In This Issue:

- Federal Safe Harbor from Liability Expanded for Aircraft Lenders and Lessors

- ICAO CORSIA Update: Compliance Complexities Under ICAO’s New Carbon Offsetting Scheme

Federal Safe Harbor from Liability Expanded for Aircraft Lenders and Lessors

After many years of congressional stalemates, the long awaited five-year reauthorization for the Federal Aviation Administration (the FAA) became federal law when signed by President Trump on October 5, 2018 (the Reauthorization Act). Although the Reauthorization Act addresses a myriad of items of interest to the aviation industry, one such item should be of particular interest to aircraft lessors, lenders, and investors. Specifically, the Reauthorization Act modifies and expands the essential federal safe-harbor preempting these passive owners and interest holders from liability under the strict liability laws of most states.