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Willis Lease issues default notice to Tianjin Airlines for unpaid engine lease

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Willis Lease issues default notice to Tianjin Airlines for unpaid engine lease

Willis Lease Finance Corporation (US) is stepping up its effort to recoup “significant” amounts from Tianjin Airlines for an alleged unpaid engine lease.This week, the lessor issued a Notice of Continuing Event of Default, Demand for Payment, and Demand to Cease Utilization letter to the low-cos...

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