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.
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.
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.