Aircraft repossession: judiciary fails to uphold local law or Cape Town Convention

Following developments earlier in 2019 (for further details please see “Recent developments in aircraft repossession”), aircraft repossession has continued to be in the spotlight – yet again with regard to the Oceanair Linhas Aéreas SA(commonly known as ‘Avianca Brazil’) bankruptcy and, in particular, the experience of lessors that sought repossession of leased aircraft therefrom.


Recent developments in aircraft repossession

In November 2018 one of Brazil’s four major airlines, Oceanair Linhas Aéreas SA (which operates under the name Avianca Brazil), fell into considerable arrears for non-payment of aircraft and aircraft engine lease payments.


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