When a lease comes to its end, FPG Amentum manages all aspects of the transition to a new lessee with a view to minimizing downtime and transition costs. We start remarketing the aircraft well before it comes off lease, leveraging our long-standing relationships with the airline community. We manage all commercial aspects of the transition, including any end of lease compensation payments, liaising with the lenders, and tax planning. We negotiate and agree documentation with the new lessee and manage all technical aspects of the transition. The latter includes monitoring of compliance of the out-going lessee with redelivery conditions and the contracting and management of subcontractors such as MROs, CAMOs and flight crew organisations, as we prepare the aircraft for delivery to the new lessee.

It is during unscheduled transitions, i.e. when a lessee defaults, that lessors really have to prove themselves. FPG Amentum looks back on a very strong track record of successful repossessions, including from jurisdictions such as China, India, Spain, Indonesia and Nigeria. FPG Amentum has often been the first lessor to regain control of its assets, a testament to our proven approach to repossessions and to our belief in having all core functions in-house.