You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

December 21, 2015

Aircraft Repossession in Vietnam

Subscribe to Updates
Tilleke & Gibbins

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.

Download Full Article
Related Professionals

Industries

Aviation

Practices

Corporate/M&A

Dispute Resolution and Litigation

Locations

RELATED INSIGHTS​ 

March 31, 2020
Due to the complicated and unpredictable developments of the COVID-19 pandemic, the Vietnamese government has taken various measures, which have grown more stringent over time, to combat the spread of the disease. Due in part to these timely measures, as of Monday, March 30, Vietnam had reported just over 200 confirmed COVID-19 cases, and no fatalities—encouraging numbers for a country of its size.
Read More
March 30, 2020
Due to the COVID-19 crisis, Myanmar’s Ministry of Transport and Communications Department of Civil Aviation issued a notification yesterday stating that all international commercial passenger flights will be denied landing permission in all Myanmar airports with effect from 11:59 p.m. today, March 30, 2020, until 11:59 p.m. on April 13, 2020. This does not apply to cargo flights, relief flights, or medical evacuation flights.
Read More
March 19, 2020
The effects of the global COVID-19 pandemic on Southeast Asia are a deep concern shared by all with connections to the region. To encourage clear understanding of the facts on the ground, Tilleke & Gibbins has prepared this high-level snapshot of the legal situation as it currently stands in each of our jurisdictions.Administrative and Judicial Functions
Read More
January 28, 2020
Tilleke & Gibbins authors have provided the latest update to the Thailand Q&A section of Doing Business in… , a Q&A-style guide published by Thomson Reuters Practical Law that presents an overview of recent legal developments affecting doing business in 59 jurisdictions worldwide. The Thailand chapter of the guide was written by attorneys from Tilleke & Gibbins and presents an overview of Thailand’s legal system and key laws applicable to foreign companies doing business in the country.
Read More