This article analyzes key contractual and bankruptcy aspects of pre-delivery payment financing transactions for aircraft. It steps through the basics of pre-delivery payment financing and then discusses the bankruptcy "claw-back" issue, considering current and possible future structures that may help lenders and manufacturers better address bankruptcy problems affecting many existing structures.

To read the article, "Aircraft Pre-Delivery Payment Financing Transactions," originally published in the Fall 2009 issue of The Journal of Structured Finance, please click the link above.