Herbert Smith Freehills advises Airbus SE on the negotiation of an 8 billion euro ESG-linked Revolving Credit Facility agreement

International leading law firm Herbert Smith Freehills has advised Airbus SE, global leader in aeronautics, defence, space, and related services, on the negotiation of an 8 billion euro ESG-linked Revolving Credit Facility agreement. The documentation includes a margin adjustment mechanism based on ESG criteria. The banking syndicate was coordinated by UniCredit Bank, BNP Paribas, Crédit … Read more

Sustainable and green lending in the aviation industry

In this short podcast, Tim Hunter-Jones, a senior associate in our asset finance team in London, looks at some of the issues in sustainable and green finance in the aviation sector, including the importance of the EU Taxonomy in determining what is sustainable, and the role of state aid in promoting a greater focus on … Read more

English Commercial Court determines that a state-owned airline is not entitled to be served in accordance with the State Immunity Act

In AELF MSN 242, LLC (a Puerto Rico limited liability company) v De Surinaamse Luchtvaart Maatschappij N.V. D.B.A. Surinam Airways [2022] EWHC 544 (Comm), the English Commercial Court (the “Court“) considered whether the national flag carrier of Suriname (“SLM“) was entitled to be served with proceedings in accordance with s12(1) of the State Immunity Act 1978 (the … Read more

High Court of Australia dismisses Willis appeal

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