This session dives into the increasingly contentious dynamics between airlines and lessors as air travels returns to prepandemic levels. Once-sacrosanct lease terms are now under scrutiny, and the rise of FMP (Flight Hour Maintenance Program) contracts is challenging traditional asset liquidity. With Asia-Pacific poised for explosive fleet growth, the question is: who really holds the cards in the next generation of fleet planning?

• "Hell or High Water": Sacred Clause or Outdated Relic? Airlines want flexibility in crisis; lessors defend the clause as essential to financing. Should systemic risk be shared, or are airlines rewriting the rules post-COVID?
• Carve-Outs: Are lessors are conceding on once-untouchable term to accept carve-outs to win a key airline deal?
• FMP Contracts: Are FMPs a fleet strategy evolution or a hidden liability?