Silverlise said:
'anyone who owns an aircraft and leases it to a third party company should make sure they understand the implications of the company accruing debts using that aircraft and then going bust......'
What is the legal situation surrounding this? I presume the aircraft leased for training racked up some landingfees and the operators of BH want the fees paid before the owner gets his plane back. How can you protect yourself against this.
It also reinforces the adage about never paying up front for training.