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Civil Aviation Act, 2009 (Act No. 13 of 2009)

Regulations

Civil Aviation Regulations, 2011

Part 48 : Leasing of Aircraft

Subpart 2 : Financial or Capital Leases

48.02.1 Filing of lease agreement

 

(1) Any South African operator, who enters into a financial or capital lease agreement as lessee in respect of an aircraft, must—
(a) provide the Director with a certified copy thereof; and
(b) adhere to the provisions of the Convention on the International Recognition of Rights in Aircraft Act, 1993 (Act No. 59 of 1993), where applicable.

 

(2) Any aircraft, acquired on a financial or capital lease, to be used for the provision of an air service, shall—
(a) be deemed to be on a dry lease, and the provisions of regulation 48.03.1 shall apply with the necessary changes; and
(b) be put on the South African Civil Aircraft Register, if not already so registered, in accordance with the provisions of Part 47.

 

 


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