Civil Aviation Act, 2009 (Act No. 13 of 2009)RegulationsCivil Aviation Regulations, 2011Part 48 : Leasing of AircraftSubpart 2 : Financial or Capital Leases48.02.1 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. |