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United Kingdom
contractual estoppelaircraft leasingdelivery conditions
Tomlinson LJ in Olympic Airlines SA v ACG Acquisition XX LLC
[2013] EWCA Civ 369
Key Principle
Where the parties to an aircraft operating lease agree that the lessee's signature of a certificate of acceptance shall be conclusive of the aircraft's compliance with the delivery condition, that agreement gives rise to a contractual estoppel preventing the lessee from later asserting that the aircraft was not in the required (e.g. airworthy) condition at delivery.
Area of Law
General
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