Aircraft Lease
Administration
Service
Aircraft Lease
Optimizing Aircraft Lease Administration for Sale-Leaseback and Operational Lease Transactions
At Basiz Garuda Aviation Services Venture, we provide comprehensive Aircraft Lease Administration Services to support the dynamic needs of aircraft lessees, including sale-leaseback transactions and ongoing operational leases. Our services extend to managing and complying with lease agreements, including “Power by the Hour” (PBH) contracts related to engine leases, as well as recording the use of “Borrowed Aftermarket Spares” and managing the costs associated with “Bring Back Life” obligations at the end of the lease. The service is carried under the name“Basiz Garuda ASV.”
Aircraft Lease Administration Services
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01Rising demand (11% CAGR) along with leading to demand-supply mismatches, Tepid Revenue per Passenger Kilometre (RPK), increasing operational costs, with doubling in Airport infrastructure in an Oligopolistic market
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02Supply chain challenges include engine, after-market spares, and seat component delays.
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03Increasing lease rates and asset values of popular models due to delivery delays and interest rates.
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01Popularity of Short-Term and Variable Leases, including wet leases
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02Increase in the valuation of aircraft
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03Growing sustainability and efficiency focus leading to newer technologies.
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04Digital integration for operational efficiency.
Aerofin
Consulting
Aerofin
Consulting
Financial Accounting and Secretarial Services: Unlocking Financial Process Efficiency
Our Services
Lease Accounting
We handle the complete accounting lifecycle, from the initial recognition of the sale to ongoing lease accounting. Our expertise ensures compliance with IFRS 16 and other standards, accurately reflecting lease liabilities, right-of-use assets, and revenue recognition.
Maintenance Reserve
We calculate the maintenance reserve and amortize it over the period of the lease term in compliance with IFRS 16 and other applicable standards. We will also provide a reserve v/s actual cost analysis at the time the reimbursement is due to the lessee.
Revenue Recognition
We accurately recognise lease income and finance charges, factoring in rent escalations, maintenance reserves, and variable lease payments. This approach helps lessees transparently present the economic impact of the transaction.
Financial Reporting
Our comprehensive financial statements include detailed insights into lease revenue, maintenance reserve utilisation, and compliance with financial covenants.
Entity Management & Corporate Secretarial Services
Simplifying Lease Documentation: This covers all activities related to keeping the entity in good shape, including ROC filings, IFSCA filings, hosting audits, amongst others. We efficiently manage leasing entities, including registration, and statutory filings.
Tax Filings of the leasing entity
We file tax returns, TDS filing, etc
MIS Dashboard
Creation of customised dashboards on the financial performance of the entity.
Why choose us
Basiz Garuda Aviation Services Venture
