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Olympic Airways judgment 2 May 2012
- Norton Rose Australia
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- United Kingdom
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- September 26 2012
In May 2010 we reported on the application for summary judgment in ACG Acquisition XX LLC v Olympic Airlines S.A. 2010 EWHC 923 (Comm
Material Adverse Change
- Norton Rose LLP
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- United Kingdom
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- March 8 2012
We have received an increasing amount of queries regarding Material Adverse Change (MAC) clauses over the last few months, which are a common feature of most facility agreements, leases and mandate letters
Reform of air passenger duty
- Norton Rose LLP
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- United Kingdom
- -
- March 8 2012
The coalition Government confirmed on 6 December 2011 that it will go ahead with the proposed extension of air passenger duty (APD) announced in the Autumn Statement
Does an operating lessee have to pay rent for a defective aircraft?
- Norton Rose LLP
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- United Kingdom
- -
- May 14 2010
In ACG Acquisition XX LLC v Olympic Airlines S.A. 2010 EWHC 923 (Comm.), the English High Court was asked to rule on the circumstances in which the defective condition of an aircraft delivered to an airline under an operating lease might entitle the airline to refuse to pay rent for it
Judicial clarification of the choice of law rules for aircraft mortgages: how a mortgage may be effective in one jurisdiction but ineffective in another
- Norton Rose LLP
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- United Kingdom
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- April 14 2010
The English High Court has recently held that: it is the lex situs (that is, the laws of the jurisdiction where the relevant asset is situated at the time that the interest is created) which determines whether a property interest, such as a mortgage, is effectively created over that asset
The Aviation Greenhouse Gas Emissions Trading Scheme Regulations 2009 and 2010 how they could impact on aircraft operators flying to and from the UK
- Norton Rose LLP
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- United Kingdom
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- March 31 2010
The 2009 Regulations together with the draft 2010 Regulations (currently under consultation) (the "Regulations") will (once the 2010 Regulations come into effect) transpose into UK law parts of Directive 2008101EC, which amends Directive 200387EC (the "Directive") to include "aviation activities" within the EUETS
Fasten your seatbelts: take off imminent for airline mergers
- Norton Rose LLP
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- United Kingdom
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- February 2 2010
British Airways (BA)Iberia, BAAmerican Airlines - two proposed mergers involving international "flag carrier" airlines with others potentially in the pipeline
A new year’s resolution after a noughty year end?
- Norton Rose LLP
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- United Kingdom
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- February 2 2010
For the corporate jet market, the last 18 months of the noughties may have left many clinking in 2010 with a glass of Prosecco rather than a Nebuchadnezzar of Perrier Jouet's Belle Epoque
BAA update - successful appeal against Competition Commission break-up decision
- Norton Rose LLP
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- United Kingdom
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- December 23 2009
On 21 December 2009, the UK Competition Appeal Tribunal (the CAT) handed down its judgment upholding part of BAA’s appeal against the report prepared by the UK Competition Commission (the CC) in its market investigation into BAA airports
Possible changes to the UK VAT exemption for aircraft
- Norton Rose LLP
- -
- United Kingdom
- -
- October 27 2009
In the Summer edition of the Legalflyer we alerted readers to a possible change in the UK VAT zero rating for aircraft
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