lessor, its remedies are more straightforward: being the owner of the collateral, it may simply terminate the agreement and take possession of the aircraft object as owner thereof Moreover, the Convention does not require a
conditional seller or lessor to account for any surplus if it subsequently sells the object for a price greater than the amount owed to it at the time of termination of the agreement
It is worth noting that Article 2(2) specifies that if a conditional sale or a leasing agreement is characterised by the applicable nationallaw as a security interest, the seller or lessor cannot claim that it also benefits from theConvention remedies available to a seller or lessor
Article 14. A pub-lessor is in a similar position
against a pub-lessee