AWG has released the following statements and guidelines on fundamental financing and leasing items.
AWG releases statement of principles relating to economic sanctions impacting international aviation finance
AWG releases a statement of principles which should be considered in connection with the formulation of any future economic sanctions which may affect the aviation industry. This statement of principles has been prepared as a general policy document.
Guidelines in structured financings with shared security
In light of and response to recent events, AWG issued guidelines 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. These guidelines have 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.