Key Points -
- Insurance companies are bracing themselves for years of legal disputes over liability for total losses claimed by lessors to aircraft stranded in Russia as a result of sanctions over Russia's invasion of...more
1/3/2023
/ Air Carriers ,
Aircraft ,
Aircraft Financing ,
Airlines ,
Aviation Industry ,
Federal Aviation Administration (FAA) ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Lessor ,
Popular ,
Transportation Industry
Key Points -
- The rights of an aircraft lessor or lender financing the conversion of a passenger aircraft to a freighter aircraft will be specified in agreements between the borrower, financer and conversion facility....more
Key Points -
- Replacing the owner trustee of a US-registered aircraft that is on lease requires submitting a new application to register that aircraft.
- Submitting the application to reregister the aircraft restricts...more
Key Points -
- Populating a template lease summary is an effective way to confirm significant commercial, legal and technical provisions in lease due diligence.
- Comprehensive seller and lessee representations may be...more
Introduction This Aviation Advisory considers the desirability of registering a new international interest at the International Registry corresponding to the extension of the term of a lease of an aircraft, airframe or...more
Often an aircraft financer will structure a secured aircraft loan as a full payout lease in order to facilitate the exercise of remedies in the case of a default by the borrower airline. Specifying that the lease is governed...more
Countries around the world are putting in place a more accurate system of tracking aircraft in the skies called Automatic Dependent Surveillance-Broadcast (ADS-B). This technology will eventually replace radar as the primary...more
An important source of income for an aircraft lessor is maintenance reserve payments or equivalent end-of-term return compensation for engine overhaul or performance restoration. This is particularly true if the lessor can...more
On January 14, Elaine Chao, US Department of Transportation Secretary, announced proposed rules to ease restrictions on flying small drones over people and at night. A small drone is one which weighs less than 55 pounds. The...more
Last Friday, in Taylor v. Huerta, the DC Circuit Court of Appeals vacated a rule requiring individuals who fly small (weighing between 0.55 and 55 pounds on takeoff) drones and other model aircraft for hobby or recreational...more
On December 18, 2015, the District of Columbia Circuit Court of Appeals decided the case Flytenow, Inc. v. F.A.A. Flytenow, Inc. is a web-based service that allows private pilots to offer their planned itineraries to all...more