Coronavirus (COVID-19)—implications for aviation finance transactions
Coronavirus (COVID-19)—implications for aviation finance transactions

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Coronavirus (COVID-19)—implications for aviation finance transactions
  • Impact of coronavirus on the aviation finance market
  • Civil Aviation Authority (CAA)
  • Contacting the CAA
  • Submitting aircraft mortgages for registration in the UK
  • Operating licences
  • Leasing and frustration
  • Cancellation of flights—refund, alternative flights and compensation
  • CORSIA baseline adjustment

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for lending lawyers? [Archived].

Lawyers across the world are currently grappling with many common areas of concern in connection with the coronavirus (COVID-19) pandemic. The Coronavirus (COVID-19) toolkit has been created to assist lawyers with easy access to news, practical guidance and Q&As from across a number of practice areas that relate to these key areas of concern. In addition to coronavirus-specific content, the toolkit also highlights additional guidance and support materials of general relevance to each of these areas.

There are a number of areas that are particularly relevant to banking and finance lawyers. For more detail and analysis on these, see Practice Note: Coronavirus (COVID-19) implications for Banking & Finance lawyers, which is updated regularly with news, practical guidance and analysis covering the impact of COVID-19 developments and considering subjects such as force majeure, execution of documents, Brexit and LIBOR as well

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