UK: Corporate Insolvency and Governance Act 2020: Impact on Airline Insolvency

    The reforms introduced by the Corporate Insolvency and Governance Act 2020 (the “Act“) are likely to impact all companies across all sectors. In this briefing we analyse the potential impact of the Act on UK airline insolvency. In particular, we note that whilst the new moratorium introduced by the Act may appear to change the … Read more

    Welcome!

    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

    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

    Lenders: Contingency planning in times of COVID-19

    The unprecedented disruption to international travel caused by COVID-19 has created unique challenges for the aviation industry. In this note we consider how lenders can manage their exposure going forward and deal with the challenges arising from the pandemic. Consider local insolvency regime Lenders should anticipate the hurdles an airline’s local insolvency regime may pose … Read more

    ESG in Aviation Finance

    Until recently, there was often a perception that any investment in aviation (let alone an aircraft finance transaction) could not be ESG compliant because of environmental concerns regarding the industry’s contribution to carbon emissions. However, attitudes seem to be shifting as there have now been a number of green or sustainability-linked financings involving airlines, lessors … Read more