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Default and distress scenarios have assumed major proportions in both the experiences and the anxieties of aircraft owners, financiers and operators. The current state of the aviation market is leading to an increase in defaults, workouts and repossessions. In addition, a default event may occur for many other reasons than the obvious non-payment of lease rentals or lapses in insurance, licences, authorizations or registrations. A third party may claim an unexpected lien; unanticipated navigation charges may suddenly appear; a plane may become inadvertently involved in a fleet detention; interpretations of documentation may differ among jurisdictions the possibilities are literally endless. No contract or repossession insurance policy can list all the contingencies. Designed as a detailed practical guide to the management of aircraft during default periods and their repossession, this very useful book is also of great value as a preventive guide in the drafting of aircraft lea
