Category Archives: Aircraft Transactions

The Role of APU and Engine Borescope Inspections in Aircraft Purchase Agreements The negotiability of APU (Auxiliary Power Unit) and engine borescope inspections represent a key issue when negotiating an aircraft purchase agreement. While some parties may assert a market standard, the truth is that practices vary widely in the realm of aircraft transactions when […]

When it comes to acquiring an aircraft, understanding the intricacies of the aircraft purchase agreement is pivotal to ensuring a smooth transaction. Among these complexities, the inclusion of spare parts in aircraft purchase agreements often emerges as a critical point of negotiation. This guide aims to shed light on the importance of detailed inventory requirements […]

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 […]

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 […]

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 […]

Congratulations on your decision to buy an airplane! Purchasing an aircraft is a significant investment. Here are a few reasons why involving a lawyer can be beneficial to ensure a smooth transaction: Legal Documentation: A lawyer can assist in the review and preparation of the necessary legal documents related to your purchase. This includes drafting or […]

The current inflationary environment diminishes lenders’ credit appetite for specialty items such as aircraft financing. This is especially the case for financing of bizjets which traded at records highs due to the demand created with travel restrictions combined with a buoyant economy. Lenders offered financing at up to 90% of the purchase price, extended amortization periods and […]

With current inflationary pressures and a looming recession, as well as the recent runup in bizjet prices, the aircraft market is settling and there are better opportunities ahead. In addition to interest rate considerations if financing a purchase, the US exchange rate is a factor as aircraft, parts and other services are all denominated in […]

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 […]

COVID-19 did little to deter private jet charter in and around Vancouver. The business has in fact grown substantially as post-COVID travelers weigh their options. Even with the prospect of an economic downturn, charter flights using small aircraft occur regularly at Vancouver’s international airport (CYVR) and Boundary Bay airport (YTD/CZBB). Vancouver is, moreover, unique in […]