Can Airlines Seek Relief under EETC Financing?
Due to the ongoing COVID-19 pandemic and the resulting economic malaise, lenders and investors are seeing a flood of requests from borrowers and issuers for relief on debt...more
Aircraft leases typically include standard representations and warranties regarding: (i) the power and authority of the lessee to enter into the agreement and the transactions contemplated by the agreement; (ii) the agreement...more
Apollo Settles Alleged Sanctions Violations: Aircraft Lessors Pay Attention -
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has broad delegated authority to administer and enforce the...more
12/20/2019
/ Aircraft Sales ,
Aviation Industry ,
Civil Monetary Penalty ,
Compliance ,
Economic Sanctions ,
Foreign Policy ,
International Emergency Economic Powers Act (IEEPA) ,
Know Your Customers ,
Office of Foreign Assets Control (OFAC) ,
Restrictive Covenants ,
Sanction Violations ,
SDN List ,
Sudan ,
Trading with the Enemy Act
Letters of credit are often issued in aircraft leasing transactions as an alternative to the provision of a cash security deposit and, less frequently, the obligation to pay maintenance reserves in cash. In an airline...more