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Diploma in Aviation Leasing and Finance

Start Date 30 January 2020 at 6:00 PM
Assessment Three-hour closed book written exam: Saturday 4 July 2020.
Delivery Method Onsite Thursdays 6pm to 8.30pm and webcast online with workshops on Saturdays.
CPD Hours The number of hours of CPD that you may claim in relation to this course will depend on the way in which you access each of the individual sessions.  For further information and the CPD booklet, see CPD scheme.
Course Leader Claire O'Mahony, Solicitor, Course Leader, C.OMahony@LawSociety.ie.

Price:

€2,800.00

This item is not available to book online

*2019 Winner Postgraduate Course of the Year in Law in the GradIreland Higher Education Awards; proud finalist in 2020.

aviation shortlist

 

Application information

We are no longer accepting applications for this course. If you are interested in applying for the next course, please register here for our Interested List. We would be happy to contact you when applications open for the next offering of this course. We look forward to welcoming you to study with the Diploma Centre.

Short video testimonial

Solicitors and Trainees

To pay online click on the 'Book Now' button. For all other methods of payment including, draft, cheque and EFT please see our methods of payment.

Other Professionals

We welcome applications for this course from suitably qualified professionals. This application will need to be approved before you can book online and is subject to a supplemental fee of €200 making the total course fee €3,000. To apply please email the following documents to diplomateam@lawsociety.ie:

  1. Completed application form (see below)
  2. Curriculum Vitae
  3. Short cover letter setting out your relevant experience

Download

Further information on this course including course structure, module scheme, faculty and workshop dates are set out below. Clicking on the links will bring you directly to that section or simply scroll through to read all the content.

Programme objectives

On completion of this training programme, participants will be able to: 

  • Analyse the key legal issues pertaining to the sale and lease of aircraft;
  • Critically evaluate the finance structures involved, how to finance an aviation transaction, and funding available;
  • Explain the key regulatory issues pertaining to aviation;
  • Summarise the legal issues relating to key aviation matters, such as engines, maintenance reserves, security, taxation, insurance, records, and repossession;
  • Draft and amend the key legal and financial documents and structures in aviation leasing and finance transactions;
  • Advise on a range of aviation issues that arise in practice – be it from a lender, lessor, lessee, or airline.

Programme structure and approach to learning

Ireland is internationally recognised as the global hub for aviation leasing and finance, with each of the top ten global aircraft lessors enjoying a presence here. Half of the world’s fleet of leased aircraft is owned, leased, or managed in Ireland. The major industry players have been attracted by Ireland’s stable political regime, membership of the EU, favourable time zone, and talented workforce, not to mention our legal and regulatory advantages. In addition, Ireland’s network of over 60 double tax treaties, combined with the absence of withholding tax on aircraft lease rentals and a corporate tax rate of 12.5%, makes Ireland a commercially attractive place to set up and run an aircraft leasing company. 

This advanced-level diploma provides comprehensive coverage of the key aspects of the aviation leasing and finance industry. It aims to deliver an in-depth analysis of the core legal and practical issues that parties typically encounter in aircraft leasing and finance transactions.

Modules

The programme is based on the following module scheme and covers key themes as listed below:

Module 1: Introduction to the aviation industry

  • Origins of aviation industry in Ireland,
  • Profile of aviation industry 2020,
  • Reasons for development of Ireland as aviation hub,
  • Analysis of main industry players in the sector,
  • Overview of regulatory framework.

Module 2: Purchase and Leasing Aircraft

  • Reasons for investing in aircraft,
  • Aircraft operating lease agreements and key clauses,
  • Purchasing aircraft – the practical considerations,
  • Relevant purchase documentation,
  • Delivery of aircraft – acceptance certificates, relevant clauses,
  • Trading aircraft.

Module 3: Aviation Finance

  • Commercial debt financing for aviation,
  • Analysis of key capital markets structures,
  • PDP financing from a leasing company and bank perspective,
  • Analysis of typical Expert Credit Agencies structure (ECA),
  • Function of the Export-Import Bank (US) and Irish Stock Exchange,
  • Typical security taken over aircraft.

Module 4: Regulatory environment

  • Role of Irish Aviation Authority,
  • The Chicago Convention, ICAO, IATA
  • The Cape Town Convention,
  • The International Registry of Mobile Assets,
  • European Aviation Safety Agency Regulations,
  • EU Emissions Trading Scheme,
  • Registration and de-registration of aircraft.

Module 5: Taxation and Aviation

  • Importance of Irish tax residence,
  • Tax opinions, legal opinions,
  • Double taxation treaty network,
  • Withholding tax,
  • Section 110 Companies.

Module 6: Insurance and Aviation

  • Airline aviation insurances and key clauses,
  • Lease insurance provisions in aircraft operating leases,
  • Lessor considerations,
  • Claims management,
  • Standard endorsement analysis.

Module 7: Applied leasing issues

  • Jurisdictional issues,
  • Redelivery of aircraft,
  • Helicopters –leasing, registration,
  • Engine leasing,
  • Maintenance reserves,
  • Aircraft records management,
  • Corporate service providers.

Module 8: Repossession and recovery

  • Repossession in practice,
  • Key documentation, key clauses
  • Material adverse changes,
  • Relevant default provisions,
  • Termination notices,
  • Applications to court,
  • Enforcement –practical steps.

Module 9: Fleet planning

  • Fleet planning by airlines,
  • Strategies engaged,
  • Case studies,
  • Lessor positioning.

Module 10: Case law and future trends

  • Irish and UK aviation case law update,
  • Future trends for aviation industry.

Module 11: Career Panel event
This will afford students the opportunity to get expert advice from professionals in the industry about how to enter the aviation industry or how to successfully move sectors within the aviation industry.

Workshops

Workshops are a key feature of this course. These are designed to be interactive and involve working in groups on selected case-study problems and analysis, with an emphasis on the application of the law to common scenarios encountered in practice.

  • Workshop 1: Saturday 29 February 2020
  • Workshop 2: Saturday 28 March 2020
  • Workshop 3: Saturday 9 May 2020
  • Workshop 4: Saturday 6 June 2020 

Assessments

Three hour closed book exam: Saturday 4 July 2020.

Who should attend?

In order to apply you must (1) be a qualified lawyer or (2) have a minimum of two years' full-time experience in the aviation industry or (3) have successfully completed the Certificate in Aviation Leasing and Finance. 

This course is suitable for:

  • Solicitors, barristers, and trainees who advise aviation clients or who wish to join the aviation sector;
  • Professionals working in the aviation industry who wish to expand their knowledge with a view to career advancement or moving laterally to another discipline within the industry;
  • Professionals working in aircraft leasing companies or airlines;
  • Contract administrators and engineers;
  • Professionals in financial institutions that fund the purchase of aircraft;
  • Accountants, finance professionals, and tax consultants advising aviation clients; and
  • Insurance professionals specialising in aviation insurance.

We welcome applications for this course from suitably qualified non-members. Please explain your interest and set out any relevant experience in a cover letter and a brief CV. Such applications are subject to a supplemental fee, which amounts to €200 in respect of a diploma application. Students who have successfully completed the Certificate in Aviation Leasing and Finance will be eligible for a discount on their diploma application.

Hear from our graduates

 

Laura Ni Dhruachain

“I found the course incredibly informative, and I use everything that I've learned from the Diploma on a day-to-day basis. I would definitely recommend it for those in the aviation industry or even for those considering a move into the industry. The fact that it's webcast makes it a very flexible course especially for those who are working full-time like myself or even those living internationally." 

Sarah Harmon (Senior Associate, Mason Hayes & Curran)
Diploma in Aviation Leasing & Finance, Spring 2016

Faculty

The teaching faculty for this diploma comprises a fantastic array of world-renowned legal practitioners from Ireland, the UK and the USA, along with leading aviation industry specialists. Lecturers and tutors are drawn from the leading law firms specialising in aviation law, aircraft leasing and management companies, airlines, the International Registry of mobile assets, asset management companies, insurance companies, Dublin Aviation Authority and the Irish Aviation Authority.

  • Donna Ager, Maples Group
  • Julien Basset, Apollo Aviation
  • William Coleman, Holland & Knight
  • Rob Cowan, Aviareto
  • Catherine Deane, McCann Fitzgerald
  • Jeanette Delahanty, CDB Aviation
  • Patrick Farrell, Norton Rose Fulbright
  • Nikki Foley, Matheson
  • Dick Forsberg, Avolon
  • Ben Godsell, Milbank, Tweed, Hadley & McCloy
  • Richard Goss, Hogan Lovells
  • Chris Hardisty, Clifford Chance
  • Stuart Kennedy, Matheson
  • Daniel Kiely, BoComm Leasing 
  • Kirk Malahy, Minsheng Commercial Aviation 
  • David McGovern, Walkers
  • Yvonne McWeeney, Matheson
  • Deirdre Ní Chearbhaill, Avolon
  • Kieran Oliver, Shannon Engine Support
  • Marie O’Brien, A&L Goodbody
  • Christine O’Donovan, Mason Hayes & Curran
  • Niamh O'Meara, Milestone Aviation Group
  • Georgina O’Riordan, McCann Fitzgerald
  • Catherine Quinlan, CQAI Consulting
  • Ed Riley, Avolon
  • Robert Roy, Ex-Im Bank
  • Daniel Roberts, Lobo Leasing Limited
  • Ken Rush, Walkers
  • Brian Skehan, Irish Aviation Authority
  • Mark Shtenko, DVB Bank
  • Lucy Shtenko, Watson Farley Williams
  • Ronan Stewart, Santos Dumont
  • Gerry Thornton, Matheson
  • Mary Townsend, ASL Aviation Holdings
  • Jeff Veber, Vedder Price 

CPD

The number of hours of CPD that solicitors may claim in relation to this course will depend on the way in which you access each of the individual sessions. For latest details and the booklet, see CPD scheme.

Contact

Claire O'Mahony, Solicitor, Course Leader, C.OMahony@LawSociety.ie.

*Every effort has been made to ensure the information contained in these pages is accurate and up to date. However timetables and course content are subject to change and date and time changes may occur due to factors beyond our control.

 

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Price:

€2,800.00

This item is not available to book online