AWG carbon calculator (ESG)

AWG has agreed to finalize the AWG carbon calculator (ACC). It is scheduled for release by the end of Q1, 2021.  Based on manufacturer data, the ACC will calculate emission of aircraft and fleet portfolios. It will do so based on standard aircraft configurations, typical utilization and stage lengths.  The tool will make use of standardized data, analyzed under consistent methodology.

The ACC will be developed by propel-ant, and AWG will be supported in its implementation by Watson Farley Williams. The ACC is part of AWG’s work on Environmental Social and Governance (ESG), geared to the context of aviation financing and leasing.

Accelerated development of the trusted communication facility

AWG is pleased to announce the accelerated development of the trusted communication facility (TCF). Attached is the joint statement on TCF released by AWG and Aviareto.

The TCF will be an online platform to support the aviation industry as it recovers from the COVID-19 pandemic. In particular, the TCF system will enable faster, more efficient and cheaper return to service for aircraft while maintaining highest levels of safety. It will be centred on documentation relating to airworthiness requirements.

The TCF will permit regulators and industry participants to exchange, digitally sign and execute electronic documents to facilitate the return to service of aircraft.

Presentation on global AWG activities

AWG gave a panel presentation on its global activities (including c-19, airline structuring principles, legal stability, ESG, return to service, GATS, and export credit) at the Airline Economics (virtual) event in Hong Kong on 4 November 2020

New edition of the practitioner’s guide to the Cape Town Convention and Aircraft Protocol

On 12 October 2020, the legal advisory panel of AWG released the 2020 new edition of the practitioner’s guide to the Cape Town Convention and Aircraft Protocol 

Cafico Trust Company Limited pre-cleared as GATS trustee

Cafico Trust Company Limited has been pre-cleared as a GATS trustee. A list of all pre-cleared GATS trustees can be found here.

AWG releases 2020 semiannual update of the CTC compliance index

AWG releases 2020 semiannual update of the CTC compliance index as of 7 September 2020

CTC academic project conference hybrid event

The CTC academic conference was held, as one the first ‘hybrid’ events, on 10 – 11 September 2020. Select participants attended at UNIDROIT’s headquarters in Rome, following strict safety procedures, with approximately four hundred others linking in by video. The conference, which is widely seen as the premier CTC-related event, addressed, among other things, CTC compliance including in light of c-19 developments, assessment of CTC and schemes of arrangement, judicial breach of CTC, and European insolvency law and CTC.  The final program is attached.

A picture of the event can be found here.

MUFG, GA Telesis, and DVB Bank join AWG

MUFG, GA Telesis, and DVB Bank join AWG

Cross-border insolvencies and the Cape Town Convention

Clarity provided on select aspects of the relationship between cross-border insolvencies and Cape Town Convention through annotation 2 to the Official Commentary issued by the CTC academic project

Voluntary reorganizations and the Cape Town Convention

Clarity provided on relationship between voluntary reorganizations and Cape Town Convention through annotation 1 to the Official Commentary issued by the CTC academic project

 AWG and Aviareto propose c-19 trusted communication facility

AWG and AVIARETO have proposed to ICAO a trusted communication facility, which would, on a voluntary basis, permit and facilitate the use of digitally signed documents and electronically transmitted materials (industry-to-governments and government-to-government) to aid in c-19 return to service

COVID 19 related action

AWG, in consultation with other affected parties, has since March 2020 taken a range of actions to assist the air transport sector, including airlines, the aviation leasing and financing industry, and the public, in addressing the economic impacts of the spread of COVID 19

The Global Aircraft Trading System (GATS) platform went live on 1 June 2020

The Global Aircraft Trading System (GATS) platform went live on 1 June 2020