lease back

I saw that article but didn't see anything where the FAA has to approve or review a lease. I think the FAA would want to avoid reviewing leases. I assume they are probably like most trial lawyers -- who HATE to draft contracts, but love to criticize them if they go bad.

Kind of the same concept, if the FAA was involved in the approval process of a lease, then it would be difficult for them to criticize the lease or the relationship between the parties later on if the FAA wanted to pursue an investigation or enforcement action for some reason.

Also, their required approval would be a slippery slope of folks' rights to contract (that whole whacky Constitutional thing), and the FAA looking into the status of each party to the lease, their qualifications, whether they are properly registered, incorporated, formed, operated, etc.

FWIW

Keven
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Justin bieber fan