Clear Skies (November 2010 - continues to be relevant)
Client Briefing
This briefing looks at the Court decision in Celestial Aviation Trading 71 Limited v Paramount Airways Private Ltd [2010] EWHC 185 (Comm).
The case confirmed that a defaulting lessee under an aircraft operating lease is not entitled to relief against forfeiture. An operating lessor, which has not been paid its rent, can terminate the lease and get its aircraft back.
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