International Comparative Legal Guide - Aviation Finance & Leasing 2024 2024

The exceptional challenges presented by international events
remain ongoing and continue to reinforce the vital role and significance of
aviation finance, both globally and regionally.



What was already a hugely dynamic and complex industry continues
to evolve at even greater speed in response to, among others, the Brexit
fallout, the COVID-19 pandemic,



and the number of armed conflicts that continue to mark the
landscape, including, of course, Russia's controversial military campaign in
relation to Ukraine and Israel's response



to the horrific events taking place on its soil last autumn and
the associated regional instability created. As a result, no less than the best
from the best of those legal practitioners specialising in aviation finance
will be required by the various stakeholders to support and evolve the
navigation of these developments and their consequences.



In addition, we have the ongoing imperative of addressing
climate change to consider, with the juxtaposition of aviation finance firmly
enveloping the whole conversation.



Glasgow 2021, albeit now disappearing into the past rather more
quickly than is comfortable, was undoubtedly a watershed moment in terms of
soliciting the necessary meaningful binding commitments towards decarbonisation
of the aviation industry, and that is being embraced at last - IATA's
commitment to "Fly Net Zero" by 2050 is profound and sincere. However, at this
stage, it is likely to be the challenges around relevant technology and the
speed at which it is safely available to the commercial aviation sector that
will be most determinative as to the nature of aviation finance's relationship
with the financial markets and the regulators going forward, with upwards of an
eye-watering US$5 trillion estimated to be required to reach aviation
carbon-neutrality by 2050.



In any event, aviation finance certainly promises to continue to
be the most demanding of journeys, but a stimulating and hopefully a rewarding
one nevertheless, particularly in view of the stakes involved, the
opportunities to make a positive impact and the abilities of all those
concerned in the sector to contribute purposefully.



With all of this in mind, the invitation to participate in the Guide
was unsurprisingly once more hugely well received by some of the world's
leading law firms and the most recognised specialists in the sector, as well as
by other partners involved in this latest iteration of such a rewarding
project.



Our sincere thanks therefore go once again to both Global Legal
Group for their efforts and unstinting support in again bringing together such
preeminent contributors, and to those involved for so generously sharing their
knowledge and expertise in a single volume. The quality and value of this
edition of the Guide as an authoritative reference work for matters
pertaining to aviation finance and leasing is thereby assured.