| Commentary

32 Introduction

| Commentary

B: FINANCING AND MORTGAGES

1: INTRODUCTION TO FINANCING AND MORTGAGES IN CIVIL AVIATION

32 Introduction

The need to finance the world’s ever-expanding fleet of aircraft has resulted in some of the most dynamic and innovative developments in commercial law this century. The methods used for the financing of these new aircraft, as well as providing for the acquisition of older aircraft, are extremely wide and varied.

There are two basic alternatives for financing based on the value of the asset itself. In broad terms, one is based on the ownership of the aircraft, where the aircraft is leased to the

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