Recent developments mean a delayed departure for LIBOR.
The cessation of most U.S. dollar LIBOR tenors has been delayed until June 30, 2023. Aircraft financiers, borrowers and lessors should take advantage of the...more
2/25/2021
/ Aircraft Financing ,
Alternative Reference Rates Committee (ARRC) ,
Aviation Industry ,
Borrowers ,
FDIC ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
ICE Benchmark Administration (IBA) ,
Lessor ,
Libor ,
OCC ,
Secured Overnight Funding Rate (SOFR)
Letters of Credit are an increasingly common feature of aviation leasing and finance transactions, typically as a cash replacement with respect to security deposits and/or maintenance reserves. The process for drawing under...more