Here are some of the legal and practical reasons why disclosing the MSP agreement is neither market standard nor appropriate. Disclosure of MSP Agreements in Aircraft Purchase Transactions In aircraft purchase agreements, it is commonplace for such agreements to contain covenants whereby the aircraft seller “assigns” all of its rights under the MSP Agreements to […]
Author Archives: Shaul Gordon
Aircraft Transactions, Blog
Understanding IDERA in Canadian Aviation: A Guide to Aircraft Leasing and Financing
01
Mar
Mar
What is an IDERA? IDERA, or Irrevocable Deregistration and Export Request Authorization, is a pivotal tool under Canadian Aviation Regulations and aviation law, particularly in the context of aircraft leasing and aircraft financing in Canada. This instrument was introduced as a remedy under Article XIII of the Aircraft Protocol to the Cape Town Convention, 2001 […]
09
Feb
Feb
Designed by Freepik ATTENTION ALL AIRCRAFT OWNERS, excluding those owning a remotely piloted aircraft with a maximum take-off weight of 25 kg (55 pounds) or less, or an ultra-light aeroplane. This notification marks the official reopening of the integral Annual Airworthiness Information Report (AAIR) portal and the commencement of the reporting cycle, which will extend […]
24
Nov
Nov
We’re aware that as of two weeks ago, deregistration notifications from Transport Canada’s Canadian Civil Aircraft Register to the Federal Aviation Administration (FAA) have not been seamlessly received and accepted by the FAA. This was encountered by one of our non-Canadian clients during the course of an aircraft purchase early this week. It has become […]
19
Jan
Jan
To say that commercial aviation has experienced a rough couple of years since 2020 would be an understatement. Mass cancellations, endemic delays, widespread staff shortages and lingering wariness of potential COVID-19 exposure have put the aviation industry in the headlines for all the wrong reasons. This summer, Toronto’s Pearson International Airport was ranked the worst airport […]
18
Jul
Jul
Russian Plane Pearson, As a Russian-owned Antonov An-124 “Ruslan” sits idle and unused at Toronto’s Pearson International Airport, a Canadian cargo broker is trying to make sure it stays grounded — even after Canada takes the jet off its no-fly list. “There’s concern that if it gets back into Russian hands, it could be very […]
18
Jul
Jul
The federal government outlined a proposed new regulatory regime for air passenger rights. We speak to airline and travel lawyer Ehsan Monfared for his analysis on the compensations passengers could be entitled to. www.yyzlaw.com Source: CTV News Channel More On This Topic
18
May
May
Passenger Protect Program Update – YYZlaw Article For the last few months, we have been trying to determine, for our numerous foreign business aircraft operators, which air carriers fall withing the scope of Transport Canada’s Passenger Protect Program (PPP). As we indicated in our April 1st blog, the confusion lay with the wording of the Secure […]
18
May
May
COVID-19 Pandemic and Business Jets Not all sectors of the aviation industry have suffered at the hands of the COVID-19 pandemic. Business jet ownership has become increasingly necessary as ever-changing government regulations, including restrictions on travel generally, have reduced the availability and ease of use of scheduled flights. Gulfstream G700 Article, If anything, the pandemic […]
01
Apr
Apr
Aircraft Registry Canada, The Canadian Aircraft Registry is operated by Transport Canada. Aircraft owned by Canadians – or based and primarily operated in Canada – must be registered under the Canadian Aircraft Registry. This requirement stems from obligations set out in the 1944 Convention on International Civil Aviation, also known as the Chicago Convention. Alternatively, aircraft […]
