Jones Day: Recent Litigation Affecting Aircraft Financing



A Jones Day alert in a recent newsletter noted that airlines and aircraft lessors would be well advised in today’s economic climate to remain attuned to litigation outcomes that may affect the traditional rules for aircraft financing.

The law firm said that courts have recently decided cases involving applicability of insurance clauses in lease agreements, interpretation of lease terms controlling parties’ obligations, lessors’ rights upon default, lease obligations following bankruptcy, and the enforceability of liquidated damages provisions in lease contracts.

The report provides commentary, citing court cases, covering the following topics:

  • Insurance Clauses in Lease Agreements

  • Interpretation of Lease Terms Controlling Parties’ Obligations

  • Lessors’ Rights Upon Default

  • Lease Obligations Following Bankruptcy

  • Enforceability of Liquidated Damages Provisions

  • “Hell or Highwater” Clauses

    To read the full Jones Day article from its latest newsletter click here.

  • Leave a comment

    No tags available

    View Latest Digital Edition

    Terry Mulreany
    Subscriptions: 800 708 9373 x130
    terry.mulreany@monitordaily.com
    Susie Angelucci
    Advertising: 484.459.3016
    susie.angelucci@monitordaily.com

    View Latest Digital Edition

    Visit our sister website for news, information, exclusive articles,
    deal tables and more on the asset-based lending, factoring,
    and restructuring industries.
    www.abfjournal.com