Furore over aircraft repossession | The Nation Newspaper thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.
Experts believe there is a possibility of more lessors putting in requests for the deregistration of planes leased to some other airline, thinking that they get stuck in litigation.
Irrevocable Deregistration and Export Request Authorisation, or IDERA, empowers lessors to get their aircraft deregistered from the registry of the country where the lessee is based, repossess them, and fly them out, in cases like those of lease payment defaults.