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Tag "Olympic Airlines"

Victory (again) for aircraft lessors in Olympic Airlines versus ACG case

Matthew Harvey of Sarah Dyke of SNR Denton looked at the lastest lessons from the Olympic Airlines vs. ACG case

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Life after ACG v. Olympic Airlines

The aircraft finance and leasing community has been eagerly awaiting the ruling in ACG v. Olympic [2012] EWHC 1070 and the impact the ruling may have on drafting aircraft leases and managing deliveries writes Sarah Dyke and Matthew Harvey, partners at SNR Denton.

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Aircraft lease returns: ACG v Olympic Airlines

The recent decision by the Commercial Court in London in ACG Acquisition XX LLC v Olympic Airlines SA should serve as a warning to all lessors and lessees to ensure that lease agreements are drafted carefully and clearly in order to ensure that no points are being left open to interpretation, write Debra Erni and Graham Tyler, both partners at DLA Piper

The case will not only be of interest to aircraft lessors and lessees, but also to industry participants engaged in the trading of used aircraft which are continuing to be operated. It is well known that full inspection of aircraft on lease is often difficult to accomplish depending on the scope of inspection rights permitted under a lease agreement and any quiet enjoyment protections that an operator may have.

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