A Successful Plan for Maintenance of Your Aircraft


The substantial cost of maintaining your aircraft must be planned and should not be underestimated. This cost is incurred in a number of different manners depending on when your period of ownership of your aircraft will fall within the life cycle of that aircraft. You will need a clear understanding of scheduled maintenance costs and advice about the foreseeable relationship between the age of your aircraft and its likely market value at different points in its life cycle.

A successful plan for maintenance of your aircraft, for the purposes of this article at least, is one that provides, most importantly, a high level of safety in flight; but also full compliance with all laws and regulations regarding maintenance; a predictable, budgetable level of expense; maximum charter revenue, if desired; and disposition of the aircraft at its maximum potential market value.

Planning for maintenance costs for used aircraft operated in Russia is taking on more importance as several trends appear in the marketplace:

First, with aircraft prices currently down in the US and Europe, there are a number of transactions involving the purchase or lease of used aircraft by Russian companies. Used aircraft are being customs-cleared and registered in Russia, as well as continuing to be registered in Europe and the US. Certain Russian corporations are registering purchased and leased used aircraft in Russia so that these aircraft may be flown in Russia without the restrictions on cabotage flights within Russian on foreign-registered aircraft.

There are examples of Russian corporations operating "heavy" business jets registered outside of Russia on flights to and from Russia, and registering lighter business jets in Russia so that they may be flown domestically. Customs clearance involves the cost of payment of import VAT, but not customs duties, if an aircraft weighs less than 20,000 kilograms.


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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Derek Bloom | Attorney Advertising

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