|Quoting UAL747 (Reply 9):|
Can someone please explain the ILFC comment made by the captain? Because it looked like the first part of the video was actually JNB-FRA but the captain said they had to enter British Airspace, so I'm a bit confused. Something to do with the financing?
I wondered a bit about that myself, but upon closer inspection, it seems to be implied that the A340-600 delivery flight was a segment of the video - not the exclusive subject. I beleive the JNB
flight waas the first part, and then the delivery flight was the second part.
As for the ILFC comment, I assume that ILFC was the lessor of the aircraft, but the lease was financed by a UK based bank. In order for the UK bank to complete the lease financing, they wanted a first mortgage on the aircraft. In order to do that, I assume the actual delivery of the aircraft would need to take place in the UK (or in this case, in UK airspace) where the paperwork was technically executed. In the US, it is common for aircraft to be delivered in a state that has no sales tax. In order to do that, the manufacture takes the plane to a tax free state, lands, do the paperwork, then fly to the ultimate home base for the plane. Apparently in the UK, you can do this in the air.
The weird things we do to keep lawyers happy and fully employed!