$6bn+ Global aircraft financing in 2015-2016

Aviation

Aviation is a global industry and our aviation team reflects this. Spread across our network of international offices, we service our clients worldwide, around the clock, as a single cohesive team.

Our aviation practice covers a wide spectrum including:

  • structuring of financial products
  • sale and leasebacks
  • portfolio trading
  • manufacturer’s support (including mezzanine and junior lending and associated inter-creditors issues)
  • airline operation and technical maintenance programs
  • regulatory know-how relating to aviation authority regulation, airline investment, ownership and slot allocation and trading.

We advise on important issues confronting airlines, airports, aircraft lessors, banks and other financial institutions, arrangers, suppliers and manufacturers.

We are continually investing in our practice, bringing in additional transaction capacity and adding to the pool of knowledge and experience of our team. Our recent integration of the specialist team of William KK HO & Co in Hong Kong is just one example.

Our informed approach to problem-solving is designed to achieve commercially oriented outcomes that can add real value. Our mission is to provide a consistently cost-effective, first-rate level of service.

Related Specialisms

Latest Examples of Work

    • acquisition icon

      Long term portfolio refinancing

      Originally advised Minsheng Financial Leasing on the bridge facility that DVB provided on a bilateral basis for the financing of the acquisition of certain aircraft (aircraft on lease to SAS, Iberia, Garuda and Aeroflot). The timing for completion of the purchases did not work well and the facility was amended, re-sized and used to finance existing aircraft on lease to Hainan, Europa and Pegasus – five aircraft in all.

      This financing was structured through an orphaned entity as borrower, as it was intended to refinance the bridge through an ABS or capital markets offering. In fact, the bridge was refinanced through a syndicated loan arranged by DVB. A particular issue that arose in the transaction concerned stamp duty on aircraft mortgages registered in Turkey. As with all secured portfolio financings, the main challenge for us was managing the coordination and logistical issues that arise with multiple lessees in different jurisdictions and time zones. Drawdowns under both facilities were batched to match progress with the lessees.

This site uses cookies to help us manage and improve the website, your browsing experience, and the material/information we send to our subscribers. For further information about cookies, including how to change your browser settings to no longer accept cookies, please view our Privacy Notice. Otherwise we will assume you are OK to continue.