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Old 11-18-2024 | 02:12 PM
  #153  
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rickair7777
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From: Engines Turn or People Swim
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Originally Posted by Flyby1206
There will be no aircraft lessor contract slashing
That's for sure. There is no alternate reality where a judge imposes adverse terms on the lessor and the debtor gets to keep the planes... the lessor simply repos their planes if their original contract is breached.

The planes remain their property at all times.

Similar would apply for owned but mortgaged assets, if the assets are designated collateral.
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