This Course focuses on special private air law that covers cross-border financing and leasing transactions relating to expensive aircraft, aircraft engines and helicopters which are used for commercial and private purposes in the Russian Federation and other jurisdictions. For example, the price of an aircraft may run up to Euro 220 million and of an engine up to Euro 25 million. The main objective of international aviation finance law is to facilitate the acquisition of these expensive aircraft objects. It creates significant financial benefits to countries at all stages of economic development. The legal regimes will lead to reduced prices of airline tickets and air cargo which benefits passengers and companies. This Course also addresses various international Court cases, including some disputes that have contacts with the Russian Federation. For example, when a debtor defaults under the loan or lease agreement the creditor must be able to repossess and de-register the aircraft immediately. Unfortunately, this is not always possible which creates economic risk. Consequently, the needed aircraft is not leased or financed or at unnecessary high costs.
Topics covering currently arising problems:
Sources of International Aviation Financing Law:
To a more or less extent the following international regulations will be discussed:
Be able to properly interpret the fundamental legal principles and practical aspects of international aviation financing and leasing laws.
Be able to understand the extremely complex international and national aviation finance and lease transactions.
Currently, there exists no adequate handbook for the subjects which are covered by the Course. All materials will be provided by AEROHELP Institute of Air and Space Law before the course takes place.