Dealing with lease defaults

It is a sad fact that many airlines across the globe, although striving to do so, just cannot keep to the terms of a lease agreement from time to time as the ebb and flow of an airline’s fortunes dictate which bills can and cannot be paid. But it is another matter entirely when an airline refuses to hand back an asset to a lessor.  At this time there are a number of airlines from China to South America that are having difficulty paying lease rentals on time. One of the worst offenders at this time seems to be Cameroon