In this blog post we take a brief look at export credit agency (“ECA”) supported finance in the asset finance industry, and the development of a new template loan agreement by the UK’s Loan Market Association.
The role of the
Legal Flight Deck
The latest market insights, analysis and commentary from the Reed Smith aviation team
Legal Flight Deck, published by Reed Smith LLP, focuses on legal issues related to the aviation industry. The blog covers topics such as aircraft financing and leasing structures, regulatory compliance, litigation involving airlines and lessors, environmental claims and greenwashing lawsuits in aviation, investment strategies in aviation assets, and tax considerations for aircraft transactions. It also addresses cross-border legal challenges, airline deregulation impacts, and emerging trends in aviation finance and operations. The content is aimed at legal professionals, investors, and industry participants navigating the complexities of aviation law and related commercial matters.
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Flypasts, Flybraries, Hurricanes and Paper Planes: The Summer Reading Edition
The heatwave may be over but the wave of August out-of-office responses is still building, so rather than post about controversial redelivery conditions or the fascinating behaviour of interest rates, and prompted by the striking intersection of aviation and literature…
Farnborough International Airshow 2018: Notes from the runway
By Luke Drake
The Reed Smith Aviation team were out in force for FIA 2018. It’s always nice to be able to catch up with clients and old industry friends from across the globe on our own doorstep – and even better when…
When will a lease agreement be void for common mistake?
Summary
In last week’s case of Triple 7 MSN 27251 Ltd v. Azman Air Services Ltd,[1] Azman Air Services argued that two aircraft lease agreements were void under the English law doctrine of common mistake.
The High Court considered…
The changing of the guard: Millennial asset finance
According to PWC research, half of the world’s workforce will be millennials (people born between 1980 and 1995) by 2020. It is also estimated that over the course of the ‘Great Wealth Transfer’ occurring over the coming 30 years,…
Turboprops are back – and better than ever
The green button has been pressed – airlines are placing orders for turboprop aircraft at top speed. With high velocity, low thrust and the exciting potential of 3D printing, will turboprops make their return to the “hot spot”? In the…
Wanted: Blue sky solution to big green problem
The aviation industry is a major contributor to the world’s carbon emission and greenhouse gas problem, generating 2% of the world’s carbon dioxide emissions and estimated to account for 3% by 2050. The UK’s aviation sector, for example, was responsible…
Little Miss Pilot: Where next for aviation’s gender pay gap?
More data on aviation’s gender pay gap has become available since our first post on this in January, and a theme has emerged across the more prominent pay gap reports.
This is that although men and women may be paid…
Too hot to handle? The perils of the super-heated sale and leaseback market
The sale and leaseback (“SLB”) model has been a key source of funding and portfolio management for lessors and airlines alike for some time now.
There are two principal SLB transaction structures employed for new aircraft, as illustrated below.
The…
Meet the Team: Florent Rigaud
We are very excited to welcome our new Paris team, as we have now been joined by partner Victoria Westcott and counsel Florent Rigaud, as well as senior associate Elaine Porter (joining shortly) and associate Abdullahi Mohammed.
This new team…