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Court highlights primacy of clear and unambiguous language in aircraft leases

Vedder Price PC
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United Kingdom
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May 22 2013

Following the Commercial Court decision in ACG Acquisition XX LLC v Olympic Airlines SA(1) (for further details please see "High Court rules on

The English Court of Appeal confirms the effectiveness of Certificates of Acceptance in aircraft leasing transactions

White & Case LLP
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United Kingdom
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May 1 2013

The Court of Appeal's recent decision in Olympic Airlines SA (in special liquidation) v ACG Acquisition XX LLC 2013 EWCA Civ 369 gives welcome

Olympic Airlines SA v ACG Acquisition XX LLC: contractual estoppel argument prevails.

DLA Piper
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United Kingdom
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April 23 2013

On 17 April 2013 the English Court of Appeal gave judgment in favour of Aviation Capital Group ("ACG") as respondent in an appeal filed by Olympic

Victory (again) for aircraft lessors in Olympic Airlines v. ACG

Dentons
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United Kingdom
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April 18 2013

On 17 April, the Court of Appeal ruled that Olympic Airlines' signature of an acceptance certificate at delivery of an aircraft under an operating

Liquidated damages can be construed as unreasonable penalty

Pillsbury Winthrop Shaw Pittman LLP
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USA
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February 26 2013

In this case before the U.S District Court of Nevada, plaintiff, GC Air, LLC (“GC Air”), leased an aircraft to Rancharrah Management, LLC

Once you take it back, it’s yours as-is

Pillsbury Winthrop Shaw Pittman LLP
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USA
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February 26 2013

US Airways sold three Boeing 737-3G7 aircraft to Wells Fargo, as trustee, as part of a sale-leaseback transaction. Each aircraft had a maximum takeoff

ACG v Olympic Airlines: the meaning of “airworthiness” and the “as-is, where-is” principle

Bird & Bird
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United Kingdom
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February 18 2013

The process for delivering an aircraft within a standard commercial operating lease generally has two key components. The lessee is responsible for

Robbed of parts, deprived of insurance why AVN 67B protection for aviation financiers may not be sufficient

Jones Day
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USA
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December 10 2012

Aviation financiers long have depended on insurance to protect their interests in aircraft, parts, and equipment

Olympic Airways judgment 2 May 2012

Norton Rose Australia
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United Kingdom
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September 26 2012

In May 2010 we reported on the application for summary judgment in ACG Acquisition XX LLC v Olympic Airlines S.A. 2010 EWHC 923 (Comm

Lessors of major aircraft parts take heed, your parts may be at risk

Vedder Price PC
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USA
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July 12 2012

Wells Fargo Bank Northwest, N.A., v. RPK Capital XVI, L.L.C., et al. (the RPK Case) is a recent case that presents a cautionary tale to leasing companies in the market of leasing major aircraft parts to operators

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Court highlights primacy of clear and unambiguous language in aircraft leases

The English Court of Appeal confirms the effectiveness of Certificates of Acceptance in aircraft leasing transactions

Olympic Airlines SA v ACG Acquisition XX LLC: contractual estoppel argument prevails.

Victory (again) for aircraft lessors in Olympic Airlines v. ACG

Liquidated damages can be construed as unreasonable penalty

Once you take it back, it’s yours as-is

ACG v Olympic Airlines: the meaning of “airworthiness” and the “as-is, where-is” principle

Robbed of parts, deprived of insurance why AVN 67B protection for aviation financiers may not be sufficient

Olympic Airways judgment 2 May 2012

Lessors of major aircraft parts take heed, your parts may be at risk

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