Aviation finance webinars

Event Details


Webinars

Global | January to November 2020

A course of interactive webinars led by Norton Rose Fulbright consultant Kenneth Gray, aimed at bankers, airlines and lessors at all levels of experience within the industry. The sessions will be broadcast monthly and will last approximately 45 minutes.

If you would like to participate, please contact Jenny Fitz-Henley.

January to November 2020

All sessions begin at 9.30am (London time) unless otherwise indicated.

January 30, 2020 Essentials of aircraft finance
  • Introduction – what makes aircraft so different
  • The state of the market
  • Operating and finance leases
  • Quiet enjoyment
  • Default
  • Maintenance of value
  • Liens
  • Registration
February 13, 2020 Trading aircraft in the secondary market and GATS
  • Trading aircraft
  • The legitimate concerns of a lessee
  • The traditional approach – novations and assignments
  • The GATS system
  • How the lessee’s concerns are addressed
April 30, 2020 Third party liability of lessors and banks
  • Establishing jurisdiction
  • The Brussels and Rome 2 Regulations
  • Cases in the USA establishing liability of the owner of an aircraft
  • The Reauthorization Act, 2018
  • Remedies
May 21, 2020 Aircraft Finance and Leasing: COVID-19 and Moratoria, hosted by Alison Baxter, Mark Craggs and Kenneth Gray
  • Overview of moratorium laws globally
  • What they are intended to achieve
  • Different insolvency and restructuring moratorium models: Chapter XI, Administration, the 2019 EU Restructuring Directive
  • Role and consequences of superpriority loans
  • Moratoria and the Cape Town Convention 
  • New COVID-19 related moratoria and their impact on:
    • Insolvency and restructuring proceedings
    • Payment holidays, rent deferrals and related contractual matters
    • Repossession of leased aircraft and / or enforcement of security
    • Payment of airport and air navigation charges.
June 23, 2020 COVID-19 and Contracts in England and elsewhere, hosted by Charlotte Winter and Kenneth Gray
  • Force Majeure
  • Material Adverse Change
  • Frustration
  • Other jurisdictions
September 23, 2020 Airline restructurings under Chapter 11: An Aircraft Financier’s Perspective, hosted by David Rosenzweig and Fiona Henderson
  • Chapter 11 in general
  • Impact of Section 1110 on airline restructurings
  • Cape Town, Alternative A?
  • Experience of recent Latin American airline Chapter 11’s
October 15, 2020 LIBOR Replacement - Issues affecting Aviation Finance, hosted by Emma Giddings 
  • Timeline for LIBOR transition
  • How risk free rates differ from LIBOR
  • Different methods of calculating interest using risk free rates
  • Market conventions
  • Recent documentary changes – LMA revision to replacement of screen rate wording, exposure draft (including switch clause), ARRC “hard wired” approach
  • Documentation points
  • What should you be doing now?
  • Likely friction points between creditor and debtor
November 19, 2020 Dispute resolution update, hosted by Charlotte Winter
  • Dealing with end of lease issues, including redelivery