Cape Town Convention compliance index -- subscription information

AWG posts subscription information for its CTC compliance index -- to be released 29 February 2020. More information on subscribing to the compliance index can be found here.

Intertrust Trustee (Ireland) Limited, UMB Bank, N.A., and Wilmington Savings Fund Society, FSB pre-cleared as GATS trustees

Intertrust Trustee (Ireland) Limited, UMB Bank, N.A., and Wilmington Savings Fund Society, FSB have been pre-cleared by AWG as trustees for the GATS system. A list of all pre-cleared trust companies can be found here.

GATS business aircraft group formed

GATS business aircraft group has been formed to assist on assessment and analysis of GATS. McAfee & Taft will coordiante that group.

AWG establishes working group on Environmental Social & Governance (ESG) and aviation finance

AWG has established a working group to assess, provide information, and potentially take action on, ESG geared to the context of aviation financing and leasing.The foregoing may include the development of metrics, methods, emissions (and CORSIA-related liability) tracking, reporting and documentation and/or principles geared to the context of aviation financing and leasing.

AWG has retained Clifford Chance and Watson Farley Williams as co-counsel to advise AWG, and support its work, on ESG in the context of aviation financing and leasing. AVOCET and KPMG (aviation and sustainable futures group) have also agreed to provide advice to, and support this work of, AWG.

FAA completes review of GATS transitional documents

On 22 January, 2020, the Office of the Aeronautical Center, Central Region Counsel, Federal Aviation Administration, issued an opinion concluding that the GATS transitional trust documents comply with applicable federal law and will support aircraft registration in the name of a GATS trustee

OECD (ASU Participants) to work with and assess AWG’s CTC compliance index

For an 18-month period, the OECD (ASU Participants) will work with and assess AWG’s CTC compliance index as a source of information in connection with its discretionary consideration of eligibility for the ASU’s CTC discount