Buyer Due Diligence in Acquisitions of Leased Aircraft: Lease Document Review and Seller and Lessee Representations | Katten Muchin Rosenman LLP
Key Points Populating a template lease summary is an effective way to confirm significant commercial, legal and technical provisions in lease due diligence. Comprehensive seller and lessee representations may be negotiated in the sale and lease-assignment agreements to round out the due diligence. Real-world examples of unscheduled lessor payment obligations to the lessee and successive lease term extensions demonstrate the efficacy of this approach. Introduction This advisory discusses how a buyer of a portfolio of aircraft subject to existing leases may effectively use a template lease summ...
Source: jdsupra.com