Aviation Finance and Leasing 2025

ARMENIA

Russia

Georgia

Armenia

Yerevan

Azerbaijan

Law and Practice Contributed by: Narine Beglaryan, Arianna Adamyan and Anahit Aloyan Concern Dialog

Turkey

Iran

Contents 1. Aircraft and Engine Purchase and Sale p.17 1.1 Sales Agreements p.17 1.2 Transfer of Ownership p.17 2. Aircraft and Engine Leasing p.18 2.1 Overview p.18 2.2 Lease Terms p.19

2.3 Lease Registration p.20 2.4 Lessor’s Liabilities p.21 2.5 Insurance and Reinsurance p.23 2.6 Lease Enforcement p.23 2.7 Lease Assignment/Novation p.26 2.8 Aircraft Deregistration and Export p.27 2.9 Insolvency Proceedings p.29 2.10 Cape Town Convention and Others p.32 3. Aircraft Debt Finance p.32 3.1 Structuring p.32 3.2 Security p.33 3.3 Liens p.35 3.4 Enforcement p.36 4. Other Issues of Note p.37 4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft p.37 4.2 Current Legislative Proposals p.37

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