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President Biden and Senators Support the Ramp Up in IRS Audits on Corporate Aircraft

President Biden announced that he will focus on ending tax breaks for corporate aircraft and “cracking down on corporate jet loopholes.” Several aviation and labor organizations, including the National Business Aviation...more

AAM: Getting Cleared for Take-Off

Advanced Air Mobility represents an exciting new frontier and sustainable path forward for the aviation industry. Advanced Air Mobility (AAM) is an umbrella term used to describe next-generation air transportation of...more

Preparing for Take-Off: The LIBOR Transition and Aviation Finance

Recent developments mean a delayed departure for LIBOR. The cessation of most U.S. dollar LIBOR tenors has been delayed until June 30, 2023. Aircraft financiers, borrowers and lessors should take advantage of the...more

Key Issues and Actions to Effect Drawing Under a Letter of Credit (“LC”) During COVID-19

Letters of Credit are an increasingly common feature of aviation leasing and finance transactions, typically as a cash replacement with respect to security deposits and/or maintenance reserves. The process for drawing under...more

World Aircraft Repossession Index

Third Edition - Pillsbury Winthrop Shaw Pittman LLP is pleased to publish this Third Edition of the World Aircraft Repossession Index. This Third Edition builds on the success of our Second Edition and covers 31 “new”...more

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