This article explores the workings of the EU UK and Swiss (CH) ETS schemes, including their enforcement mechanics, and the risk that an aircraft operator’s non-compliance with them poses to lessors across those jurisdictions which fall within these schemes.
A financial flavour to this week’s Commercial Disputes Weekly with a look at Events of Default under a loan facility and a decision on the requisite knowledge for a financial services offence. We also cover a judgment that adds to the developing case law in relation to digital currency and another confirming the importance of enforcement of arbitration awards.
In Commercial Dispute Weekly Issue 107, the cases address some contractual basics; offer and acceptance, jurisdiction clauses and quantification of damages for breach. We also look at a decision highlighting the often difficult issue of when litigation privilege begins.
Our latest Commercial Disputes Weekly contains a trio of contract interpretation cases that demonstrate the importance of understanding exactly what you are agreeing to, and a reminder from the Court that in court hearings are the norm once again.
WFW successfully advises Ryanair on appeal against Italy’s Public Service Obligations to Trapani airport
Watson Farley & Williams has successfully advised Ryanair on its appeal against the Italian Ministry of Infrastructure and Transport’s Decree no. 2/2020, which imposed Public Service Obligations on scheduled air services between Trapani airport and other six destinations.
The deal, which was approved by the courts in on 2 September 2020, is one of the most significant airline restructurings to have taken place since the onset of the Covid-19 crisis, and was the first to be implemented using the UK’s new Part 26A of the Companies Act 2006.
This short Q&A references 20 key points to think about on aviation deals in France describing practical things aircraft lessors and financiers need to be aware of in relation to their operations in France and/or with French lessors.
This updated edition explores how the market’s response has developed, the trends that have emerged and some significant changes to legislation in the UK and incorporates a valuable table comparing the key features of a UK scheme of arrangement, a UK restructuring plan and the US’s Chapter 11 rehabilitation procedure, as well as case studies on the restructurings of Virgin Atlantic Airways and Malaysian Airlines Berhad.
Using original equipment manufacturer source data provided by Airbus, ATR, Boeing and Embraer, the ACC will generate and compare carbon dioxide emissions data for aircraft and aircraft portfolios.
In the first of our series on ESG principles in the aviation sector, we consider some of the environmental and sustainability initiatives that exist today or are on the horizon in the aviation industry.