ESG in Aviation: brace for a hard landing?
The 30 July announcement by Air NZ that it was abandoning its 2030 emission reduction targets was met with surprise, questions and criticism.
We advise the world’s leading airlines on all areas of their business, including finance and leasing, capital markets, restructuring and insolvency, corporate, dispute resolution, tax, regulatory and employment law across Europe, Asia, the Middle East and the USA.
We know the pressures exerted on airlines from passengers, crew, airports, regulatory authorities, lessors, financiers and shareholders. Our thorough understanding of the challenges and latest developments in the sector, enables us to guide clients through turbulent times to best reach their strategic and commercial goals.
As authors of the highly regarded Covid-19 Aviation Restructuring Report, we were the first law firm to consider the options available for an airline’s path to recovery, including restructuring and State Aid. Now in its second edition, we explore how the market’s response has developed, the trends that have emerged and some significant changes to legislation in the UK.
The 30 July announcement by Air NZ that it was abandoning its 2030 emission reduction targets was met with surprise, questions and criticism.
Why have many airlines tended towards Chapter 11 bankruptcy proceedings as an internationally recognised restructuring procedure and shied away from the UK schemes?
This article looks at the No Russia Rule contained in the 12th package of EU sanctions.