News & Analysis as of

Aviation Industry Aircraft Sales

Cranfill Sumner LLP

So, You Bought A Plane, Now What?

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For many of our clients, aircraft ownership is not only practical (having one aircraft on which to train for a pilot certificate can increase efficiencies, for example), but it can also be a business advantage. However,...more

Holland & Knight LLP

Avoiding Pitfalls When Exporting Aircraft from the United States (Updated September 25, 2022)

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Update: This Holland & Knight alert has been updated on Sept. 25, 2022, with additional information. In plain English, anytime an aircraft departs the United States, this is an "export" and will fall in one of two "buckets":...more

Katten Muchin Rosenman LLP

Aircraft Lessors Should Prepare for UK Restructuring Processes

Key Points - - The use by Malaysia Airlines' subsidiary, MAB Leasing Ltd. (incorporated in Malaysia) ("MABL"), in 2021, of an English Scheme of Arrangement (a "Scheme") to compromise its aircraft lease obligations proved...more

White & Case LLP

How aircraft lessors are weathering the storm

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Aircraft leasing companies are the backbone of modern commercial aviation. Lessors now account for an estimated 60 percent of new passenger jet deliveries, up from approximately 45 percent on the eve of the pandemic and just...more

McAfee & Taft

An introduction to aircraft registration in the US

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Many aircraft are regularly operated in multiple jurisdictions and aircraft owners have multiple choices as to where they will register their aircraft. Once the pros and cons of each registry are fully considered, owners...more

McAfee & Taft

Country Survey Data: Federal Aviation Administration Aircraft Registry

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The United States Federal Aviation Administration (FAA) Aircraft Registry (Registry), commonly referred to as the N-Register, is one of the most frequently chosen aircraft registries. A majority of the aircraft in the world...more

Holland & Knight LLP

Avoiding Pitfalls When Exporting Aircraft from the United States (Update)

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Please note: This Holland & Knight alert has been updated on Sept. 13, 2021, with additional information. In plain English, anytime an aircraft departs the United States, this is an "export" and will fall in one of two...more

Katten Muchin Rosenman LLP

What a Lessor and Secured Lender Should Expect From an Opinion Letter of Local Counsel in a Cross-Border Lease

The leasing of a commercial aircraft to an airline in a foreign jurisdiction presents risks to the lessor and its secured lender, including whether an aircraft may readily be repossessed if a lease event of default occurs....more

Holland & Knight LLP

Avoiding Pitfalls When Exporting Aircraft from the United States

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There are two common types of aircraft exports: 1) permanent exports – where the aircraft is physically exported (i.e., flown) from the U.S. as part of a sale, lease or transfer of possession and control to a foreign person,...more

Womble Bond Dickinson

Preventing and Detecting Fraud in Aircraft Sales and Financing Transactions

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This article is based on Merrick Benn’s keynote presentation to the National Aircraft Finance Association (NAFA) Webinar on Sept. 15, 2020. All organizations are subject to fraud risks—including when they buy or lease...more

Vedder Price

Guaranty Enforcement in a Time of Rent Deferrals and Other Economic Accommodations

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Due to the ongoing COVID-19 pandemic, lessees and lessors across many industries are attempting to ease economic tensions by agreeing to certain accommodations in respect of lessees’ obligations. In the aviation industry,...more

Vedder Price

Can Airlines Seek Relief under EETC Financing?

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Due to the ongoing COVID-19 pandemic and the resulting economic malaise, lenders and investors are seeing a flood of requests from borrowers and issuers for relief on debt service payments. For private financings where there...more

Vedder Price

Global Transportation Finance Newsletter - June 2020

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Can Airlines Seek Relief under EETC Financing? Due to the ongoing COVID-19 pandemic and the resulting economic malaise, lenders and investors are seeing a flood of requests from borrowers and issuers for relief on debt...more

Vedder Price

Wallis Trading v Air Tanzania The Importance of Standard Lessee Representations and Warranties

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Aircraft leases typically include standard representations and warranties regarding: (i) the power and authority of the lessee to enter into the agreement and the transactions contemplated by the agreement; (ii) the agreement...more

Womble Bond Dickinson

Will Demand for Private Aircraft Rise Post COVID-19?

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Key Takeaways: - Demand for private air travel may experience an increase as travel restrictions and stay-at-home orders ease in the coming months. - Record lows in the price of jet fuel and an overstock of airplane...more

BCLP

Aircraft Financing in a post-COVID-19 world

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Covid-19 is an unprecedented health and economic crisis, and it is still unclear how and when the aviation industry will begin to recover. Global government aid to the aviation sector has been inconsistent, with varied levels...more

Katten Muchin Rosenman LLP

COVID-19 Update: A Planning Guide for Aircraft Lessors

With the advent of the COVID-19 pandemic, our industry is forced to confront many challenges, including broad government mandates of indefinite duration restricting the movements of vast amounts of the global population. This...more

Foley & Lardner LLP

A Primer on Structuring Aircraft Ownership: Avoiding Illegal Flight Department Companies

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Many aircraft purchasers fail to adequately consider how the ownership should be structured. A typical approach is to purchase the aircraft in a newly-formed limited liability company wholly-owned by an individual or an...more

BCLP

Engine Leasing and Financing, the Fundamentals - More Legal Mitigations

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In our previous article Engine Leasing, the Fundamentals – Legal Risks and the Cape Town Convention, BCLP’s global aviation team discussed the legal risks associated with engine leasing and the mitigating impact that the Cape...more

BCLP

Engine Leasing, the Fundamentals - Legal Risks and the Cape Town Convention

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In our previous article Engine Leasing, the Fundamentals – What is the Attraction?, BCLP’s global aviation team discussed the appeal of engine leasing to investors and the economic considerations which influence decisions...more

The Volkov Law Group

Airbus FCPA Settlement: Review of Airbus Bribery Scheme (Part II of IV)

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Almost every FCPA enforcement action contains important lessons learned in unraveling a bribery scheme.  Airbus has three broad divisions: (1) Commercial Division; (2) Defense & Space Division; and (3) Helicopters...more

Vedder Price

Global Transportation Finance Newsletter - December 2019

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Apollo Settles Alleged Sanctions Violations: Aircraft Lessors Pay Attention - The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has broad delegated authority to administer and enforce the...more

Vedder Price

Apollo Settles Alleged Sanctions Violations: Aircraft Lessors Pay Attention

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The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has broad delegated authority to administer and enforce the sanctions laws and related sanctions programs of the United States. As a key...more

The Volkov Law Group

Apollo Aviation Group Pays $210k to OFAC for Violations of Sudanese Sanctions Program

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Apollo Aviation Group, now Carlyle Aviation Partners, agreed to pay OFAC $210,600 for 12 violations of the Sudanese Sanctions Program.  Carlyle acquired Apollo in December 2018, and Carlyle was not involved in the...more

Vedder Price

Selecting the Best Aircraft Management Company

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Selecting the best aircraft management company for an owner’s particular needs is a complex and time-consuming process involving many variables and requires comprehensive due diligence. The primary reason the selection...more

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