Media Coverage
Source: AV Buyer
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
07.21.20
With the burgeoning of small print explanations and disclaimers online, and the simplicity of an ‘I agree’ button, it is quite possible we are reading the fine print even less.
It’s important for borrowers to read the small print, said Paul Jebely, a Pillsbury Aviation, Aerospace & Transportation partner, because for them “it often contains landmines.”
“Some lenders, especially in the U.S. (and particularly non-bank lenders) can be very aggressive,” said Jebely, “and occasionally obnoxious” in asserting that their terms are not negotiable.
“Nevertheless, it is always worth focusing on “default triggers, related remedies and grace periods, affirmative and negative covenants as well as aircraft preservation requirements and restrictions,” he said.
“This is, of course, is in addition to the key commercial and economic terms, including loan-to-aircraft-value ratios and default interest,” Jebely concluded.
Read the full article here.