Force Majeure! The Evolving Legal Landscape in Times of Turmoil

<p>It may be an act of God, but is force majeure a realistic path to go down?</p> <p>Mark Ditto, Vedder Price Shareholder and Attorney, explains how stakeholders are responding to this and other pertinent legal issues in our current commercial aviation reality.</p> <p style="text-align: center;"> </p> <p style="text-align: center;"></p> <p style="text-align: center;">At the end of the day, we’ve got to look to the future. If we use force majeure as a reason not to pay bills, it puts us in a precarious position going forward. -Craig Picken</p> <p style="text-align: center;">3 Things We Learned from Mark </p> <ul> <li>Force Majeure: It may seem like a viable option now, but be sure to think about the future. It may help protect cash, but it could impact future relationships with service providers. </li> <li>Rent Deferrals: Rent deferral requests continue to come fast and furious from operators and have taken on a variety of flavors.  These often need to be approved by lenders as well, and it can take a long time to get consent. </li> <li>Relationships Matter: Lessors and banks have been relatively understanding of the toll this has taken on the airlines and the industry.  The ones that thrive will focus on maintaining good relationships. </li> </ul> <p>Guest Bio</p> <p>Mark Ditto is an Aviation/Equipment Finance Attorney and shareholder at Vedder Price, P.C. He represents operating lessors, commercial banks, finance companies, private equity firms, hedge funds and other investors in all manner of aircraft finance transactions. </p> <p> </p> <p>To find out more about Mark, head to:</p> <p><a href='https://www.linkedin.com/in/mark-ditto-90491464'>https://www.linkedin.com/in/mark-ditto-90491464</a> </p> <p><a href='http://www.vedderprice.com'>www.vedderprice.com</a> </p> <p> </p> <p>You can also email him at <a href='mailto:mditto@vetterprice.com'>mditto@vetterprice.com</a></p> <p>Or call him on 3126097643 </p> <p> </p> <p>Learn More About Your Hos