Asset finance: foreign firms in Singapore

Norton Rose Fulbright

A leader in the region, Norton Rose Fulbright‘s asset finance group focuses on the aviation, rail, shipping and offshore industries. Drawing on the firm’s extensive Asian and global networks, aviation finance practitioners are often engaged in complex cross-border assignments involving the financing, leasing, restructuring and the granting and enforcement of security in relation to aircraft, engines and corporate jets. Besides representing the leading financiers in this space and a variety of financial institutions, the practice is also retained by lessors, operators and major airlines in the region. With over three decades of experience in aviation finance, Keith Sandilands spearheads the group. The firm’s Singapore office is also a regional hub for shipping work; Ben Rose leads the team specialising in shipping finance, project finance for offshore oil and gas vessels and rigs, sale and leasebacks, and Japanese Operating Lease with call option (JOLCO) structures. Noted for her capabilities in ship finance work, Sue Ann Gan regularly acts for financial institutions, lessees and owners. Associate Sophie Polisena is another key contact for shipping finance mandates, most notably debt restructuring, syndicated and bilateral debt facilities.

Practice head(s):

Keith Sandilands; Ben Rose

Other key lawyers:

Sue Ann Gan; Sophie Polisena; Chloe Goodwin


‘Excellent team – efficient and runs projects on time to meet tight deadlines. Practical and commercial – always looking to close out issues and move forward.’

‘Ben Rose – great insight into key issues. Sophie Polisena – approachable, commercial and masterful control of the detail.’

‘NRF team is very hands-on and helpful in finding an adequate way to take all interests into account to the extent possible.’

‘Keith Sandilands – very comprehensive and knowledgeable advice, including legal, practical and commercial aspects.’

Key clients

Philippine Airlines, Inc.

Malaysian Airline System Berhad

Bank of Baroda

BNP Paribas


DBS Bank

DVB Bank


ING Bank N.V.

MISC Offshore

Standard Chartered Bank

Sumitomo Mitsui Banking Corporation

Work highlights

  • Advising subsidiaries of Yinson Holdings Berhad on the financing and call option arrangements in respect of a floating, production, storage and offloading (FPSO) vessel, to be chartered to Enauta Energia S.A. and operated by a subsidiary of Yinson in the Atlanta Field located in the Santos Basin, offshore Brazil.
  • Advised a syndicate of 12 lenders on a US$1.5bn bridge loan facility to an MISC subsidiary in respect of a floating production storage and offloading (FPSO) vessel, currently under construction, which will operate in a deep-water pre-Salt field offshore Brazil.
  • Advised on the English and Singapore law aspects of a loan facility of up to US$930m, including upsize options which were exercised twice in 2021, provided by Bank of Baroda and other lenders to Armada 98/2 Pte. Ltd., a joint venture between India’s Shapoorji Pallonji & Co. and Malaysia’s Bumi Armada Berhad, to finance project costs for the FPSO ‘Armada Sterling V’ to be converted, refurbished, delivered and chartered for operation in the Block KG-DWN-98/2 field, offshore East India.

Stephenson Harwood LLP

Fielding one of ‘the largest, and most sophisticated’ asset finance teams in the market, Stephenson Harwood LLP is particularly well-suited to advising a balanced array of stakeholders, including banks, financial institutions, lessors, airlines, shipping companies, oil and gas businesses, and insurers, on large cross-jurisdictional deals across asset classes, most notably in the aviation, shipping and offshore spaces. Its aviation finance team, one of the largest in Singapore, is adept at handling the entire spectrum of matters, including US and European ECA-backed financings, bond private placements, operating leases, and ground-breaking hybrid flip-leases, to name a few. Helmed by Saugata Mukherjee, whose expertise covers derivatives and structured products, the group has handled a host of refinancings, complex workouts and rent deferrals as a result of the pandemic. Gregg Johnston heads a shipping and offshore sub-group that is emblematic of the eclectic nature of the firm’s workflow. In addition to providing advisory and risk mitigation services, the team is frequently involved in cross-border financings, sale and leasebacks, restructurings and corporate matters across all sub-sectors including containers, tankers, bulkers, rigs, cruise and specialist vessels. Iain Young is a reference in this sector, having led on some of the most high-profile shipping and offshore transactions in Asia. Banking and finance partner Gregory Xu has notable strength in the maritime industry, which is also a particular area of focus for Pedram Norton. Another key individual for shipping finance, Jeffrey Tanner leverages his expertise in banking, finance, maritime and energy transactional matters to advise clients in this segment. Clement Leung is regularly seen in cross-border aviation finance mandates, an area in which Michelle Runagall-Orlić excels.


‘The largest, and most sophisticated, asset finance team in the market. Gregg Johnston is stellar and detail-orientated. Pedram Norton is very advanced for his newly promoted status and a go-to person. Saugata Mukherjee is a brilliant aviation finance lawyer.’

‘The SH team has been exceptional – both in terms of work ethic and delivery of work.’

‘Huay Yee Kwan of SH Singapore office is widely recognised by the PRC leasing houses for her knowledge and skills in the ship finance practice. Gregory Xu is very efficient and his turn-around time is exceptional.’

‘Ability to deal with customised and unique financing structures. Saugata Mukherjee – always able to smooth the edges and bring two sides together. Michelle Runagall-Orlic – efficient and great knowledge in finding solutions.’

‘This firm’s sector expertise, depth of experience and constructive professional approach enable deals to complete smoothly, whichever party in the transaction the firm represents. Gregory Xu brings extensive multi-jurisdictional expertise, an outstanding ability to build consensus and a constructive approach to all transactions: always a privilege to work with. Kai Wei Yeo adds seamless and efficient support to bring transactions to closure.’

‘Strong relationship focus and sector expertise. I always appreciate the partner involvement and quality of work. Gregg, Pedram and Iain are just some of the many top lawyers at SH in Singapore. SH Singapore is known for their hands-on approach, outstanding expertise and solution focus.’

‘Firm keeps abreast of trends in the market; they are totally coordinated between practice groups and offices; have market leaders within specialised practice areas; team is committed to excellence, and responsive and aware of client needs. Saugata Mukherjee combines the two critical skills of legal acumen and commercial nous, which makes for a complete and well-rounded lawyer. He is dynamic, adaptable, sharp and sensitive to client requirements amidst a changing environment.’

‘The team is quite professional and could handle the cases quite efficiently. They could tailor the client’s needs and are very reliable.’

Key clients


Bank of Communications Financial Leasing

Cebu Pacific

Crédit Agricole Corporate and Investment Bank

ING Bank

Lion Air Group

National Australia Bank Limited

NoNordea Bank

Société Générale

Standard Chartered Bank

Transportation Partners


Work highlights

  • Advising Cebu Pacific, Philippines’ largest airline, on the sale and leaseback of seven Airbus A320-214 aircraft.

Clifford Chance

With longstanding experience in the aviation industry spanning more than 30 years, Clifford Chance is a frequent advisor on headline financing deals in the APAC region. The team, which ‘draws on an excellent regional and global aviation, litigation and restructuring network when needed‘, is well versed in portfolio deals, cross-border financings, operating lease transactions and securitisation of lease receivables. A popular destination for lenders, the firm is regularly retained by international banks and lessors in China-related matters, including finance for both PRC lessors and airlines. Recapitalisations, restructurings and rehabilitations are among the recent areas of activity for the Singapore-based group, which has also advised on lease and loan defaults and deferrals in the aftermath of the pandemic. The ‘highly knowledgeableFergus Evans is the main contact in the aviation finance team in Singapore, where English qualified lawyer Nattawat Vilasdechanon stands out for his experience in structured finance and aircraft leasing transactions.

Practice head(s):

Fergus Evans

Other key lawyers:

Nattawat Vilasdechanon


‘Fergus Evans – experienced and resourceful in finding solutions.’ 

‘Clifford Chance remains peerless in Singapore and draws on an excellent regional and global aviation, litigation and R&I network when needed. Absolutely first class.’

‘Fergus Evans is highly knowledgeable, practical, and to the point. Superb with clients.’

‘Nattawat Vilasdechanon is razor sharp and a rising star.’

Key clients

The Hongkong and Shanghai Banking Corporation Limited

Bank of China Limited, BNP Paribas, DekaBank DeutscheGirozentrale, Crédit Agricole Corporate and InvestmentBank, Natixis and MUFG Bank, Ltd.

Macquarie Aircraft Leasing Services (UK) Limited, SMBCAviation Capital Limited, Aircastle Singapore Pte. Ltd. andAvolon Aerospace Leasing Limited

DVB Group Merchant Bank (Asia) Ltd., MUFG Bank, Ltd.,CTBC Bank Co., Ltd., Cathay United Bank, Co., Ltd., JAMitsui Leasing, Ltd

DBS Bank Ltd., ING Bank N.V., Sumitomo Mitsui BankingCorporation, Credit Industriel Et Commercial, OverseaChinese Banking Corporation Limited, Standard CharteredBank, United Overseas Bank Limited, Bank of America N.A,Commerzbank AG, Commonwealth Bank of Australia,Landesbank Baden-WürttembergNoInternational Finance Corporation NoIndigo Philippines LLC, an affiliate of private equity firmIndigo Partners LLC

CTBC Bank Co., Ltd.

Deutsche Bank AG (Singapore)

AerCap Ireland Limited (formerly GE Capital AviationServices Limited)

GE Capital Aviation Services Limited

KEB Hana Bank

Work highlights

  • Advised HSBC on the financing of an Airbus A320NEO aircraft and a Boeing 787-9 aircraft for TATA SIA Airlines Limited.
  • Advised the various syndicates as transaction counsel in connection with the business rehabilitation proceedings of Thai Airways International Public Company Limited and restructuring of the financing of various aircrafts, in each case on lease or hire to the operator.
  • Advised various lenders on a number of direct mortgage financings in EUR, JPY and SGD for Singapore Airlines (as borrower) of 22 A350 and Boeing 787 aircraft during 2020.

Herbert Smith Freehills LLP

Boasting a deep bench of aviation finance experts, the Singapore-based asset finance team at Herbert Smith Freehills LLP is adept in all types of transactions within the segment, ranging from export credit agency supported financing to Japanese operating lease transactions (JOLs and JOLCOs) and high-profile airline bankruptcies and restructurings, among others. The group acts for an impressive roster of airlines, lessors, financiers and Export Credit Agencies (ECA), and collaborates with practitioners in the disputes, restructuring, structured finance and corporate teams to provide comprehensive support in the context of aviation financing, insolvencies, deferrals and repossessions. Distressed airline restructurings are a particular area of strength for practice head Siva Subramaniam, who also excels in JOLCO financings. Financial institutions and lessors routinely seek Samuel Kolehmainen‘s advice on export credit agency financings and portfolio deals. Of counsel Duc Nguyen, who joined from Clifford Chance in January 2022, is a name to note for transactions with ties to the Vietnam market.

Practice head(s):

Siva Subramaniam

Other key lawyers:

Samuel Kolehmainen; Duc Nguyen; Shi Yin Gan; Mian Ang

Key clients






Aergo Capital

Virgin Australia Airlines


Capital A Berhad

Vietnam Airlines

Work highlights

  • Advised Natixis on a loan facility to East Merchant to finance its purchase of two Boeing 787-10 aircraft from Singapore Airlines.
  • Advised Singapore Airlines on the amendments of their various bilateral and syndicated SGD and JPY financings (with linked swaps) with more than ten banks, in connection with the discontinuation of JPYLIBOR and SGD Swap Offer Rate (SOR).
  • Acted for the lender group in the restructuring of a Japanese Operating Lease with CallOption (JOLCO) financing in relation to one B787-900 aircraft leased to Aeromexico.

HFW Singapore LLP

HFW Singapore LLP is able to handle a tremendous range and volume of finance mandates in the aviation and shipping segments. Shipping is at the core of the Singapore-based practice, which works closely with other ship finance and contentious shipping experts in Hong Kong and Shanghai. A myriad of stakeholders, including owners, operators and other investors, retain the team on a regular basis in mandates ranging from syndicated, club and bilateral debt financings to leasing, export credit financings, derivatives, bond issues and other forms of capital raising. Highly rated for his ‘deep knowledge’ and ‘commercial understanding‘, John Forrester is a leading figure in ship finance, with extensive experience acting for a wide range of banks, export credit agencies, private equity houses and shipping funds, among other clients. David Brotherton is at the helm of the aviation finance group, which is a go-to choice for lessors and seen with great regularity on lessor portfolio and warehouse financings, aircraft portfolio acquisitions and lease structuring. The team has an excellent reputation for PRC aviation financing, and is also noted for its track record in JOLCO financings. Siri Wennevik, who is proficient in Norwegian and Scandinavian-related deals, offers advice to banks and ECAs on their shipping and offshore loans, while Ling Lui has worked on multiple asset finance transactions within the aviation sector across Europe, America, Africa and Asia.

Other key lawyers:

Siri Wennevik; Ling Lui; Alexandra Forrest


‘John Forrester: deep knowledge; commercial understanding; attention to detail; availability.’

‘John Forrester is very thorough and has a commercial eye. John seems to never switch off and despite late requests always comes back with a reply.’

Key clients

Avolon Aerospace Leasing Limited (Avolon)



ALAFCO Aviation Lease and Finance Company

Bank of Communications Financial Leasing Co., Ltd.(BoComm FL)

Landbridge Group

KDB Asia Limited

ALAFCO Aviation Lease and Finance Company K.S.C.P.

Avolon Aerospace Leasing Limited (Avolon)


Watson Farley & Williams LLP

Co-headed by Madeline Leong in Hong Kong and Charles Viggers in Singapore, Watson Farley & Williams LLP‘s asset and structured finance department is best-known for its involvement in premium maritime and offshore finance mandates, but fields equally strong capabilities in transactions within the aviation sector. On the shipping front, the team has vast experience in handling sustainable finance initiatives, restructurings, work-outs, and wet and dry maritime financings. Co-head Viggers oversees finance matters in the aviation space; restructuring, insolvency and aircraft repossession are core areas of activity for the team, which is particularly well placed to guide clients in JOLCO deals, export credit agency backed financings and Chinese leasing structures. Lizzie Roe maintains a broad asset finance practice focused on the maritime segment; she possesses in-depth knowledge of JOLCO and JOL financing transactions. Former practice head Goh Mei Lin, one of Asia’s leading maritime and ship finance lawyers, sadly passed away in 2022.

Other key lawyers:

Andrew Nimmo; Lizzie Roe


‘WFW seems to have more in-depth knowledge of structures and commercial decisions compared to other firms.’

‘The team can be well trusted to negotiate on behalf of the client.’

‘Lizzie Roe is client-centric and takes her time to align all parties within a transaction as well as taking the lead in any process.’

Key clients

Citibank N.A.C Bank


National Australia Bank Limited

ING Bank N.V.

Standard Chartered Bank

China Aircraft Leasing Group Holdings Limited

Air France


Deutsche Bank

Credit Industriel et Commercial (CIC)

Work highlights

  • Advised Citibank and HSBC respectively on two separate ECA-backed JOLCOs (Japanese Operating Lease with Call Options) arranged for Seaspan Corporation.
  • Advised, among other creditor groups, the bondholders in relation to Virgin Atlantic Airways’ (VAA) landmark £1.2bn restructuring and recapitalisation plan which completed in early September 2020.
  • Acting for the lenders in the first ever sustainability-linked Japanese operating lease with a call option (JOLCO) financing of one A350 aircraft leased to Air France.

Bird & Bird ATMD LLP

Led by the ‘extremely knowledgeableLeo Fattorini, Bird & Bird ATMD LLP‘s APAC aviation group has a strong reputation in the asset finance space, as a result of its aptitude at handling a range of leasing, restructuring and financing transactions for many of the region’s airlines and aircraft lessors. The practice, which has recently worked on a number of deals involving passenger to freighter (P2F) aircraft, is also sought after by financial institutions based in Singapore and the wider region. Department leader Fattorini demonstrates particular expertise in portfolio deals, sales and leasebacks, as well as lessor and lessee debt finance.

Practice head(s):

Leo Fattorini


‘Bird & Bird is able to pull from all their different offices around the world and levels of practice the necessary experience and expertise from their best personnel as required to give the client the appropriate legal advice. An ability to do that quickly and seamlessly is beyond priceless in high pressured transactions.’

‘Leo Fattorini is exceptional in his attention to detail, his commercial and pragmatic approach to negotiating complex legal issues and overall timely management of the transaction. He goes over and beyond the call of duty to deliver excellent quality services and has been totally dependable in every aspect of client needs. Leo is one of the most delightful lawyers I have ever worked with and he really is our go-to person for our aviation legal advice.’

‘The Bird & Bird team, namely Leo Fattorini and Christopher Healy, are extremely knowledgeable aviation finance lawyers that I have used for many years now.’

‘Their experience, especially in the Asian market, is valuable when providing advice that is practical.’

‘They are particularly personable when engaging with you on certain deals, which makes it feel that they are going the extra mile to make sure you are comfortable with their engagement, and want to make sure they understand the deal on a whole spectrum.’

‘Leo Fattorini (partner) – years of experience, well-known and well-liked in the industry, Leo always provides the best advice for a variety of scenarios when working on deals.’

‘The team as a whole is very client and solution-oriented. Pragmatic approach across the board.’

‘The individuals I dealt with are very knowledgeable, listen and then bring suggestions and solutions. Strong in defending a position, but not digging in heels: constructive dialogue is a first. Availability is very good.’

Key clients

ST Engineering Aerospace Resources Pte. Ltd


China Aircraft Leasing Company

AirAsia Berhad

AirAsia X


Turkish Airlines

CMB Leasing Co Ltd

CCB Leasing

Air China

China Southern


SriLankan Airlines

Work highlights

  • Acted for CMB Leasing on the finance lease of two used Boeing B787s aircraft to KLM, the flag carrier airline of the Netherlands.
  • Acted for CALC on the purchase, leaseback and financing elements of five used Airbus A330 aircraft from China Airlines, financed by two secured debt facilities with separate Taiwanese banks for two and three aircraft, respectively.

K&L Gates Straits Law LLC

Able to leverage significant resources on the ground in numerous key global hubs, K&L Gates Straits Law LLC is principally focused on aircraft financings and leasing transactions. It possesses a loyal following of leading financial institutions, lessors and airlines around the world, who retain the team in operating leases, complex structured financing, and JOL/JOLCO transactions, among other matters. In light of the Covid-19 pandemic, the practice has been recently engaged in the early termination of existing leases and repositioning or conversion of aircraft which have been returned to the relevant lessor. Robert Melson is practice head.

Practice head(s):

Robert Melson


‘As I have said for many years, this is probably the best team in Singapore. Highly commercial, intellectually astute, hard-working, closing-oriented, and knowledgeable of the industry. Highly approachable. Who could ask for more?’

Key clients

SFI Aircraft Holdings X Designated Activity Company, SFV Aircraft Holdings IRE 3 Designated Activity Company (Sky Leasing)

Work highlights

  • Acted for Sky Leasing on the sale and leaseback of four A320 aircraft to Thai Air Asia.


Noted for its ‘deep and broad knowledge in all matters related to aviation financing, leasing and acquisitions‘, Milbank handles transactions throughout Southeast Asia and in the North Asian market, where it acts for the largest China-based aircraft lessor creditors. Global lessor clients, as well as carriers and airlines, continue to inform much of the deal flow, and are appreciative of the team’s ability to handle the full range of mandates, including large restructurings of financings and operating leases. While primarily focused on aviation work, lawyers have additional experience in the shipping and offshore segments. Recommended for his ‘sensible commercial ideas in respect of the aviation financing industry‘, Paul Ng oversees the aviation, space and asset finance group in Asia.

Practice head(s):

Paul Ng


‘The Milbank Singapore team has deep and broad knowledge in all matters related to aviation financing, leasing and acquisitions.’

‘Paul Ng has deep and broad experience, and is able to formulate solutions that do not just work from a legal perspective, but which are commercial and can bring a positive outcome for clients.’

‘The firm’s performance on the aviation financing work was above my expectation in terms of client service and legal knowledge. The firm provides good quality service, their lawyers have high commercial awareness in general and I find their fees very reasonable.’

‘Milbank has a very professional aviation financing team. Their expertise covers almost all related sections of aviation financing, including commercial transactions as well as litigation. They also have great cooperation with many local counsel in Asia, which assures that they could provide full services to the clients.’

‘Paul Ng has very sensible commercial ideas in respect of the aviation financing industry.’

‘They have been very professional, experienced, diligent, careful, responsive and client-oriented.’

Key clients

Singapore Airlines

Malaysian Airlines

Philippine Airlines

Korean Air Lines

Asiana Airlines

China Southern Airlines

Sri Lankan Airlines

Air Asia

ICBC Leasing

Bank of Communications Financial Leasing

Minsheng Financial Leasing

China Construction Bank Financial Leasing

China Merchant Bank Leasing

AVIC Financial Leasing


Castlelake LP

Aviator Capital

China Aircraft Leasing Group Holding Limited

True Noord


BOC Aviation

Lion Air

VietJet Air

Spring Airlines

Cebu Pacific


Government of Sri Lanka

MISC Berhad

Work highlights

  • Advising Carlyle Aviation on a US$187m novation style PDP (pre-delivery payments) financing of 20 A320 aircraft.
  • Assisting ICBC Leasing in connection with the leasing of three Boeing 737-800 aircraft to Transavia France and the restructuring of leases for four B737-800 Aircraft to Transavia France.
  • Advising Industrial and Commercial Bank of China Limited (ICBC) Leasing on the sale and leaseback to Air France of two A220-300 aircraft and two wide-bodied A350 aircraft.

Reed Smith LLP

Reed Smith LLP has already built a good standing in the asset finance market through its work for lessors and aviation sector businesses. Novel financing and leasing structures populate the team’s busy workload, which also features JOL/JOLCOs transactions. Aviation finance expert Simon Spells chairs the Singapore-based team that sits within the firm’s global offering. Jennifer Ince is a name to note at the associate level.

Practice head(s):

Simon Spells

Other key lawyers:

Jennifer Ince; Hui Ling Teo


‘We work consistently with the Reed Smith Asia team. We find the RS team to be extremely efficient in managing the transactions for their clients. Their approach and attitude really assist in driving the transactions forward and facilitating our role as local counsel.’

‘We work with Simon Spells. Simon is a pleasure to work with. He is extremely knowledgeable and professional and excels at making transactions work smoothly. He is very hands-on with respect to his transactions and is cognisant at all times of the status and outstanding points. He is very respectful of our role as local counsel and is aware of what we need in terms of instructions and updates in order to allow us to do our job well. We also work with Jennifer Ince as a senior associate who is also very professional and efficient and proficient at managing transactions well.’

‘The team is very swift in handling the matters. Their work product is also very high-quality and well-considered.’

Vedder Price

The global transportation finance group at Vedder Price works on complex asset finance transactions across the region, guiding clients – which include banks and financial institutions – throughout all steps of lessor financings, large unsecured financings, restructuring and bankruptcy work. Offering support under both English and New York law out of Singapore, the practice remains a prominent player in aviation finance, and stands out for its track record in operating lease transactions on behalf of leasing companies and airlines. Widely recommended by clients, department leader Ji Woon Kim has a wealth of experience representing the Export-Import Bank of the United States in cross-border aircraft financing and restructuring transactions with airlines and operating lessors across the globe. The ‘extremely knowledgeableBill Gibson, who is proficient in an array of financings involving a multitude of asset types, is also recommended.

Practice head(s):

Geoffrey R. Kass; Ji Woon Kim

Other key lawyers:

Bill Gibson


‘Ji is a very hands-on partner, who devotes a lot of attention to each deal personally.’

‘Team is highly professional and quick in execution. They are also very adaptable and accommodating to extremely tight deadlines. They are also very creative and commercial when proposing a consensual solution for all parties.’

‘It is a great pleasure to work with Kim Ji, the leading partner in Asia Pacific. We have closed four transactions in the past and he has demonstrated his professionalism through solid legal knowledge, strong work ethic and a commercial mindset. He always has abundant solutions to bridge the gap when going through tough negotiations. He always puts client’s best interest.’

‘I think the following features of VP make them unique and special: global presence of the firm; experienced and well-balanced lawyers; client-oriented approach.’

‘Ji Woon Kim is the main guy we choose over any other aviation legal counsel.’

‘The main partner I work with in Singapore is Kim Ji and as a partner he has a good level of involvement in deals and is always present when he is needed to help move the documentation process forward. What I like is his well balanced approach when advising us. He steps in when necessary to advise me/my team of the legal/commercial implications to better help us go about making a decision and he tries to offer solutions if negotiations stall. It has been a very positive experience working with him.’

‘Years of experience working with Vedder Price within the aviation finance industry, whereby the firm is very knowledgeable and provides detailed, practical advice on a wide variety of deals.’

‘Bill Gibson (partner) – extremely knowledgeable, well-respected and always thinks about the client first before anything. With many years of working in Europe and Asia, is always able to advise on deals with great certainty.’

Key clients


BNP Paribas


CDB Aviation

Citi Private Bank

AerDragon Aviation Leasing

Export-Import Bank of the United States


KEB Hana Bank

Korea Development Bank

M&G Investments (Singapore) Pte. Ltd.



Nordic Aviation Capital

Nord L/B

SMBC Aviation Capital

ST Engineering Aerospace Resources Pte. Ltd.


Woori Bank

Work highlights

  • Advised BNP Paribas, Singapore, on the senior secured loan facility, supported by a Balthazar aircraft nonpayment insurance product, for AVIC International Leasing subject to put option arrangements of four A321 neo aircraft on lease to UK and Austrian airlines.
  • Advised the Export-Import Bank of the United States in the US Chapter 11 bankruptcy proceeding for Avianca Holdings and the related financing restructurings in connection with the Ex-Im Bank-supported financing of two Boeing aircraft.