English High Court Confirms Enforceability of Termination Sum Provisions in JOLCO Structures
By EsqSocial Corporation 29/04/25
The English High Court has confirmed the enforceability of provisions providing for significant termination payments from a defaulting airline following the termination of an aircraft leasing arrangement using a JOLCO Structure. On 17 April 2025, Mr. Justice Picken issued a judgment that will likely be regarded in the aircraft leasing community as a reinforcement of lessors’ rights following lease defaults in JOLCO Structures. However, the decision looks set to generate wider interest as market...
By: Morgan Lewis