Vietnam’s aviation industry is growing rapidly. According to an IATA forecast, between 2013 and 2017 Vietnam is expected to be the seventh-fastest-growing market for international passengers, and the fastest-growing for international freight. To meet demand, Vietnamese carriers are buying and leasing new aircraft. New private airlines have also entered the market.
Increased aircraft transactions and new airlines can translate to greater instances of default. In such cases, a lessor may need to repossess its aircraft from within Vietnam. While Vietnamese law allows for repossession, challenges exist.
Please click on the PDF below to access a Q&A providing a basic overview of aircraft repossession in Vietnam.