Aircraft Lease Transition Management (L7, 30 ECTS)

Status: Register Your Interest (Sept-23)

Level

Duration

1 Year

Department

Mechanical & Automobile Engineering

Start Date

TBC

Course Type

Flexible & Professional

Location

Shannon

Aircraft Lease Transition Management

The course is comprised of three modules:
1. Aircraft Lease Principles
2. Asset Transition Financials
3. Data and Project Management

Students will develop their awareness of the related Technical, Financial and Commercial principles and requirements necessary to ensure successful on schedule and on budget transitions.

Aircraft Leasing. This module introduces the participant to the global aircraft leasing industry and examines Irelands history and role within the sector. It is intended to acquaint the student with why Ireland is an attractive country for this industry. It will examine the major stakeholders and the size and fleet of the worlds leased aircraft fleet. It will focus on some of the key elements of a typical operating lease agreement and the responsibilities of the Lessor and Lessee during a lease term.

Asset Transition Financials: Students will gain an awareness of financial issues relating to the aircraft as an asset, its market value and the factors that have an effect on same. They will be able to demonstrate knowledge of the financial implications of transition management, how MRO hours are calculated and the relationship between the Maintenance Reserve fund and managing the asset.

Data and Project Management: Students will be able to develop a plan to effectively manage the aircraft technical data during the transition phase. They will be able to examine project details and evaluate information, presenting it for dissemination by technical teams during the process. They will be able to generate information and propose solutions to manage client obligations and expectations during negotiations.

Students will develop their awareness of the related Technical, Financial and Commercial principles and requirements necessary to ensure successful on schedule and on budget transitions of aircraft.

The course develops skillsets of experienced aircraft maintenance technician and individuals who have a good understanding of Aircraft Technical Records, Initial and Continued Airworthiness Management. The course develops the required additional knowledge of the financial costs of the Aircraft Lease Transition, of the contract, supplemental rent, delivery and redelivery conditions, the man hours, the engine shop visits, delivering a clear map of the elements required for successful transition, as well as project management and data.

What are the entry requirements?

1. Applicants are required to hold an aircraft maintenance qualification or aviation qualification at Level 6 or above or with relevant industry experience.

2.Current CV *must be up to date
Please note that successful applicants may be required to provide below supporting documents closer to programme start date. TBC by Springboard HEA.

3.Proof of nationality ie. passport
4.Proof of PPS/employment/social welfare/returner status dated within the last month (see below)
5.Proof of Residency (2019, 2020, 2021)

Recognised Prior Learning (RPL) / Special Case Registrations: Prospective participants who do not meet the entry requirements for the programme detailed above, but who may qualify for admission by meeting certain other equivalent criteria, should notify the Flexible Learning Office and request consideration under RPL.

Please submit your application online and then email Flexible@lit.ie requesting RPL consideration.

ENGLISH LANGUAGE: Applicants who do not have English as their first language must ensure they satisfy English Language requirements. For entry to undergraduate courses, a minimum score of 5.5 in an IELTS exam is required. For postgraduate courses, a minimum of 6.0 is required. It is the responsibility of the applicant to ensure their English proficiency meets these requirements.

Who can I contact?

What modules will I study?

Aircraft Lease Transition Management

The course is comprised of three modules:
1. Aircraft Lease Principles
2. Asset Transition Financials
3. Data & Project Management

Students will develop their awareness of the related Technical, Financial and Commercial principles and requirements necessary to ensure successful on schedule and on budget transitions.

Aircraft Leasing: This module introduces the participant to the global aircraft leasing industry and examines Irelands history and role within the sector. It is intended to acquaint the student with why Ireland is an attractive country for this industry. It will examine the major stakeholders and the size and fleet of the worlds leased aircraft fleet. It will focus on some of the key elements of a typical operating lease agreement and the responsibilities of the Lessor and Lessee during a lease term.

Asset & Transition Financials: Students will gain an awareness of financial issues relating to the aircraft as an asset, its market value and the factors that have an effect on same. They will be able to demonstrate knowledge of the financial implications of transition management, how MRO hours are calculated and the relationship between the Maintenance Reserve fund and managing the asset.

Data & Project Management: Students will be able to develop a plan to effectively manage the aircraft technical data during the transition phase. They will be able to examine project details and evaluate information, presenting it for dissemination by technical teams during the process. They will be able to generate information and propose solutions to manage client obligations and expectations during negotiations.

Irish lessors manage €80bn in assets worldwide, more than 250 companies involved in the aerospace sector in Ireland, employ around 42,000 full-time workers. Annually, up to 100 aircraft are transitioned at Shannon, generating an estimated €30 million worth of business to service providers in this field and is increasing due to the volume of aircraft being transitioned because of Covid 19 Pandemic. Locally the Shannon Cluster is a rich pool of students. Nationally, there are 2600 highly skilled jobs directly related to the MRO sector (Maintenance Overhaul Repair) in Ireland. These experienced personnel are ideal candidates for this course as they possess the technical knowledge and experience required for these roles but require key knowledge, which this course provides. Each year there are are 50-70 applications for 35-40 places, showing strong demand.

Target Cohort: Identified during ongoing input over a number of years with industry. Growing personnel requirements of these companies have highlighted the skills gaps. This has led to the target cohort of aircraft maintenance personnel, aircraft technical services representatives and individuals with an aviation degree background being identified. Graduates from other third level courses are targets as this course provides them with an opportunity to enter the industry with additional knowledge.

More Information

Assessment

This course will be assessed through 100% continuous assessment.

Application Deadline

The course will run over one academic year from September to June.
Classes will take place online one evening per week from 6pm to 9pm

Aircraft Leasing:10 weeks & 10 evenings
Asset Transition Financials: 10 weeks & 10 evenings: Online
Data and Project Management: 10 weeks & 10 evenings: Online
Weekly commitment approx. 20 hours depending on previous knowledge & work experience
Approx. 200 hours per module

For queries relating to the course

Contact: Jane Magill, Atlantic Air Adventure Park
Tel: 061 363687 / 087 2037487

Fees

€2,550* Springboard Funded for 2022

This programme is Springboard funded in 2022. Employed applicants will receive 90% funding and the subsidised 10% fee to be paid is €255. Unemployed applicants received 100% funding.

Click here for all Flexible Learning Policies & Procedures

This course will be Springboard funded for 22-23 academic year only. Applicants must complete this programme within this academic year. It is not possible to defer your place to the following academic year as we cannot guarantee that this course will run or be funded again. We would also advise you to review Former Springboard+ Participant guidelines

Successful Springboard applicants will be required to complete registration via the Springboard portal throughout the academic year to secure funding for their place. ***IMPORTANT NOTE: If your employment status changes during the application process this may affect your fees and Springboard funding. It is your responsibility to inform us by email to Springboard@lit.ie and to provide proof of new status**