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 […]
Category Archives: Blog
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 […]
Aviation Regulatory Compliance, Blog
Human Resource Shortages Continue to Hamper the Commercial Aviation Industry
08
Sep
Sep
On August 30th, 2023, Air Canada confirmed that it would no longer offer non-stop flights from Calgary to Ottawa, Halifax, Los Angeles, Honolulu, Cancun, or Frankfurt as of the end of October 2023, due to ongoing fleet and crew constraints. The aviation industry’s long-standing concerns about the lack of a pipeline of qualified workers for […]
26
Jun
Jun
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 […]
03
Mar
Mar
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 […]
03
Mar
Mar
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 […]
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 […]
01
Aug
Aug
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 […]
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 […]
