Chinese but Irish-based lessor CALC continues its quarrel with Willis Lease Finance over an engine deal gone awry – questions abound about damage to the engine and when it was returned.
Nasser Al Tayyar, a prominent player in Saudi business that clashed with the crown prince, has a vast travel empire but a leasing business set up in Ireland is being put to bed.
Surprisingly, parties to a Libyan aircraft leasing agreement chose Ireland as their preferred jurisdiction in the event of a dispute. But when a dispute arose, matters weren't that simple.
The UK’s Supreme Court ruled against the Irish aircraft lessors in favour of the bank in a dispute over interest linked to letters of credit and planes stuck in Russia.
Engine lessor Willis Lease is suing Chinese aircraft lessor CALC, through its Irish entities, over an engine that it says has been poorly maintained and not returned.
EY aviation finance sector leader Niamh Tobin talks to The Currency about deal flow in the aviation industry, the challenges of tariffs and how Ireland can maintain its leadership role.
The SMBC-Air Lease deal has instilled confidence in the ability to get bumper aviation leasing deals done – and executives are showing little fear of over concentration.
Aviation firms have faced hurdles entering India but Europe’s new free-trade agreement will slash tariffs on aircraft and parts in a market that has seen its aviation sector balloon in recent years.
The European Commission has made overtures to AerCap but the lessor has not signalled any interest in investing in the defence sector.
Timaero, which is linked to sanctioned Russian bank VEB, has issued legal proceedings against Boeing in Ireland, on top of its long-running US lawsuit against the aviation giant.
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