The High Court today gave the first decision, globally, of a Court of ultimate appeal on the question of the construction of Article XI(2) of the Cape Town Convention s protocol on Matters Specific to Aircraft Equipment (Aircraft Protocol), which is of seminal importance for financiers and lessors of aircraft property, insolvency administrators globally.
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Established lessors are likely to stay where they are as a new breed of local aviation leasing and financing companies is setting up shop in India, experts tell Dominic Lalk.
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