The firm represented an airline in negotiating one of the
first multi-national asset-based finance lease transactions involving export credit
agencies from two countries. The transaction, which involved the formation of a
special purpose French groupement d'interet economique (GIE) to serve as owner-lessor,
presented significant cross-border enforcement and taxation issues.
- Master
Limited Partnerships
The firm advised an equipment leasing company on the
formation of the first publicly-traded master limited
partnership to register aircraft in a transaction involving
the sale and leaseback of five DC-9 aircraft. The firm
also assisted the client in restructuring other ownership
arrangements to allow significant (i.e., up to 25 percent)
foreign investment in U.S.-registered aircraft.
Operating
Leases
The firm has represented various lessors and lessees
in negotiating and documenting numerous operating lease
transactions, ranging from fairly straightforward short-term
leases to more complicated joint venture arrangements.
The firm has advised a
major investment bank in structuring the first
"collateralized" financing involving landing
slots at certain high density airports. The firm also
has represented a major European
bank in negotiating and
documenting the financing of a corporate jet in a
transaction valued at $11 million.
The firm has represented
various airlines and financial institutions in
sale/leaseback transactions involving fifteen aircraft with
an aggregate value in excess of $150 million.
The firm has represented
various financing parties and U.S. and foreign air carriers
in connection with the purchase and sale of aircraft. |
