On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARP Act) into law, which provides approximately $1.9 trillion in financial assistance to individuals and industries impacted by COVID-19. The...more
Since its enactment, aviation related companies have received well over $50 billion in grants and loans under the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) that was passed in March 2020. But how do...more
A synthetic lease is a financing technique structured to be an operating lease for the lessee’s financial accounting purposes and a financing for U.S. federal tax purposes. Synthetic leases are most often used in acquisition...more
6/27/2019
/ Accounting Standards ,
Aircraft ,
Commercial Leases ,
Contract Term ,
Contract Terms ,
Corporate Taxes ,
EBITDA ,
Equipment Lease ,
Federal Taxes ,
Finance Lender ,
Operating Lease ,
Structured Finance ,
Structured Financial Products ,
Tax Cuts and Jobs Act ,
Tax Planning
On February 14, 2019, Judge Lane of the Bankruptcy Court for the SDNY issued an opinion in Republic Airways Holdings Inc. addressing whether the liquidated damages provisions in certain aircraft “true leases” under Article 2A...more
2/20/2019
/ Actual Damages ,
Aircraft Financing ,
Debtors ,
Fair Market Value ,
Guarantors ,
Lease Financing ,
Lease Term ,
Lessor ,
Liquidated Damages ,
Public Policy ,
Unenforceable Contract Terms ,
Uniform Commercial Code (UCC) ,
Value-Based Fees
A joint effort by the Financial Accounting Standards Board (“FASB”) and the International Financial Reporting Standards Foundation (“IFRS”) will fundamentally reset the accounting treatment of leases under both US-GAAP and...more
A synthetic lease is a financing technique structured to be an operating lease for the lessee’s financial accounting purposes and a financing for U.S. federal tax purposes. Synthetic leases are most often used in acquisition...more
While compliance with the upcoming ADS-B requirements is primarily an issue for those responsible for maintenance and operation of aircraft, lenders and lessors should understand ADS-B compliance requirements and plan...more