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Breach of Contract › Aircraft Financing

Pillsbury Winthrop Shaw Pittman LLP

VietJet v FW Aviation: Latest Developments

Pillsbury Winthrop Shaw Pittman LLP on

In the context of security assignments, the judgment again emphasises the distinction between day-one assigned rights, on the one hand, and other rights and remedies exercisable only following an enforcement event, on the...more

A&O Shearman

JOLCO-motion denied: aircraft finance termination payments not penalties

A&O Shearman on

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

Vedder Price

Comerica Leasing Corporation v Bombardier Inc.

Vedder Price on

History of Residual Value Guarantees - In the late 1990s and early 2000s, manufacturers like Bombardier and Embraer increasingly began offering residual value guarantees (RVGs) to airlines and investors, typically...more

Vedder Price

A Bird on the Ground Is Worth One in the Sky: Lessons from ALC v. Far Eastern Air Transport Corp.

Vedder Price on

On May 22, 2019, the U.S. District Court for the Central District of California decided Air Lease Corporation; ALC B378 41345, LLC; and ALC B378 37772 v. Far Eastern Air Transport Corp. The case was based on an allegation...more

Holland & Knight LLP

Are Lessors Responsible for Interference With Lessee Quiet Enjoyment Rights?

Holland & Knight LLP on

In the course of an aircraft lease negotiation, the lessee will typically seek to ensure that the lessor provides an express covenant to the lessee that for so long as no default has occurred and is continuing under the...more

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