The aviation industry
Think positive is something of a current mantra, and so we did.
Legalflyer provides legal and market commentary, addressing the key questions and topics of interest to our clients operating in the global aviation industry. The content of Legalflyer incorporates the breadth of our aviation practice with contributions by lawyers from across our 50+ offices worldwide.
The knowledge of our lawyers encompasses every aspect of the business, derived from decades of experience of advising the broadest spectrum of industry participants, including airlines, banks and financiers, lessors, manufacturers, insurers, export credit agencies, governments and regulatory bodies. We trust that Legalflyer will keep you abreast of the latest global developments.
2020 has been a tumultuous year for the aviation industry. With the impact of the COVID-19 pandemic destroying passenger numbers and revenues, it is unlikely that preparations for the cessation of LIBOR have been a priority.
Aviation is one of the sectors most vulnerable to the impact of the UK leaving the EU as air transport services (including air traffic rights) are excluded from the WTO General Agreement on Trade in Services.
Airlines have long been conscious of the imperative for carbon reduction, with improvements in the fuel efficiency of their fleets helping to mitigate their exposure to often volatile fuel prices.
The English High Court recently handed down two cases, one regarding the appropriate forum to hear a claim between a UK based company and an international airline and the other intellectual property infringement claims in the aviation industry.
The Corporate Insolvency and Governance Act 2020 (CIGA) of the United Kingdom received the Royal Assent on June 26 and is now in force.
COVID-19 (coronavirus) has had an early and extreme effect on the aviation industry.
The below Q&A addresses the state aid implications of heightened State intervention as a result of COVID-19 – in particular, as it applies to the aviation industry in the EU. In short, the immediate response from the European Commission (the Commission) should give companies some comfort that emergency assistance offered by EU Member States can be designed in compliance with state aid law.
© Norton Rose Fulbright LLP 2020