Important judgement under English law for lessors

WFW’s Andrew Ward today highlighted an important case that has baring for all lease contracts under English law: The English Commercial Court has rejected the argument of an airline operator that its aircraft leases had been frustrated as a result of the Covid-19 pandemic. In Salam Air SAOC v Latam Airlines Group SA, Mr Justice Foxton determined that Salam Air’s case that its lease had been frustrated was “highly improbable”. Whilst, strictly speaking, the case does not set precedent on the point, the Court’s comments appear to confirm the predominant industry view: that a lessee’s obligation to pay rent under