Tough week for AirAsiaX as lessors start to hit back

Forbearance can only last so long. As accommodating as leasing companies have been to their clients throughout the pandemic crisis, many lessors are now taking action to get their planes back from clients who can’t pay. AirAsia X – one of the hardest hit airlines – has lost two court actions brought by BOC Aviation and AerCap. The UK High Court ruled in favour of International Lease Finance Corporation (now AerCap) as a trustee of two aircraft (MSN 741 and MSN 786) ordering AirAsia X two subsidiary companies that hold the aircraft – AAX Mauritius and AAX Leasing Four –