If you hold a security interest in an aircraft in Texas, do you know what your rights and remedies are if the borrower (e.g. the aircraft owner or operator) defaults? Can you repossess the aircraft and keep it? Do you have to sell it? If so, how and for how much? For the answers to these questions, please read my latest article on the subject: What Are A Secured Party’s Rights And Options After Repossessing An Aircraft In Texas?
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What Are A Secured Party’s Rights And Options After Repossessing An Aircraft In Texas?
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Greg Reigel
Greg has more than two decades of experience working with airlines, charter companies, fixed base operators, airports, repair stations, pilots, mechanics, and other aviation businesses in aircraft purchase and sale transactions, regulatory compliance including hazmat and drug and alcohol testing, contract negotiation, airport grant assurances, airport leasing, aircraft related agreements, wet leasing, dry leasing, FAA certificate and civil penalty actions and general aviation and business law matters.
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