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 […]
Category Archives: Blog
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 […]
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 […]
01
Apr
Apr
Transport Canada (“TC”) is canvassing air carriers licensed by TC, both domestic and foreign, in regard to compliance with the Secure Air Travel Regulations, enacted under the Aeronautics Act. This circularization is labelled as the Passenger Protect Program, and is geared to the TC responsibility of passenger security in regard to passengers on aircraft operating into […]
25
Mar
Mar
Prospective aircraft buyers are sometimes unsure of whether an aircraft purchasing agreement is necessary when acquiring an aircraft. Like many transactions, purchasing and owning an aircraft requires careful consideration of a variety of factors, such as: future resale value, regulatory compliance, applicable sales taxes, aircraft inspection and condition, title searches and lien status, insurance requirements, […]
