Key Points -
- The use by Malaysia Airlines' subsidiary, MAB Leasing Ltd. (incorporated in Malaysia) ("MABL"), in 2021, of an English Scheme of Arrangement (a "Scheme") to compromise its aircraft lease obligations proved...more
The leasing of a commercial aircraft to an airline in a foreign jurisdiction presents risks to the lessor and its secured lender, including whether an aircraft may readily be repossessed if a lease event of default occurs....more
6/22/2021
/ Aircraft ,
Aircraft Equipment ,
Aircraft Financing ,
Aircraft Sales ,
Airlines ,
Aviation Industry ,
Cape Town Convention ,
Commercial Bankruptcy ,
Cross-Border Transactions ,
Debt Restructuring ,
Debtors-in-Possession ,
Finance Lease Contract ,
Insolvency ,
Repossess
With the advent of the COVID-19 pandemic, our industry is forced to confront many challenges, including broad government mandates of indefinite duration restricting the movements of vast amounts of the global population. This...more
January 16, 2016 marked the arrival of "Implementation Day" under the July 14, 2015 Joint Comprehensive Plan of Action (JCPOA) between the United States, Iran, European Union, and the "P5+1" countries. Under this agreement,...more