Research On Legal Issues Of Aircraft Finance Lease Assets Securitization

Aircraft Finance Lease Asset Securitization refers to the process in which an aircraft finance leasing company uses its transaction structure to design and issue securities financing based on the cash flow of the rental account payable by the airlines it holds during the rental payment cycle.Under the legal norm system of separate supervision in the field of asset securitization in China,the legal norm system of enterprise asset securitization should be applied.The legal relationship of aircraft financing lease asset securitization is composed of three basic legal relationships: basic assets legal relationship,securitization legal relationship,and securitization regulatory legal relationship.It includes the rights and obligations of the initiators,managers,regulators,service providers and investors.To design the transaction structure of securitization of aircraft financial lease assets in the three stages of initiation,establishment and issuance of securitization business will make it more procedural and complete.In the securitization of aircraft financing lease assets,the improvement of the defects related to the information disclosure mechanism is a fundamental issue.The perfect ways include unified supervision institutions,sound legal norms,and formulation of industry self-regulation norms.The core issue of aircraft finance lease asset securitization is the choice of SPV organization form.In the long run,it is advantageous to use special company legal person as the organization form of SPV.