Ireland National Contact Group

The following are members of Ireland’s national contact group.

A&L Goodbody LLP
coordinating firm

Maria McElhinney
Marie O’Brien

Matheson
education and information firm

Stuart Kennedy
Yvonne McWeeney

Arthur Cox LLP

Fintan Kerins
Ruth Lillis

Mason Hayes Curran LLP

Barry Walsh
Christine O’Donovan

Bwalsh@mhc.ie

McCann FitzGerald Solicitors

Georgina Oriordan

AWG statements and principles on fundamental financing and leasing items

AWG has released the following statements and principles on fundamental financing and leasing items.

Covid-19 action

The spread of the COVID 19 virus (c-19), and the resulting regulatory and health-based restrictions on passenger air transport, have placed unprecedented stress on aviation requiring immediate governmental support and relief. AWG, in consultation with other affected parties, is assessing a range of actions to assist the air transport sector in addressing the economic impacts of the spread of c-19.

Global Aircraft Trading System (GATS)

The main purposes of GATS are to facilitate the trading and financing of aircraft equipment by reducing the burdens on lessees, lessors and financiers and to promote aircraft equipment trading and financing in an efficient, secure and predictable manner.

Cape Town Convention

AWG was a central participant in the development of the Cape Town Convention (CTC).
CTC is a treaty designed to facilitate asset-based financing and leasing of aviation equipment, expand financing opportunities, and reduce costs – thereby providing substantial economic benefits.

Cross-border transferability

The overriding objective of AWG work on XBT is to seek alignment of international regulation, national law, and best practices with the realities of cross-border transfers while at all times maintaining or improving the highest standards of safety through processes that reduce regulatory overlap and duplication and promote consistency, accuracy and simplicity.

Environmental Social and Governance

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.

Export credit

AWG has engaged with the OECD as a principal interlocutor since 2005 and remains active in work relating to export credit regulation.

Banking regulation

AWG monitors, and assess the effect of, capital requirements on aircraft financing.

Air navigation and airport charges

AWG is committed to working with authorities and other bodies for amounts needed to finance air navigation and airport systems.

Accounting

AWG monitors and engages in policy discussions regarding accounting rules as they impact aircraft financing and leasing.

Insurance and liability

AWG monitors, and assess the effect of, liability rules and insurance practices that may adversely affect aviation financing and leasing.