i Table of contents 594

Aviation Finance and Leasing 2025

Definitive global law guides offering comparative analysis from top-ranked lawyers

INTRODUCTION		6
Contributed by Paul P. Jebely, Paul P. Jebely		6
ARMENIA		16
Law and Practice		16
Contributed by Concern Dialog		16
AUSTRIA		39
Law and Practice		39
Contributed by Freshfields		39
Trends and Developments		58
Contributed by GHP Attorneys at Law		58
BRAZIL		63
Law and Practice		63
Contributed by Basch & Rameh		63
Trends and Developments		84
Contributed by Nantes Mello Advogados		84
CAYMAN ISLANDS		91
Law and Practice		91
Contributed by Walkers		91
CHAD		112
Law and Practice		112
Contributed by John W Ffooks & Co		112
CONGO BRAZZAVILLE		128
Law and Practice		128
Contributed by John W Ffooks & Co		128
CÔTE D’IVOIRE		143
Law and Practice		143
Contributed by John W Ffooks & Co		143
EGYPT		158
Law and Practice		158
Contributed by Matouk Bassiouny & Hennawy		158
FRANCE		176
Law and Practice		176
Contributed by HENAFF D’ESTREES		176
GERMANY		191
Law and Practice		191
Contributed by Freshfields		191
Trends and Developments		212
Contributed by activelaw Offenhausen.Wolter PartmbB		212
GREECE		216
Law and Practice		216
Contributed by Bahas, Gramatidis & Partners		216
HUNGARY		232
Law and Practice		232
Contributed by Lakatos, Köves & Partners		232
INDIA		253
Law and Practice		253
Contributed by Sarin & Co		253
Trends and Developments		272
Contributed by KLA Legal		272
INDONESIA		277
Law and Practice		277
Contributed by Mochtar Karuwin Komar		277
Trends and Developments		300
Contributed by Mochtar Karuwin Komar		300
IRELAND		306
Trends and Developments		306
Contributed by A&L Goodbody LLP		306
ISRAEL		311
Law and Practice		311
Contributed by Gottlieb Gera & Co Advocates		311
JAPAN		330
Law and Practice		330
Contributed by Mori Hamada & Matsumoto		330
Trends and Developments		347
Contributed by Mori Hamada & Matsumoto		347
LITHUANIA		352
Law and Practice		352
Contributed by Šulija & Partners		352
MADAGASCAR		369
Law and Practice		369
Contributed by John W Ffooks & Co		369
MALAYSIA		385
Law and Practice		385
Contributed by Abdullah Chan & Co		385
MALTA		404
Law and Practice		404
Contributed by Fenech & Fenech Advocates		404
Trends and Developments		425
Contributed by Mamo TCV Advocates		425
NIGERIA		429
Law and Practice		429
Contributed by Streamsowers & Köhn		429
Trends and Developments		449
Contributed by Streamsowers & Köhn		449
PANAMA		453
Law and Practice		453
Contributed by Patton Moreno & Asvat		453
PHILIPPINES		468
Law and Practice		468
Contributed by Tan Hassani and Counsels		468
RWANDA		487
Law and Practice		487
Contributed by Liedekerke Great Lakes		487
Trends and Developments		503
Contributed by Liedekerke Great Lakes		503
SENEGAL		507
Law and Practice		507
Contributed by John W Ffooks & Co		507
SERBIA		523
Law and Practice		523
Contributed by Drašković Popović & Partners		523
SPAIN		536
Law and Practice		536
Contributed by Lopez-Ibor Abogados		536
THAILAND		556
Law and Practice		556
Contributed by Tilleke & Gibbins		556
VIETNAM		577
Law and Practice		577
Contributed by Tilleke & Gibbins		577
1. Aircraft and Engine Purchase and Sale		18
1.1 Sales Agreements		18
1.2 Transfer of Ownership		18
2. Aircraft and Engine Leasing		19
2.1 Overview		19
2.2 Lease Terms		20
2.3 Lease Registration		21
2.4 Lessor’s Liabilities		22
2.5 Insurance and Reinsurance		24
2.6 Lease Enforcement		24
2.7 Lease Assignment/Novation		27
2.8 Aircraft Deregistration and Export		28
2.9 Insolvency Proceedings		30
2.10 Cape Town Convention and Others		33
3. Aircraft Debt Finance		33
3.1 Structuring		33
3.2 Security		34
3.3 Liens		36
3.4 Enforcement		37
4. Other Issues of Note		38
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		38
4.2 Current Legislative Proposals		38
1. Aircraft and Engine Purchase and Sale		41
1.1 Sales Agreements		41
1.2 Transfer of Ownership		41
2. Aircraft and Engine Leasing		42
2.1 Overview		42
2.2 Lease Terms		43
2.3 Lease Registration		44
2.4 Lessor’s Liabilities		45
2.5 Insurance and Reinsurance		45
2.6 Lease Enforcement		46
2.7 Lease Assignment/Novation		48
2.8 Aircraft Deregistration and Export		49
2.9 Insolvency Proceedings		50
2.10 Cape Town Convention and Others		52
3. Aircraft Debt Finance		52
3.1 Structuring		52
3.2 Security		53
3.3 Liens		56
3.4 Enforcement		56
4. Other Issues of Note		57
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		57
4.2 Current Legislative Proposals		57
1. Aircraft and Engine Purchase and Sale		65
1.1 Sales Agreements		65
1.2 Transfer of Ownership		65
2. Aircraft and Engine Leasing		66
2.1 Overview		66
2.2 Lease Terms		67
2.3 Lease Registration		68
2.4 Lessor’s Liabilities		69
2.5 Insurance and Reinsurance		70
2.6 Lease Enforcement		70
2.7 Lease Assignment/Novation		72
2.8 Aircraft Deregistration and Export		73
2.9 Insolvency Proceedings		75
2.10 Cape Town Convention and Others		77
3. Aircraft Debt Finance		79
3.1 Structuring		79
3.2 Security		79
3.3 Liens		82
3.4 Enforcement		82
4. Other Issues of Note		83
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		83
4.2 Current Legislative Proposals		83
1. Aircraft and Engine Purchase and Sale		93
1.1 Sales Agreements		93
1.2 Transfer of Ownership		93
2. Aircraft and Engine Leasing		94
2.1 Overview		94
2.2 Lease Terms		94
2.3 Lease Registration		95
2.4 Lessor’s Liabilities		96
2.5 Insurance and Reinsurance		97
2.6 Lease Enforcement		98
2.7 Lease Assignment/Novation		99
2.8 Aircraft Deregistration and Export		100
2.9 Insolvency Proceedings		102
2.10 Cape Town Convention and Others		106
3. Aircraft Debt Finance		106
3.1 Structuring		106
3.2 Security		107
3.3 Liens		109
3.4 Enforcement		110
4. Other Issues of Note		111
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		111
4.2 Current Legislative Proposals		111
1. Aircraft and Engine Purchase and Sale		114
1.1 Sales Agreements		114
1.2 Transfer of Ownership		114
2. Aircraft and Engine Leasing		115
2.1 Overview		115
2.2 Lease Terms		115
2.3 Lease Registration		116
2.4 Lessor’s Liabilities		117
2.5 Insurance and Reinsurance		117
2.6 Lease Enforcement		118
2.7 Lease Assignment/Novation		119
2.8 Aircraft Deregistration and Export		120
2.9 Insolvency Proceedings		121
2.10 Cape Town Convention and Others		123
3. Aircraft Debt Finance		124
3.1 Structuring		124
3.2 Security		125
3.3 Liens		126
3.4 Enforcement		126
4. Other Issues of Note		127
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		127
4.2 Current Legislative Proposals		127
1. Aircraft and Engine Purchase and Sale		130
1.1 Sales Agreements		130
1.2 Transfer of Ownership		130
2. Aircraft and Engine Leasing		131
2.1 Overview		131
2.2 Lease Terms		131
2.3 Lease Registration		132
2.4 Lessor’s Liabilities		132
2.5 Insurance and Reinsurance		133
2.6 Lease Enforcement		134
2.7 Lease Assignment/Novation		135
2.8 Aircraft Deregistration and Export		135
2.9 Insolvency Proceedings		136
2.10 Cape Town Convention and Others		138
3. Aircraft Debt Finance		139
3.1 Structuring		139
3.2 Security		139
3.3 Liens		141
3.4 Enforcement		141
4. Other Issues of Note		142
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		142
4.2 Current Legislative Proposals		142
1. Aircraft and Engine Purchase and Sale		145
1.1 Sales Agreements		145
1.2 Transfer of Ownership		145
2. Aircraft and Engine Leasing		145
2.1 Overview		145
2.2 Lease Terms		146
2.3 Lease Registration		146
2.4 Lessor’s Liabilities		147
2.5 Insurance and Reinsurance		147
2.6 Lease Enforcement		148
2.7 Lease Assignment/Novation		149
2.8 Aircraft Deregistration and Export		149
2.9 Insolvency Proceedings		151
2.10 Cape Town Convention and Others		153
3. Aircraft Debt Finance		153
3.1 Structuring		153
3.2 Security		154
3.3 Liens		155
3.4 Enforcement		156
4. Other Issues of Note		157
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		157
4.2 Current Legislative Proposals		157
1. Aircraft and Engine Purchase and Sale		160
1.1 Sales Agreements		160
1.2 Transfer of Ownership		160
2. Aircraft and Engine Leasing		161
2.1 Overview		161
2.2 Lease Terms		161
2.3 Lease Registration		162
2.4 Lessor’s Liabilities		164
2.5 Insurance and Reinsurance		164
2.6 Lease Enforcement		164
2.7 Lease Assignment/Novation		167
2.8 Aircraft Deregistration and Export		167
2.9 Insolvency Proceedings		169
2.10 Cape Town Convention and Others		171
3. Aircraft Debt Finance		172
3.1 Structuring		172
3.2 Security		173
3.3 Liens		174
3.4 Enforcement		175
4. Other Issues of Note		175
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		175
4.2 Current Legislative Proposals		175
1. Aircraft and Engine Purchase and Sale		178
1.1 Sales Agreements		178
1.2 Transfer of Ownership		178
2. Aircraft and Engine Leasing		179
2.1 Overview		179
2.2 Lease Terms		179
2.3 Lease Registration		179
2.4 Lessor’s Liabilities		180
2.5 Insurance and Reinsurance		181
2.6 Lease Enforcement		181
2.7 Lease Assignment/Novation		182
2.8 Aircraft Deregistration and Export		183
2.9 Insolvency Proceedings		184
2.10 Cape Town Convention and Others		186
3. Aircraft Debt Finance		186
3.1 Structuring		186
3.2 Security		187
3.3 Liens		188
3.4 Enforcement		189
4. Other Issues of Note		190
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		190
4.2 Current Legislative Proposals		190
1. Aircraft and Engine Purchase and Sale		193
1.1 Sales Agreements		193
1.2 Transfer of Ownership		193
2. Aircraft and Engine Leasing		194
2.1 Overview		194
2.2 Lease Terms		195
2.3 Lease Registration		196
2.4 Lessor’s Liabilities		197
2.5 Insurance and Reinsurance		197
2.6 Lease Enforcement		198
2.7 Lease Assignment/Novation		200
2.8 Aircraft Deregistration and Export		201
2.9 Insolvency Proceedings		203
2.10 Cape Town Convention and Others		205
3. Aircraft Debt Finance		205
3.1 Structuring		205
3.2 Security		206
3.3 Liens		208
3.4 Enforcement		209
4. Other Issues of Note		210
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		210
4.2 Current Legislative Proposals		210
1. Aircraft and Engine Purchase and Sale		218
1.1 Sales Agreements		218
1.2 Transfer of Ownership		218
2. Aircraft and Engine Leasing		219
2.1 Overview		219
2.2 Lease Terms		220
2.3 Lease Registration		220
2.4 Lessor’s Liabilities		221
2.5 Insurance and Reinsurance		222
2.6 Lease Enforcement		222
2.7 Lease Assignment/Novation		223
2.8 Aircraft Deregistration and Export		224
2.9 Insolvency Proceedings		225
2.10 Cape Town Convention and Others		228
3. Aircraft Debt Finance		228
3.1 Structuring		228
3.2 Security		229
3.3 Liens		230
3.4 Enforcement		231
4. Other Issues of Note		231
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		231
4.2 Current Legislative Proposals		231
1. Aircraft and Engine Purchase and Sale		234
1.1 Sales Agreements		234
1.2 Transfer of Ownership		234
2. Aircraft and Engine Leasing		236
2.1 Overview		236
2.2 Lease Terms		236
2.3 Lease Registration		237
2.4 Lessor’s Liabilities		238
2.5 Insurance and Reinsurance		238
2.6 Lease Enforcement		239
2.7 Lease Assignment/Novation		240
2.8 Aircraft Deregistration and Export		241
2.9 Insolvency Proceedings		243
2.10 Cape Town Convention and Others		246
3. Aircraft Debt Finance		246
3.1 Structuring		246
3.2 Security		247
3.3 Liens		249
3.4 Enforcement		250
4. Other Issues of Note		251
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		251
4.2 Current Legislative Proposals		252
1. Aircraft and Engine Purchase and Sale		255
1.1 Sales Agreements		255
1.2 Transfer of Ownership		255
2. Aircraft and Engine Leasing		255
2.1 Overview		255
2.2 Lease Terms		256
2.3 Lease Registration		256
2.4 Lessor’s Liabilities		257
2.5 Insurance and Reinsurance		258
2.6 Lease Enforcement		259
2.7 Lease Assignment/Novation		261
2.8 Aircraft Deregistration and Export		261
2.9 Insolvency Proceedings		263
2.10 Cape Town Convention and Others		265
3. Aircraft Debt Finance		267
3.1 Structuring		267
3.2 Security		268
3.3 Liens		269
3.4 Enforcement		270
4. Other Issues of Note		271
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		271
4.2 Current Legislative Proposals		271
1. Aircraft and Engine Purchase and Sale		279
1.1 Sales Agreements		279
1.2 Transfer of Ownership		279
2. Aircraft and Engine Leasing		280
2.1 Overview		280
2.2 Lease Terms		281
2.3 Lease Registration		282
2.4 Lessor’s Liabilities		283
2.5 Insurance and Reinsurance		284
2.6 Lease Enforcement		284
2.7 Lease Assignment/Novation		288
2.8 Aircraft Deregistration and Export		289
2.9 Insolvency Proceedings		291
2.10 Cape Town Convention and Others		293
3. Aircraft Debt Finance		294
3.1 Structuring		294
3.2 Security		295
3.3 Liens		297
3.4 Enforcement		298
4. Other Issues of Note		299
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		299
4.2 Current Legislative Proposals		299
1. Aircraft and Engine Purchase and Sale		313
1.1 Sales Agreements		313
1.2 Transfer of Ownership		313
2. Aircraft and Engine Leasing		315
2.1 Overview		315
2.2 Lease Terms		315
2.3 Lease Registration		315
2.4 Lessor’s Liabilities		316
2.5 Insurance and Reinsurance		317
2.6 Lease Enforcement		318
2.7 Lease Assignment/Novation		320
2.8 Aircraft Deregistration and Export		321
2.9 Insolvency Proceedings		322
2.10 Cape Town Convention and Others		324
3. Aircraft Debt Finance		325
3.1 Structuring		325
3.2 Security		326
3.3 Liens		328
3.4 Enforcement		329
4. Other Issues of Note		329
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		329
4.2 Current Legislative Proposals		329
1. Aircraft and Engine Purchase and Sale		332
1.1 Sales Agreements		332
1.2 Transfer of Ownership		332
2. Aircraft and Engine Leasing		333
2.1 Overview		333
2.2 Lease Terms		334
2.3 Lease Registration		334
2.4 Lessor’s Liabilities		335
2.5 Insurance and Reinsurance		336
2.6 Lease Enforcement		336
2.7 Lease Assignment/Novation		338
2.8 Aircraft Deregistration and Export		338
2.9 Insolvency Proceedings		339
2.10 Cape Town Convention and Others		341
3. Aircraft Debt Finance		341
3.1 Structuring		341
3.2 Security		342
3.3 Liens		344
3.4 Enforcement		345
4. Other Issues of Note		346
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		346
4.2 Current Legislative Proposals		346
1. Aircraft and Engine Purchase and Sale		354
1.1 Sales Agreements		354
1.2 Transfer of Ownership		354
2. Aircraft and Engine Leasing		355
2.1 Overview		355
2.2 Lease Terms		356
2.3 Lease Registration		356
2.4 Lessor’s Liabilities		357
2.5 Insurance and Reinsurance		357
2.6 Lease Enforcement		358
2.7 Lease Assignment/Novation		360
2.8 Aircraft Deregistration and Export		360
2.9 Insolvency Proceedings		361
2.10 Cape Town Convention and Others		363
3. Aircraft Debt Finance		365
3.1 Structuring		365
3.2 Security		365
3.3 Liens		366
3.4 Enforcement		367
4. Other Issues of Note		368
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		368
4.2 Current Legislative Proposals		368
1. Aircraft and Engine Purchase and Sale		371
1.1 Sales Agreements		371
1.2 Transfer of Ownership		371
2. Aircraft and Engine Leasing		371
2.1 Overview		371
2.2 Lease Terms		372
2.3 Lease Registration		372
2.4 Lessor’s Liabilities		373
2.5 Insurance and Reinsurance		374
2.6 Lease Enforcement		374
2.7 Lease Assignment/Novation		376
2.8 Aircraft Deregistration and Export		376
2.9 Insolvency Proceedings		378
2.10 Cape Town Convention and Others		381
3. Aircraft Debt Finance		381
3.1 Structuring		381
3.2 Security		382
3.3 Liens		383
3.4 Enforcement		384
4. Other Issues of Note		384
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		384
4.2 Current Legislative Proposals		384
1. Aircraft and Engine Purchase and Sale		387
1.1 Sales Agreements		387
1.2 Transfer of Ownership		387
2. Aircraft and Engine Leasing		388
2.1 Overview		388
2.2 Lease Terms		388
2.3 Lease Registration		389
2.4 Lessor’s Liabilities		390
2.5 Insurance and Reinsurance		390
2.6 Lease Enforcement		391
2.7 Lease Assignment/Novation		393
2.8 Aircraft Deregistration and Export		394
2.9 Insolvency Proceedings		395
2.10 Cape Town Convention and Others		398
3. Aircraft Debt Finance		398
3.1 Structuring		398
3.2 Security		399
3.3 Liens		401
3.4 Enforcement		402
4. Other Issues of Note		403
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		403
4.2 Current Legislative Proposals		403
1. Aircraft and Engine Purchase and Sale		406
1.1 Sales Agreements		406
1.2 Transfer of Ownership		406
2. Aircraft and Engine Leasing		407
2.1 Overview		407
2.2 Lease Terms		408
2.3 Lease Registration		408
2.4 Lessor’s Liabilities		410
2.5 Insurance and Reinsurance		410
2.6 Lease Enforcement		411
2.7 Lease Assignment/Novation		413
2.8 Aircraft Deregistration and Export		415
2.9 Insolvency Proceedings		417
2.10 Cape Town Convention and Others		419
3. Aircraft Debt Finance		420
3.1 Structuring		420
3.2 Security		421
3.3 Liens		423
3.4 Enforcement		423
4. Other Issues of Note		424
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		424
4.2 Current Legislative Proposals		424
1. Aircraft and Engine Purchase and Sale		431
1.1 Sales Agreements		431
1.2 Transfer of Ownership		431
2. Aircraft and Engine Leasing		432
2.1 Overview		432
2.2 Lease Terms		433
2.3 Lease Registration		433
2.4 Lessor’s Liabilities		435
2.5 Insurance and Reinsurance		436
2.6 Lease Enforcement		436
2.7 Lease Assignment/Novation		438
2.8 Aircraft Deregistration and Export		439
2.9 Insolvency Proceedings		441
2.10 Cape Town Convention and Others		442
3. Aircraft Debt Finance		444
3.1 Structuring		444
3.2 Security		445
3.3 Liens		446
3.4 Enforcement		447
4. Other Issues of Note		448
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		448
4.2 Current Legislative Proposals		448
1. Aircraft and Engine Purchase and Sale		455
1.1 Sales Agreements		455
1.2 Transfer of Ownership		455
2. Aircraft and Engine Leasing		455
2.1 Overview		455
2.2 Lease Terms		456
2.3 Lease Registration		456
2.4 Lessor’s Liabilities		457
2.5 Insurance and Reinsurance		458
2.6 Lease Enforcement		458
2.7 Lease Assignment/Novation		460
2.8 Aircraft Deregistration and Export		461
2.9 Insolvency Proceedings		462
2.10 Cape Town Convention and Others		463
3. Aircraft Debt Finance		464
3.1 Structuring		464
3.2 Security		465
3.3 Liens		466
3.4 Enforcement		467
4. Other Issues of Note		467
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		467
4.2 Current Legislative Proposals		467
1. Aircraft and Engine Purchase and Sale		470
1.1 Sales Agreements		470
1.2 Transfer of Ownership		470
2. Aircraft and Engine Leasing		471
2.1 Overview		471
2.2 Lease Terms		472
2.3 Lease Registration		473
2.4 Lessor’s Liabilities		474
2.5 Insurance and Reinsurance		474
2.6 Lease Enforcement		475
2.7 Lease Assignment/Novation		477
2.8 Aircraft Deregistration and Export		477
2.9 Insolvency Proceedings		479
2.10 Cape Town Convention and Others		481
3. Aircraft Debt Finance		481
3.1 Structuring		481
3.2 Security		482
3.3 Liens		484
3.4 Enforcement		485
4. Other Issues of Note		486
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		486
4.2 Current Legislative Proposals		486
1. Aircraft and Engine Purchase and Sale		489
1.1 Sales Agreements		489
1.2 Transfer of Ownership		489
2. Aircraft and Engine Leasing		490
2.1 Overview		490
2.2 Lease Terms		490
2.3 Lease Registration		491
2.4 Lessor’s Liabilities		492
2.5 Insurance and Reinsurance		492
2.6 Lease Enforcement		493
2.7 Lease Assignment/Novation		494
2.8 Aircraft Deregistration and Export		495
2.9 Insolvency Proceedings		496
2.10 Cape Town Convention and Others		498
3. Aircraft Debt Finance		499
3.1 Structuring		499
3.2 Security		500
3.3 Liens		501
3.4 Enforcement		502
4. Other Issues of Note		502
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		502
4.2 Current Legislative Proposals		502
1. Aircraft and Engine Purchase and Sale		509
1.1 Sales Agreements		509
1.2 Transfer of Ownership		509
2. Aircraft and Engine Leasing		509
2.1 Overview		509
2.2 Lease Terms		510
2.3 Lease Registration		510
2.4 Lessor’s Liabilities		511
2.5 Insurance and Reinsurance		512
2.6 Lease Enforcement		512
2.7 Lease Assignment/Novation		514
2.8 Aircraft Deregistration and Export		514
2.9 Insolvency Proceedings		515
2.10 Cape Town Convention and Others		517
3. Aircraft Debt Finance		518
3.1 Structuring		518
3.2 Security		519
3.3 Liens		520
3.4 Enforcement		522
4. Other Issues of Note		522
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		522
4.2 Current Legislative Proposals		522
1. Aircraft and Engine Purchase and Sale		525
1.1 Sales Agreements		525
1.2 Transfer of Ownership		525
2. Aircraft and Engine Leasing		526
2.1 Overview		526
2.2 Lease Terms		526
2.3 Lease Registration		526
2.4 Lessor’s Liabilities		527
2.5 Insurance and Reinsurance		527
2.6 Lease Enforcement		528
2.7 Lease Assignment/Novation		529
2.8 Aircraft Deregistration and Export		529
2.9 Insolvency Proceedings		531
2.10 Cape Town Convention and Others		532
3. Aircraft Debt Finance		533
3.1 Structuring		533
3.2 Security		533
3.3 Liens		534
3.4 Enforcement		535
4. Other Issues of Note		535
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		535
4.2 Current Legislative Proposals		535
1. Aircraft and Engine Purchase and Sale		538
1.1 Sales Agreements		538
1.2 Transfer of Ownership		538
2. Aircraft and Engine Leasing		539
2.1 Overview		539
2.2 Lease Terms		539
2.3 Lease Registration		539
2.4 Lessor’s Liabilities		540
2.5 Insurance and Reinsurance		541
2.6 Lease Enforcement		541
2.7 Lease Assignment/Novation		544
2.8 Aircraft Deregistration and Export		545
2.9 Insolvency Proceedings		546
2.10 Cape Town Convention and Others		550
3. Aircraft Debt Finance		551
3.1 Structuring		551
3.2 Security		552
3.3 Liens		554
3.4 Enforcement		554
4. Other Issues of Note		555
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		555
4.2 Current Legislative Proposals		555
1. Aircraft and Engine Purchase and Sale		558
1.1 Sales Agreements		558
1.2 Transfer of Ownership		558
2. Aircraft and Engine Leasing		559
2.1 Overview		559
2.2 Lease Terms		560
2.3 Lease Registration		560
2.4 Lessor’s Liabilities		561
2.5 Insurance and Reinsurance		563
2.6 Lease Enforcement		563
2.7 Lease Assignment/Novation		565
2.8 Aircraft Deregistration and Export		567
2.9 Insolvency Proceedings		569
2.10 Cape Town Convention and Others		570
3. Aircraft Debt Finance		571
3.1 Structuring		571
3.2 Security		572
3.3 Liens		574
3.4 Enforcement		575
4. Other Issues of Note		576
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		576
4.2 Current Legislative Proposals		576
1. Aircraft and Engine Purchase and Sale		579
1.1 Sales Agreements		579
1.2 Transfer of Ownership		579
2. Aircraft and Engine Leasing		580
2.1 Overview		580
2.2 Lease Terms		581
2.3 Lease Registration		582
2.4 Lessor’s Liabilities		582
2.5 Insurance and Reinsurance		583
2.6 Lease Enforcement		584
2.7 Lease Assignment/Novation		585
2.8 Aircraft Deregistration and Export		586
2.9 Insolvency Proceedings		588
2.10 Cape Town Convention and Others		590
3. Aircraft Debt Finance		590
3.1 Structuring		590
3.2 Security		592
3.3 Liens		593
3.4 Enforcement		594
4. Other Issues of Note		594
4.1 Issues Relevant to Domestic Purchase, Sale, Lease or Debt Finance of Aircraft		594
4.2 Current Legislative Proposals		594

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