Force Majeure! The Evolving Legal Landscape in Times of Turmoil

It may be an act of God, but is force majeure a realistic path to go down?

Mark Ditto, Vedder Price Shareholder and Attorney, explains how stakeholders are responding to this and other pertinent legal issues in our current commercial aviation reality.

 

At the end of the day, we’ve got to look to the future. If we use force majeure as a reason not to pay bills, it puts us in a precarious position going forward. -Craig Picken

3 Things We Learned from Mark 

• Force Majeure: It may seem like a viable option now, but be sure to think about the future. It may help protect cash, but it could impact future relationships with service providers.
  
  
• Rent Deferrals: Rent deferral requests continue to come fast and furious from operators and have taken on a variety of flavors.  These often need to be approved by lenders as well, and it can take a long time to get consent.
  
  
• Relationships Matter: Lessors and banks have been relatively understanding of the toll this has taken on the airlines and the industry.  The ones that thrive will focus on maintaining good relationships.
  

Guest Bio

Mark Ditto is an Aviation/Equipment Finance Attorney and shareholder at Vedder Price, P.C. He represents operating lessors, commercial banks, finance companies, private equity firms, hedge funds and other investors in all manner of aircraft finance transactions. 

 

To find out more about Mark, head to:

https://www.linkedin.com/in/mark-ditto-90491464 

www.vedderprice.com 

 

You can also email him at mditto@vetterprice.com

Or call him on 3126097643 

Learn More About Your Host:

 

Co-founder and Managing Partner for Northstar Group, Craig is focused on recruiting senior level leadership, sales and operations executives for some of the most prominent companies in the aviation and aerospace industry. Clients include well known aircraft OEM’s, aircraft operators, leasing / financial organizations, and Maintenance / Repair / Overhaul (MRO) providers. 

 

Since 2009 Craig has personally concluded more than 150 executive searches in a variety of disciplines. As the only executive recruiter who has flown airplanes, sold airplanes AND run a business, Craig is uniquely positioned to build deep, lasting relationships with both executives and the boards and stakeholders they serve. This allows him to use a detailed, disciplined process that does more than pair the ideal candidate with the perfect opportunity, and hit the business goals of the companies he serves.