PPRuNe Forums - View Single Post - Bank Airlines
Thread: Bank Airlines
View Single Post
Old 6th Jul 2010, 02:07
  #7 (permalink)  
tail wheel
Moderator
 
Join Date: Jan 1996
Location: Utopia
Posts: 7,442
Received 227 Likes on 121 Posts
In a repossession of a financed aircraft (not leased aircraft) the financier does not assume ownership. He is merely a custodian with statutory obligations in respect to disposal of the aircraft.

If a financier agrees to finance or lease a new or used aircraft without adequate equity, collateral or security they deserve the losses that inevitably result.
tail wheel is offline