Originally Posted by
MickG0105
Only if Rex were to default on their lease in such a fashion that repossession was triggered. Unremedied non-payment of rent is the typical 'termination event' that would lead to repossession.
The leasing companies really couldn't give a tinker's cuss as to whether the lessee is using the aircraft or not so long as rent is being paid as it falls due and asset value is being maintained. Non-use wouldn't be an event of default in of itself; non-use and failure to properly maintain the aircraft per the manufacture's calendar-based schedules and/or preservation guidance most certainly would be.
You might find if they’re paying PBH then leasing companies do mind. Zero return on assets while not flying.