Negotiating Aircraft Operating Lease - A Comparative Legal and Practical Analysis in the Context of International Air Law - Oji, Andy M
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This book is written particularly from the airline's perspective, providing explanations for the many complexities of an aircraft operating lease. The author challenges some established practices that impose huge financial obligations on airlines and offers a more equitable alternative approach that will save airlines millions of dollars. The book dissects clause by clause a sample aircraft operating lease agreement to explain the legal principles underlining certain terms and the practical, commercial and legal reasons for their inclusion. Some of the areas covered include:Why an operating…mehr

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Produktbeschreibung
This book is written particularly from the airline's perspective, providing explanations for the many complexities of an aircraft operating lease. The author challenges some established practices that impose huge financial obligations on airlines and offers a more equitable alternative approach that will save airlines millions of dollars. The book dissects clause by clause a sample aircraft operating lease agreement to explain the legal principles underlining certain terms and the practical, commercial and legal reasons for their inclusion. Some of the areas covered include:Why an operating lease should not be a net or a non-cancellable lease; Whether the delivery condition should be a warranty or a condition precedent; Ramifications of accepting the aircraft in "as is, where is" condition; Why the unutilised maintenance reserve deposit should be returnable to the airline; Power-by-the-hour and aviation maintenance reserve bonds as alternatives to maintenance reserve cash payment; AD Cost Sharing; Perfection of aircraft security interest and the Cape Town Convention; Legality of gross-up clauses; This compelling publication demystifies the complex aircraft operating lease. It is designed to inspire, guide and provide resource material for those new to the subject and help build the capacity to negotiate aircraft operating leases. For seasoned professionals, the book offers a definitive one-volume practical reference material on the subject.
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Autorenporträt
Andy Oji is a Legal Practitioner and partner at COSMOLAWS, a leading aviation law and commercial arbitration practice based in Lagos, Nigeria, where he focuses on aircraft leasing and financing, aviation catastrophe work, complex multi-jurisdictional claims arising from aircraft accidents and advising airlines on capital, aircraft type and general risk requirement planning for effective, efficient and profitable deployment of critical aircraft assets. He also devotes his time to commercial and investment arbitration and managing large and complex disputes. Mr. Oji has been involved in several major world aviation accident claims and investigations and advises governments and airlines on aviation policies, traffic rights, market access, strategic alliances, network planning, scheduling and route optimisation. He is, amongst others, the promoter of Air Savannah, an ultra-low-cost airline structured to operate in West and Central Africa, and the founder of AirConnect, a start-up aviation consultancy firm specialising in developing airline business models, aviation asset management, syndicating airline investment capital and advising high net worth individuals and corporations on fractional ownership of aircraft. Mr. Oji was the former legal counsel and regulatory compliance officer at First Nation Airways, and before this, he was the legal adviser for Bellview Airlines.