Aviation finance

Aviation finance guidance:

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

The Islamic finance industry has seen rapid growth in recent years as financial institutions and their clients look towards exploring alternative methods of financing....

Practice Note

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....

Practice Note

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...

Practice Note

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...

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

Click here to download the latest Air Transport 2018 report, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions are...

Practice Note

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...

Practice Note

Click here to download the latest Aviation Finance & Leasing 2019 report 2019, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions...

Practice Note

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 •...

Practice Note

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 •...

Practice Note

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...

Practice Note

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 •...

Practice Note

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...

Practice Note

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...

Practice Note

The Civil Aviation Authority (the ‘CAA’) is charged with maintaining the United Kingdom Register of Civil Aircraft (the ‘Register’). The Register includes entries where...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

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...

Practice Note

Registration of aircraft mortgages Aircraft and engine mortgages created by a company incorporated and registered in England and Wales are registrable at Companies House...

Practice Note