Air Lease announced a long-term lease agreement with LOT (Poland) for a new Boeing 787-9 aircraft with Rolls Royce Trent 1000 engines. The aircraft is from Air Lease’s order book with Boeing and will deliver in Q2/18.
“We are very pleased to announce this new 787-9 lease placement with LOT. In addition to the six new 737 MAX 8s ALC placed with LOT last year (first delivery November 2017), the Dreamliner offers new efficiencies and an enhanced passenger experience that will better serve their growing route networks,” said Alex Khatibi, Air Lease’s executive vice president.
A choice of law clause in a commercial contract chosen by the parties is generally enforced. In Nedlloyd Lines B.V. v. Superior Court,1 the California Supreme Court concluded that choice of law provisions in a parties contract were enforceable. This... read more
Changing market demands are forcing transition in the vendor finance marketplace. What was once a simple sales finance tool used to facilitate the acquisition of capital equipment using firm-term contracts such as leases, loans or equipment finance agreements is now... read more