When the lessor puts the aircraft on lease it will be concerned to ensure that the aircraft is operated in such a manner as will not unduly affect the market value of the...
Operating leases are often used in the airline industry. Aircraft have a long working life and, as such, a highly developed market place for marketing second hand...
The most basic concerns for a lessee in an operating lease are that the aircraft it leases is in an airworthy condition and that it is able to use the aircraft without...
Aircraft are high value assets, prone to damage and capable of causing destruction. Appropriate insurance coverage is a vital concern for financiers and the contents of...
The essence of aviation finance is that a lender will advance money to a borrower for the purposes of financing (or refinancing) its acquisition of an aircraft. In the...
BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This may have an impact on the information in Practice Note about...
The Islamic finance industry has seen rapid growth in recent years as financial institutions and their clients look towards exploring alternative methods of financing....
Pre-Delivery Payment (PDP) financing, and the protection available to any lender, is very different to the situation that exists under other types of aviation finance....
Aviation finance lends itself to tax leasing in many jurisdictions. Tax leases are usually a means of tax deferral. They can be advantageous, from a tax perspective, to...
BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This will have an impact on the information in this Practice Note...
The Cape Town Convention establishes a uniform set of rules guiding the constitution, protection, prioritisation and enforcement of certain rights in aircraft and...
Aviation has been included in the EU emissions trading system (EU ETS) since 2008, with the first full compliance year being 2012. The inclusion of aviation in the scheme...
Aviation has been included in the EU emissions trading system (EU ETS) since 2008, with the first full compliance year being 2012. The inclusion of aviation in the scheme...
There are two principal types of aircraft finance structure: • secured lending under which the lender lends money to the purchaser to buy the aircraft and the lender...
Security Security over the aircraft The principal security in a lease financing structure will be the aircraft. Due to the valuable and mobile nature of an aircraft, it...
Click here to download the latest Air Transport 2018 report, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions are...
Click here to download the latest Air Transport report 2020, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions are covered in this...
Click here to download the latest Aviation Finance & Leasing 2019 report 2019, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions...
This Practice Note forms part of a set of Practice Notes on airline insolvency, for further information, see Practice Notes: • Guide to airline insolvency—introduction •...
This Practice Note forms part of a set of Practice Notes on airline insolvency, for further information, see Practice Notes: • Guide to airline insolvency—introduction •...
Introduction to the airline industry The purpose of this Practice Note is to provide an overview of some of the key features of airline insolvencies in England and Wales...
This Practice Note forms part of a set of Practice Notes on airline insolvency. For further information, see Practice Notes: • Guide to airline insolvency—introduction •...
Purchase agreements for new aircraft are entered into between an aircraft manufacturer (as the seller) and a customer (as the purchaser). In the majority of...
In order to operate an aircraft internationally, an aircraft owner must register it with an aviation authority. Although there are international conventions in place, the...
The Civil Aviation Authority (the ‘CAA’) is charged with maintaining the United Kingdom Register of Civil Aircraft (the ‘Register’). The Register includes entries where...
Residual value agreements are a tool for allocating the residual value risk in an aircraft. A good understanding of the sequence of events that will typically lead to a...
Residual value agreements are a tool for allocating the residual value risk in an aircraft. The key reasons for using residual value agreements are: • to provide...
Purchase agreements for second hand aircraft are entered into between an aircraft owner (as the seller) and, in the majority of circumstances, an airline or aircraft...
Lenders take security in aircraft finance transactions as a means of credit-enhancement to improve the likelihood that their loan will be repaid in full if the borrower...
Registration of aircraft mortgages Aircraft and engine mortgages created by a company incorporated and registered in England and Wales are registrable at Companies House...