Managing Aircraft Lease Novations: A Primer

Law360 (February 23, 2018, 11:27 AM EST) -- With the world’s commercial aviation fleet nearly set to double over the next 15 years, trading activity among lessors is only going to increase. For aircraft lessees, more trading activity means they will have to confront ever-increasing requests from lessors to consent to novations of existing leases.

Lessees have already been grumbling over the last few years about the uptick in trading activity and the burden this puts on their internal resources. At a recent conference of aviation lawyers, a number of airline in-house counsel expressed concern...
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