If you are planning to buy an aircraft for commercial purposes, it is necessary to keep in mind that the aviation industry is highly specialized. Therefore, it is necessary for the aircraft operators to become familiar with the regulatory compliances. Besides, there may be tax issues affecting the ownership and operation of the aircraft. Although new technologies may deeply affect the aviation industry, strict Aircraft Compliance may be necessary for the safety of the passengers traveling regularly. Compliance measures also ensure proper maintenance of assets despite high maintenance costs.
Creating a team
When it comes to following Aircraft Compliance, it is necessary to build a team comprised of the pilot flight department, legal counsel, a tax advisor, an insurance agent, and the direct representatives. The reason why you must include so many departments in the team is that each is independent from the other. The regulatory requirements of the aircraft are many, so the involvement of an entire team is necessary for complying with the regulations. For instance, if the tax advisor or the flight department is involved in the ownership, the compliance issue is violated. Moreover, reviewing the aircraft operations within every few years is necessary to maintain compliance.
Compliance about the aircraft
Once the Aircraft Compliance is met regarding the registration and ownership of the aircraft, the team needs to review the aspects regarding the use of the aircraft. For instance, you need to know whether the owner of the aircraft or they are going to lease it to a different entity. Is the involvement of the flight crew mandatory? Will the lessee operate the aircraft? It is necessary to get the answers to all the questions to fulfill the compliance. The compliance issues regarding the operation of the aircraft, whether it is used for personal or business trips is an essential aspect to make the rules more consolidated and the use legal.
Safety and maintenance
The Aircraft Compliance also states he safety issues and ensure that the usage of the aircraft do not deviate from the defined standards. All the airline operators follow a method to analyze the effectiveness of its operations. So, compliance includes maintenance, inspection, and internal evaluation. Besides, compliance also involves proper documentation and the establishment of a defined system. Unless the airline operators follow the compliance issues, it may compromise the safety aspects. Furthermore, the aircraft needs to undergo maintenance to stay in proper shape and meet the safety of the passengers.
Cost of non-compliance
The aircraft operators need to comply with the regulations as the repercussions of non-compliance is typically high. Therefore, it is necessary for them to follow the compliance requirements. You can hire professional fleet solutions to assist the airlines for maintaining the companies and meet the maintenance requirements. Whether it is to meet the maintenance requirements, satisfying the actions of maintenance, reviewing the company’s health insurance, disability insurance, and the workers compensation, meeting the requirements is essential. The professional service providers can help you meet the compliance requirements and explain the consequences of non-compliance to allow you to operate the aircraft with ease. For more information visit here: Advocate Consulting Legal Group, PLLC.
