AviationCanadian Government Extends Aviation War Risk Liability Program for Two More YearsPublished: 01/07/2011 This is the first of the new Aviation Group e-lerts that will be sent to you on a regular basis, providing you with timely updates on important developments in aviation law and finance in Canada. For those in the Financial Services Sector who facilitate aviation financing or leasing, the information in these e-lerts will be relevant to your transaction risk assessment and to protecting your interests. Following the tragic events on 9/11, the Government of Canada has provided a temporary indemnification for third-party aviation war risk liability for essential aviation service operators in Canada. On December 9, 2010, the federal Minister of Transport, Infrastructure and Communities extended the Aviation War Risk Liability Program for the period from January 1, 2011 to December 31, 2013. There are no changes to the substantive content of the Undertaking or Declaration. Please click to view the updated Undertaking and Declaration. Should you have any questions regarding the Canadian Government program, please contact Bogdan Teofilovici at (416) 860-6457 or bteofilovici@casselsbrock.com.
The Cassels Brock Aviation Law Group looks forward to working with you in 2011 and encourages you to contact Bogdan Teofilovici or any partner on our team: Joseph Bellissimo, Partner – Aviation Bankruptcy, Restructuring and Litigation Daniel Bourque, Partner – Aviation Law David Budd, Partner – Asset Financing and Leasing Jonathan Fleisher, Partner – Asset Financing and Leasing Laurie LaPalme, Partner – Aviation Insurance / Aviation Claims Alison Manzer, Partner – Aviation Law, Asset Financing and Leasing, Syndications Jim Parks, Partner – Aviation Tax Yves St-Cyr, Partner – Aviation Custom and Value Added Tax Bogdan Teofilovici, Partner – Aviation Law Heather Zordel, Partner – Securitization / Securities Kellie-Ann Machete, Law Clerk – Aviation Law
Bogdan Teofilovici
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