Over a considerable period of time, the aviation finance market has shown itself to be subject to distinct phases which typify a ‘boom and bust’ cyclical development, as periods of rapid expansion and broad capital asset investment in aircraft are followed by massive contraction and restructuring of existing business.
In comparison, legal services in the market have generally remained the same in terms of the services themselves and the identities of the providers, which have each respectively come to represent ‘the market standard’.
