High Court of Australia dismisses Willis appeal

17 March, 2022
The High Court of Australia has unanimously dismissed the appeal of Wells Fargo Trust Company, National Association (Wells Fargo) on the construction of Article XI(2) of the Cape Town Convention’s protocol on Matters Specific to Aircraft Equipment (Protocol). This decision is of importance to the global aviation community as it is the first decision by … Read more

EU-UK Trade and Cooperation Agreement – implications for Aviation

22 February, 2021
The new trade and cooperation agreement between the EU and UK (the “Agreement”) contains a chapter governing the EU/UK aviation relationship, reflecting the EU’s intention to comprehensively address that relationship within the scope of the envisaged partnership between the EU and UK. A brief overview of the key provisions follows below. The Agreement also establishes … Read more

Welcome!

17 August, 2020
Welcome to “Aviation Finance notes”, Herbert Smith Freehills’ aviation finance know-how and market intelligence blog. We are delighted to be launching this blog where you will find regular updates on the latest developments in international aviation finance. Here, we will be posting a series of short articles, videos and podcasts engaging with current issues, trends … Read more

Lessors: Contingency planning in times of COVID-19

17 August, 2020
The unprecedented disruption to international travel caused by COVID-19 has created unique challenges for the aviation industry. In this note we consider how lessors can manage their exposure going forward and deal with the challenges arising from the pandemic. Consider clawback and local insolvency Lessors should anticipate the risk that local liquidators or insolvency officeholders … Read more