This unique module is the world's leading academic course on aircraft leasing. More than half of all commercial aircraft are currently leased and this important module aims to provide students with a thorough and systematic coverage of the important aspects of aircraft leasing and it explains why this financing mechanism has become a core competency when acquiring aircraft. The five major objectives of the module are: - To provide a thorough examination of the aircraft and engine leasing market - To outline the different mechanisms that are available to finance aircraft - To provide a comprehensive analysis of the content of an operating and financial lease - To determine how aircraft are financially valued throughout their economic life - To provide students with experiential learning of the how aircraft operating leases are negotiated between leasing companies and airlines

Overview and development of the aircraft and engine leasing industry; Different ways to finance aircraft; Characteristics of the different types of Aircraft Leases; An in-depth analysis of an Operating Lease; Risk analysis and mitigation insurance; Analysis of other aircraft financing techniques including finance lease, EETC and ABS; Engine Leasing; Legal status of aircraft, jurisdiction, nationality and registration; Aircraft valuation; Financial and technical issues arising in the context of lease negotiations; Maintenance reserves; Return conditions of aircraft; Aircraft Repossession - the Cape Town Convention

On successful completion of this module, students will be able to: - Distinguish between and examine the aircraft and engine leasing business and its trends - Discover the different types of financing including securitisation that is available in the marketplace when procuring aircraft - Establish the crucial terms in operating leases, such as deposits, maintenance reserves, return provisions, operating restrictions and defaults - Formulate and negotiate an aircraft/engine leasing letter of intent - Identify and examine the legalities and associated risks of aircraft asset management

On successful completion of this module, students will be able to: - Display a level of expertise in aircraft leasing contracts - Participate in valuing aircraft throughout their economic life cycle - Display a culture of 'fine tuning' a leasing contract so that it meets the customer requirements - Attempt to visually match the condition of the leased aircraft to the specifications set out in the lease agreement.

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The module will be delivered in a blended format (with the online aspect facilitated by the University's Virtual Learning Environment (VLE)), with a significant amount of student group work. Self-directed study is supported with guided reading and online content via the virtual learning environment. While based on essential academic theories, concepts and techniques there will also be significant focus afforded to individual personal development allied with the practical application of learning within the workplace. Graduate attributes will be developed in the following ways: - Knowledgeable: Students will gain a deep knowledge of through practical examples, coursework and in-class groupwork; - Proactive: Students are expected to be proactive in their own learning through independent study and self-directed learning; - Responsible: Students will develop a sense of responsibility through class discussions on various ethical issues; - Collaborative: Students will be required to participate in class discussions and group work; - Articulate: Students will become articulate in expressing advice through the use of in-class discussions, presentations and written coursework.