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Aviation

12 June 2019
Kenneth D Basch Aircraft repossession: judiciary fails to uphold local law or Cape Town Convention

Brazil - Basch & Rameh

Following developments earlier in 2019, aircraft repossession has continued to be in the spotlight – yet again with regard to the Oceanair Linhas Aéreas SA (commonly known as 'Avianca Brazil') bankruptcy and, in particular, the experience of lessors that sought repossession of leased aircraft therefrom. In this case, and contrary to Avianca Brazil's pre-bankruptcy experience, a bankruptcy court failed to uphold the express provisions of the Bankruptcy Law 2005 and the Cape Town Convention

Author: Kenneth D Basch
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