AWG has released the following statements and principles on fundamental financing and leasing items.
Statement on guiding principles in structured financings with shared security
In light of and response to recent events, AWG issued a statement on guiding principles which it recommends in order to provide greater predictability for financiers and investors in situations where multiple classes of debt share in a single security interest over aircraft equipment and related collateral and remedies are being exercised. This statement of principles has been prepared by AWG as an elective guidance tool.
Statement on airline restructuring principles
In response to the disruption to air transport caused by Covid-19, AWG issued a statement on guiding principles which it recommends to materially enhance the prospects for a successful airline restructuring. That statement has been prepared by AWG as an elective guidance tool.