Aircraft Repossession and Enforcement
Practical Aspects
By: Berend J. H. Crans, Ravi Nath
"Designed as a detailed practical guide to the management of aircraft during default periods and their repossession, this very useful book is also of great value as a preventive guide in the drafting of aircraft lease and financing contracts. Local aviation law experts from 32 jurisdictions worldwide provide in-depth responses, country by country, to an extremely detailed questionnaire that includes eighty 'real-life' questions." "Fees, time periods, costs of all kinds, remedies, immunities, required documentation, recognition of foreign judgments, interim measures - all these and many other crucial considerations are fully explained for each jurisdiction." --Book Jacket.
AI Overview
"Aircraft Repossession and Enforcement: Practical Aspects" is a two-volume set written by Ravi Nath and Berend J. H. Crans, first published in 2009. Here is a comprehensive overview of the book:
Key Themes
- Aircraft Finance and Lease Transactions: The book focuses on the practical aspects of managing aircraft during default periods and their subsequent repossession. It serves as a preventive guide for issues arising in aircraft finance or lease transactions.
- Default Scenarios: It addresses various default scenarios that can occur, including non-payment of lease rentals, lapses in insurance, licenses, authorizations, or registrations. It also covers unexpected liens, unanticipated navigation charges, and fleet detentions.
- Jurisdictional Differences: The book provides in-depth responses to an extensive questionnaire, covering eighty ‘real-life’ questions. These responses are country-specific, highlighting the differences in aviation law across 32 jurisdictions worldwide.
- Preventive Guidance: It offers expert practical guidance for drafting aircraft lease and financing contracts, aiming to prevent disputes and repossessions.
Plot Summary
The book is designed to be a detailed practical guide for managing aircraft during default periods and their subsequent repossession. It covers a wide range of topics, including:
- Default Events: The book explores various reasons for default events beyond the obvious non-payment of lease rentals.
- Documentation Interpretation: It discusses how interpretations of documentation can differ among jurisdictions.
- Contingencies: It highlights the numerous contingencies that can arise, such as unexpected liens or unanticipated navigation charges.
- Country-Specific Responses: Local aviation law experts from 32 jurisdictions worldwide provide detailed responses to an extensive questionnaire, covering real-life scenarios.
Critical Reception
The book is highly regarded for its precise, up-to-date information and expert practical guidance. It is considered invaluable for aviation lawyers, counsel for aircraft owners and operators, receivers, export credit agencies, banks, lessors, and investors interested in the aviation industry.
Target Audience
The book is aimed at professionals involved in the aviation industry, including:
- Aviation Lawyers
- Counsel for Aircraft Owners and Operators
- Receivers
- Export Credit Agencies
- Banks
- Lessors
- Investors
Overall, "Aircraft Repossession and Enforcement: Practical Aspects" is a comprehensive resource that provides detailed guidance on managing aircraft during default periods and their subsequent repossession, making it an essential tool for professionals in the aviation industry.