AWG has issued watch-list notices for covid-19 related action, and in connection with insolvencies proceedings, in each case, for purposes of the  CTC compliance index

A chart tracking the watch-list notices can be found here

Visit the CTC compliance index website for more information

CTC compliance index scoring adjustments

AWG issues CTC compliance index scoring adjustments for Singapore and Russia

Visit the CTC compliance index website for more information

GATS digital signature format satisfies FAA policy clarification

FAA issues an opinion concluding that the GATS digital signature satisfies the criteria outlined in the FAA’s 13 April 2016 Notice of Policy Clarification for Acceptance of Documents with Digital Signatures

AWG submits comments to EASA on c-19 return to service items

AWG submits comments to EASA on c-19 return-to-service, and encourages consultations and parallelism between EASA, FAA, and other authorities

Joint AWG – Aviareto task force on acceptance, use and delivery of digital signatures

In view of the need, made clear by the disruptions caused by the spread of COVID 19,  to accelerate the use of digital signatures, AWG and Aviareto have created a task force to explore options, and, if possible, propose a global approach or system for the acceptance, use, and efficient delivery of digital signatures to the aviation leasing and financing industry and government officials

COVID 19 related assessment and action

AWG, in consultation with other affected parties, is assessing 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

FAA completes review of GATS final documents

On 16 March, 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, are in due form for filing, and will support aircraft registration in the name of a GATS trustee. In line with the efficiency objectives of GATS, that opinion is a ‘global opinion’, which intents to cover any specific GATS transaction (using the electronic, non-amendable GATS documents), coupled with needed certification.

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.

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