SGI Advisory announces a follow-up contract by the Aviation Working Group (AWG) on the subject of cross-border transfer of aircraft

SGI Advisory is pleased to announce a follow-up contract by the Aviation Working Group (AWG) on the subject of cross-border transfer of aircraft. The contract entails two interrelated projects. The first is the compilation of a document listing National Import Requirements for at least the 80 largest aviation countries. This document is intended for use in establishing an international repository, ideally to be under intergovernmental authority, providing the aviation community with efficient access to national import requirements. This repository will also contribute to further harmonization of the world's aviation safety regulations by making more transparent the differences that currently exist, thus promoting their removal.

The second project is a proposal for the expansion of international guidance material on import and export of aircraft in the area of, primarily, airworthiness. Such material would provide the regulatory community with reference benchmarks and thus encourage best international practices and so, again, further international harmonization.

The projects build upon the work conducted in 2010 by SGI Advisory for the AWG, see  here. An Economic Impact Assessment on dissimilar technical regulatory requirements impacting cross-border transfer of aircraft identified that regulatory overlap and duplications would cost the industry an estimated USD 7 billion over the next 20 years if not corrected. The study contains  some 23 recommendations which have been discussed at high levels with ICAO, FAA and EASA. The two projects are the first major steps for introducing the desired changes to the regulatory framework and will be developed in close coordination with these policy makers.

SGI Advisory's Managing Director, Wim Ovaa, is very pleased to have a continued relationship with the AWG by virtue of this contract. ‘It fits our strategic objective of being an intermediary between the regulators and the regulated and then with particular emphasis to be of service to the aircraft financing community at large. As the initial study was characterized by AWG as "ground breaking", we are proud to remain at the forefront of this topic.'   

AWG's General Secretary, Jeffrey Wool, says ‘these projects are intended to lay the foundation for improved efficiency in cross-border transfers while simultaneously strengthening safety standards.  SGI is ideally positioned to assist AWG in formulating proposals to the aviation authorities in pursuit of these core objectives.'

About AWG

Aviation Working Group (AWG) is a not-for-profit legal entity comprising major aviation manufacturers, leasing companies and financial institutions. The purpose of AWG is to contribute to the development and acceptance of policies, laws, regulations and rules that (i) facilitate advanced international aviation financing and leasing or (ii) address inefficiencies in aviation financing or leasing or that constrain these transactions.

www.awg.aero

About SGI Aviation

SGI Aviation provides a range of services relating to the ownership and management of commercial aircraft and engines, including overall lease management services and technical and commercial consultancy services, to airline operators and non-airline aircraft owners around the world.

With core expertise in the field of aviation safety regulations, SGI Advisory is positioned between the Regulators and the Regulated. The regulatory expertise is marketed by means of training, consultancy and managed services.  

www.sgiaviation.com