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 […]
Category Archives: Blog
03
May
May
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 […]
15
Apr
Apr
The Technical Arrangement – Maintenance (TA-M) between Transport Canada Civil Aviation (TCCA) and Brazil’s National Civil Aviation Agency (ANAC), effective February 5, 2024, signifies a major development in aviation law, showcasing an international commitment to enhancing aviation maintenance cooperation. This agreement reflects the culmination of efforts to streamline and elevate maintenance and safety standards between […]
26
Mar
Mar
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 […]
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 […]
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 […]
