.
- Documents & forms
- FAA Form 337
- Major Repair and Alteration record required by 14 CFR 43.9(d). Copies for major alterations form part of the permanent status records that travel with the aircraft.
- Documents & forms
- EASA Form 15a / 15b / 15cARC forms
- Airworthiness Review Certificate forms: 15a issued by the competent authority, 15b by a CAMO or CAO, 15c under Part-ML.
- Documents & forms
- EASA Form 14
- The certificate evidencing a Part-CAMO approval.
- Documents & forms
- EASA Form 3-CAO
- The certificate evidencing a Part-CAO approval.
- Documents & forms
- Continuing Airworthiness Management ExpositionCAME
- The CAMO's controlling document, required by CAMO.A.300, describing how it exercises its privileges — including any indirect AMP approval procedure.
- Documents & forms
- Airworthiness Review CertificateARC
- The periodic certificate confirming continuing airworthiness has been managed. Valid one year, extendable at most twice by one year each where the aircraft remains in a controlled environment.
- Documents & forms
- Controlled environment
- An aircraft continuously managed by a single CAMO or CAO and maintained by organisations approved under Part-145, Part-M Subpart F or Part-CAO over the previous 12 months. The condition for ARC extension.
- Documents & forms
- Certificate of AirworthinessCofA
- The certificate evidencing that an individual aircraft conforms to its approved type design and is in condition for safe operation. Does not itself expire in the way an ARC does.
- Documents & forms
- Advisory CircularAC
- FAA guidance describing an acceptable means, but not the only means, of compliance. AC 120-78B covers electronic records; AC 43-9D supersedes AC 43-9C on maintenance records.
- Documents & forms
- Operations specificationsOpSpecs
- The document defining the authorisations, limitations and procedures under which a US certificate holder operates.
- Documents & forms
- Task card
- The executable instruction for a scheduled or non-routine task, referencing the AMM procedure.
- Documents & forms
- Operating lease
- A lease under which the lessor retains the residual value risk and the aircraft returns at the end of the term, subject to redelivery conditions.
- Leasing & finance
- Finance lease
- A lease structured so that substantially all the risks and rewards of ownership pass to the lessee, typically with a purchase option.
- Leasing & finance
- Dry lease
- A lease of the aircraft without crew. The lessee operates under its own AOC, which is the trigger for Part-T where the aircraft is third-country registered.
- Leasing & finance
- Wet leaseACMI
- A lease including aircraft, crew, maintenance and insurance, operated under the lessor's AOC.
- Leasing & finance
- Redelivery conditionsReturn conditions
- The contractual standard to which an aircraft must be returned at lease expiry, covering physical, records, performance and certification categories.
- Leasing & finance
- Mirror-in / mirror-out
- A drafting philosophy requiring the aircraft to be returned in materially the condition in which it was delivered.
- Leasing & finance
- Redelivery check
- The maintenance visit performed to bring the aircraft to the condition the outgoing lease requires. Distinct from a bridging check.
- Leasing & finance
- Bridging check
- The work package required to bring an aircraft onto the incoming operator's approved maintenance programme, derived from a comparative task analysis.
- Leasing & finance
- Bridging document
- The analysis establishing current maintenance status, defining the incoming programme, identifying unique tasks and cross-referencing task numbering.
- Leasing & finance
- Half-life
- The appraisal convention assuming an asset is midway between scheduled maintenance events. The baseline for Base Value and Current Market Value unless otherwise stated.
- Leasing & finance
- Full-life
- Condition assuming 100% life remaining, with major maintenance either completed or compensated for.
- Leasing & finance
- Maintenance adjustment
- The correction applied to a half-life baseline to reach a maintenance-adjusted value for a specific asset, counting airframe checks, landing gear, engine restorations, LLPs and APU.
- Leasing & finance
- Base ValueBV
- An appraiser's opinion of the underlying economic value of an aircraft in a balanced market, conventionally quoted half-life.
- Leasing & finance
- Current Market ValueCMV
- An appraiser's opinion of the most likely trading price in the current market, conventionally quoted half-life.
- Leasing & finance
- Maintenance reservesSupplemental rent
- Payments made by a lessee against future major maintenance events, drawn down when the work is performed. A recurring source of dispute at redelivery.
- Leasing & finance
- Exhaust Gas Temperature MarginEGTM
- The headroom before an engine reaches its temperature limit. A primary indicator of remaining on-wing life and a common redelivery condition.
- Leasing & finance
- Engine Flight CyclesEFC
- Cycles accumulated by an engine. Lessors typically look for 3,000 to 5,000 EFC remaining on-wing for a narrowbody engine at redelivery.
- Leasing & finance
- Limiter
- The life-limited part with the least remaining life, determining when an engine must come off wing.
- Leasing & finance
- Performance restorationPR
- The engine shop visit that restores performance, typically the largest single maintenance event in an aircraft's cost profile.
- Leasing & finance
- Cape Town ConventionCTC
- The Convention on International Interests in Mobile Equipment and its Aircraft Protocol, concluded 16 November 2001, creating internationally recognised interests via the International Registry.
- Leasing & finance
- Aircraft Protocol
- The Protocol on Matters Specific to Aircraft Equipment, read together with the Cape Town Convention as a single instrument. Article XIII establishes the IDERA.
- Leasing & finance
- International RegistryIR
- The electronic registry established under the Cape Town Convention for recording international interests in aircraft objects.
- Leasing & finance
- IDERA
- Irrevocable De-Registration and Export Request Authorisation. Issued by the debtor in favour of an authorised party, who becomes the only party entitled to deregister and export the aircraft. Irrevocable by the debtor.
- Leasing & finance
- Alternative A
- An insolvency regime option under the Cape Town Convention that a contracting state may declare, with defined waiting periods and registry response obligations.
- Leasing & finance
- Cape Town Discount
- The reduction in OECD export credit premium — approximately 10% — available to airlines in qualifying Cape Town states.
- Leasing & finance
- Pre-purchase inspectionPPI
- The technical and records inspection performed before an aircraft sale, and one of the trigger events for records reconciliation.
- Leasing & finance
- Transition
- The end-to-end process of moving an aircraft from one operator or owner to another, encompassing redelivery, records, bridging and re-registration.
- Leasing & finance
- Penalty rentHoldover rent
- Rent continuing at an increased rate — often a multiple of the normal rate — where an aircraft is not redelivered on time and in the required condition.
- Leasing & finance
- Fair wear and tear
- A contractual standard describing acceptable deterioration. Best suited to interior condition, and the source of most redelivery disputes because it is inherently interpretive.
- Leasing & finance
- Joint condition survey
- An inspection performed by lessor and lessee together, ideally early in the transition, establishing an agreed baseline with photographic evidence.
- Leasing & finance
More in this handbook
Technical references for continuing-airworthiness teams, kept current against the consolidated regulation.
Editorial note. This page is an educational technical reference and is not a substitute for the regulation, the manufacturer’s documentation or the contract. Regulatory references are given to help you find the primary source: verify against the current consolidated texts — EASA Easy Access Rules for Regulation (EU) No 1321/2014, Regulation (EU) No 748/2012, and 14 CFR — before relying on any point reference. Nothing here constitutes an airworthiness determination, a legal opinion or contractual advice for any individual aircraft. See our disclaimer. Last reviewed 2026-08-29.