Aviation Finance and Leasing 2025

PANAMA

Nicaragua

Panama City

Costa Rica

Law and Practice Contributed by: María de Lourdes Marengo and Joaquín De Obarrio Patton Moreno & Asvat

Panama

Colombia

Contents 1. Aircraft and Engine Purchase and Sale p.454 1.1 Sales Agreements p.454 1.2 Transfer of Ownership p.454 2. Aircraft and Engine Leasing p.454 2.1 Overview p.454 2.2 Lease Terms p.455

2.3 Lease Registration p.455 2.4 Lessor’s Liabilities p.456 2.5 Insurance and Reinsurance p.457 2.6 Lease Enforcement p.457 2.7 Lease Assignment/Novation p.459 2.8 Aircraft Deregistration and Export p.460 2.9 Insolvency Proceedings p.461 2.10 Cape Town Convention and Others p.462 3. Aircraft Debt Finance p.463 3.1 Structuring p.463 3.2 Security p.464 3.3 Liens p.465 3.4 Enforcement p.466 4. Other Issues of Note p.466 4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft p.466 4.2 Current Legislative Proposals p.466

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