I need help with the following in regards Aviation Law.

Buying and Selling Aircraft

Question:

• What right does the holder of a security interest have that other creditors do not?

You are the manager of an FBO A customer purchases a new aircraft through your business. A bank finances the purchaser and files the security agreement with the FAA Aircraft Registry and the International Registry. Later the customer has your shop install upgraded aviation including a full glass cockpit set of multifunction displays (MFD) integrating flight navigation engine and sensor data

Question:

• Do you have the right to require the customer to pay the bill for the equipment and installation in full before you release the aircraft back to the customer? Please explain how you came up with your answer.

Aircraft Leasing and Co-Ownership

Question:

1. What is the difference between a lease and a leaseback?
2. Explain what fractional ownership is and when it is used