Probing Study on Laws Governing the International Aircraft Lease and Rental Business

 The rapid and healthy development of the international aircraft lease and rental business must be guided by sound international legislation in this regard． The necessity of formulating the uniform substantive rules for the international aircraft lease and rental business is explained． Proceeding from the establishment of the two main mechanisms for such aircraft lease and rental business this paper discusses such major legal issues as the principles for establishing the rights and obligations of the interested parties the approaches to mortgages and guarantees in international aircraft lease and rental and the proper ways of how to handle the lien and mortgage for leased or rented aircraft．