Legal Mechanisms for Handling Default in Aircraft Rental
Aircraft rental agreements, while offering operational flexibility and reduced capital expenditure compared to outright purchase, necessitate robust legal mechanisms to address the potential for lessee default. Given the substantial value of aircraft assets, meticulous contractual drafting and a thorough understanding of applicable law are paramount to protect the lessor’s interests. A complex interplay of contract law, secured transactions, and potentially international treaties governs the remedies available to a lessor in the event of lessee default. Read More