LAW41590 Law of Aviation Finance

Academic Year 2022/2023

The objective of this module is to develop students’ understanding of the legal framework for the financing of civilian aircraft. The module will begin by considering the fundamentals of the law of finance including the law of contract, property, equity and trusts. It will then examine public international law aspects of civil aviation. The second half of the module will focus on specific issues pertaining the financing of aircraft including: sales of new and second hand aircraft; financing structures for pre-delivery payments; operational leases; finance leases and secured loans over aircraft; registration and priority of international interests under the Cape Town Convention; aircraft finance and the conflict of laws. It will also cover insurance and the regulatory framework of aircraft ownership and financing. It will also cover the legal aspects of maintenance & Maintenance obligations, management of aircraft records, and aircraft engines.

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Curricular information is subject to change

What will I learn?

Learning Outcomes:

On successsful completion of this module students will be able to:

1. identify and discuss the principal rules of the international legal framework governing civil aviation;
2. describe the principal features of aircraft purchase and sale contracts, the leasing of aircraft (operating and finance) and the financing of aircraft on lease.
3. understand the insurance & regulatory framework of aircraft ownership and leasing, including the registration of aircraft.
4. describe and critically asses the operation of the Chicago and Cape Town Conventions on international Interests in Mobile Equipment and its associated Protocol on Matters Specific to Aircraft Equipment.
5. understand the issues and processes involved in dealing with aircraft upon the default of the lessee, both legal and practical

How will I learn?

Student Effort Type	Hours
Lectures	24
Autonomous Student Learning	180
Total	204

Am I eligible to take this module?

Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles

Incompatibles:
LAW41170 - Law of International Finance

How will I be assessed?

Assessment Strategy

Description	Timing	Open Book Exam	Component Scale	Must Pass Component	% of Final Grade
Presentation: Group Presentation	Week 8	n/a	Graded	No	10
Project: Individual Project to be delivered at the end of term	Coursework (End of Trimester)	n/a	Graded	No	50
Group Project: Group Project in Week 8	Week 8	n/a	Graded	No	40

Carry forward of passed components
Yes

What happens if I fail?

Resit In	Terminal Exam
Autumn	No

Assessment feedback

Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Group feedback will be provided to via Brightspace. Indidivual feedback may be requested in person from the module coordinator.

Associated Staff

Name	Role
Assoc Professor Tj McIntyre	Lecturer / Co-Lecturer