Aircraft Repossession and Enforcement

"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

1. 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.
2. 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.
3. 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.
4. 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.