News & Analysis as of

Aviation Industry Leases

A&O Shearman

JOLCO-motion denied: aircraft finance termination payments not penalties

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The English High Court has found that termination payments under Japanese Operating Lease with Call Option (JOLCO) structures did not amount to unenforceable penalties....more

Conyers

Key Takeaways from Airline Economics Dublin 2025

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The 2025 Airline Economics Conference in Dublin highlighted several key trends and challenges currently shaping the aviation industry, with a particular focus on the leasing sector, sustainability, profitability, and...more

Cranfill Sumner LLP

So, You Bought A Plane, Now What?

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For many of our clients, aircraft ownership is not only practical (having one aircraft on which to train for a pilot certificate can increase efficiencies, for example), but it can also be a business advantage. However,...more

Sheppard Mullin Richter & Hampton LLP

Remedy for Russian Aircraft Expropriation – FSIA Lawsuit

Is it possible that the Russian government wants to compensate the aviation leasing companies for aircraft and engines that the government expropriated?  Russia expropriated aircraft and engines of multiple U.S. leasing...more

Vinson & Elkins LLP

S.D.N.Y. Awards Aircraft Owner Over $406 Million for Aircraft and Engines Trapped in Russia

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U.S. companies that found their assets caught up in Russia at the start of the Russia/Ukraine conflict may find relief on paper from U.S. courts. But it remains to be seen whether they can recover in practice....more

Vinson & Elkins LLP

SOFR: Coming in for Landing

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With the last U.S. dollar (“USD”) LIBOR tenors being discontinued on June 30, 2023, the time has come for borrowers and lenders (and lessees and lessors) to think about replacing LIBOR in their existing facilities....more

Walkers

Chambers Global Aviation Finance & Leasing Guide 2022: Cayman Islands

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In the 2022 Chambers and Partners Global Aviation Finance & Leasing Guide for the Cayman Islands, our aviation experts provide a comprehensive overview of the latest legal information regarding aircraft and engine purchase...more

Holland & Knight LLP

Briefing Sheet on EU Sanctions and Aviation Insurance Prohibition

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Regulation 2022/328 was adopted by the European Union (EU) on Feb. 25, 2022, in relation to the Russia-Ukraine crisis. The Regulation took effect on Feb. 26, 2022....more

White & Case LLP

How aircraft lessors are weathering the storm

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Aircraft leasing companies are the backbone of modern commercial aviation. Lessors now account for an estimated 60 percent of new passenger jet deliveries, up from approximately 45 percent on the eve of the pandemic and just...more

Katten Muchin Rosenman LLP

Buyer Due Diligence in Acquisitions of Leased Aircraft: Lease Document Review and Seller and Lessee Representations

Key Points - - Populating a template lease summary is an effective way to confirm significant commercial, legal and technical provisions in lease due diligence. - Comprehensive seller and lessee representations may be...more

K&L Gates LLP

Conflicting Dispute Resolution Provisions: English Court Stays its own Proceedings in Favour of International Arbitration in...

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SUMMARY - In Helice Leasing S.A.S. v PT Garuda Indonesia (Persero) TBK [2021] EWHC 99 (Comm), the English Commercial Court has interpreted conflicting dispute resolution provisions and ordered a stay of court proceedings in...more

Husch Blackwell LLP

Is Your Aircraft Lease Agreement Ready For A Review By The FAA?

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With the recently updated inspection guidance published by the Federal Aviation Administration (FAA) and “informal” letters being sent to many pilots, the FAA is signaling an effort of increased scrutiny of aircraft lease...more

Vedder Price

Wallis Trading v Air Tanzania The Importance of Standard Lessee Representations and Warranties

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Aircraft leases typically include standard representations and warranties regarding: (i) the power and authority of the lessee to enter into the agreement and the transactions contemplated by the agreement; (ii) the agreement...more

Holland & Hart LLP

OFAC: Sanctions Compliance Provisions in Lease Agreements Alone May Be Insufficient

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On November 7, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced in an Enforcement Information that Apollo Aviation Group, LLC (Apollo), a Florida-based commercial aviation...more

Vedder Price

Embraer v. Dougherty Air Trustee: Avoiding Foot Faults in Your Residual Value Guarantee Contract

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In the early 1990s, airlines primarily relied on two types of aircraft to transport their passengers: (1) small turboprops and (2) single-aisle 100-seat jets. Seeking to exploit a potential gap in the market, Bombardier and...more

A&O Shearman

"As is where is" revisited – allocating risk through the acceptance certificate

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(Aquila WSA Aviation Opportunities II Ltd v Onur Air Tasimacilik As [2018] EWHC 519 (Comm)). Introduction – the facts - Onur Air, a Turkish airline, needed a temporary replacement engine for one of its aircraft. So, it...more

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