Article
Aircraft Maintenance Reserve Clauses That Prevent Costly Redelivery Disputes
Aircraft maintenance reserve clauses and redelivery conditions are the two provisions most likely to trigger multi-million dollar disputes at the end of an aircraft lease agreement. This article examines the mechanics of Maintenance Reserve Funds, explores escrow versus lessor-retained custody structures, and provides detailed guidance on drafting quantified redelivery conditions that eliminate ambiguity when exposure is highest.
MAHESHWARI & CO. Advocates & Legal Consultants