At Clifford Chance, New York’s Zarrar Sehgal spearheads a team of attorneys who ‘are exceptional in their depth of expertise, dedication, and ability to deliver innovative solutions in complex and challenging’ aviation matters. The practice acts for industry-leading investment entities, advising them on restructurings, aircraft portfolio management, investment vehicle structuring, and revolving credit facilities. A notable recent highlight was their advice to Deutsche Bank on the bidding process and eventual acquisition of $1.67bn of loans from another bank’s aircraft finance portfolio. Sehgal has a lot of experience with asset-backed security transactions whilst also working for banks, lendors, and lessors in various matters such as the acquisition of Castlelake Aviation by Avolon which is a deal involving $5bn worth of assets that is expected to be completed in 2025. Working alongside him, Emily Wicker has a strong pedigree in asset finance but is equipped to handle complex securitization transactions as well. John Howitt is equipped to handle the full gamut of aviation finance matters ranging from restructurings and lease transactions to portfolio purchases and credit transactions. Rounding out the New York office, the dual-qualified Benjamin Fisher has a wealth of multi-jurisdictional financial experience, particularly debt financing.
Aviation and air travel: finance in United States
Clifford Chance
Practice head(s):
Zarrar Sehgal
Other key lawyers:
Emily Wicker; Benjamin Fisher; John Howitt
Testimonials
‘The Clifford Chance restructuring practice is adept at advising both US-based and non-US-based stakeholders. Where for example there is a diverse lender syndicate comprising US, European and Asian banks, Clifford Chance is skilled at explaining the unique features of US bankruptcy law to external creditors, whilst defending the interests of US creditors to the maximum.’
‘Clifford Chance US LLP’s restructuring practice demonstrates exceptional expertise and innovation in handling complex, multi-jurisdictional financial restructurings. The team’s ability to seamlessly integrate diverse legal systems and manage intricate projects was evident in their work on the Cineworld restructuring. They successfully coordinated with counsel across multiple jurisdictions, ensuring that all aspects of the restructuring were addressed efficiently and effectively.
‘Their meticulous attention to detail was apparent in their thorough review of a vast array of documents, contracts, records, and register extracts to validate and perfect liens securing the financial facility across jurisdictions. The team showcased an exceptional ability to navigate substantial volumes of data under tight deadlines, ensuring optimal outcomes for the client.’
Key clients
TrueNoord
VistaJet Group
Airborne Capital
BBAM Aircraft Leasing & Management
MUFG
CDPQ
Avolon
Global Jet Capital
Carlyle Aviation
AerCap
Work highlights
- Advised Deutsche Bank AG on the acquisition of c.€1.67 billion of loans from the aircraft financing portfolio of Norddeutsche Landesbank (NORD/LB). The loans were to a diverse range of lessors and airlines and secured by commercial passenger aircraft and engines.
- Advised CDPQ on the establishment of a new US$1.5 billion aircraft investment vehicle. CDPQ will be the majority equity investor and SMBC Aviation Capital will hold a minority equity investment and act as servicer to the platform.
- Advised Avolon, a leading global aviation finance company, on its agreement to acquire Castlelake Aviation Limited, an entity managed by global alternative investment manager Castlelake L.P. The transaction is expected to complete in the first quarter of 2025.
Holland & Knight LLP
Holland & Knight LLP ‘has one of the most reputable, dedicated aviation practices with a deep bench covering trading, leasing, finance, insurance, regulatory and restructuring’, led by Phillip L. Durham out of Chicago and New York. The team boasts a diverse client base, serving international banks, aviation corporations, and investment funds with any and all matters relating to the sector. Durham has strong credentials in leasing and acquisition work and directly advises some of the industry’s largest investors such as Nordic Aviation, AerCap, and BBAM Aircraft Management. Nathan Leavitt works out of the San Francisco office and is considered an authority in the Latin American aviation market, with a wealth of experience with bankruptcy proceedings, insurance matters, and aircraft leasing. In New York, Richard Furey is a dual-qualified attorney with considerable asset finance expertise and is heavily involved in a lot of the team’s portfolio financing work whilst John Pritchard is a widely respected figure in aviation, who acts for a variety of stakeholders in complex securitization transactions. Rounding out the New York office, Danielle Santucci focuses on complex leasing transactions and is particularly well-known in the Latin American market. Asset finance specialist Audrey Sung bolsters the firm West Coast presence alongside Brian Daigle who excels at arranging lending transactions for airlines and funds. In Dallas, Cynthia Liu excels at commercial aircraft finance and is able to advise clients on compliance with international trade regulations.
Practice head(s):
Phillip L. Durham
Other key lawyers:
Audrey Sung; Cynthia Lung; John Pritchard; Brian Daigle;Richard Furey; Nathan Leavitt; Danielle Santucci
Testimonials
‘Holland & Knight has one of the most reputable, dedicated aviation practices with a deep bench covering trading, leasing, finance, insurance, regulatory, and restructuring. We have used their teams in the US and in London to assist on aircraft trading, insurance settlement, and restructuring matters and have been extremely pleased with the resources they have made available to us and the quality of their advice.’
‘Phil Durham in New York is the leader of the practice and has been working with us on several aircraft trading assignments. The work product is consistently excellent.’
‘H&K’s aviation finance team is truly outstanding. They possess an exceptional understanding of the aviation market and financing structures, combined with top-tier legal expertise. The team is highly dedicated, efficient, and polished, ensuring that every matter is handled with precision and delivered in a smooth and seamless manner.
Key clients
Avolon Aerospace Leasing Limited
BBAM Aircraft Management LP
AerCap Holdings N.V.
SMBC Aviation Capital Limited
Aircastle Limited
Nordic Aviation Capital
Muzinich & Co. Limited
BOC Aviation
Perseus Aviation
Investec Bank Plc
Carlyle Aviation Partners
Airborne Capital
Work highlights
- Represented nearly twenty lessors in GOL’s US$4 billion Chapter 11 bankruptcy proceeding.
- Represented numerous lessors in Azul’s US$1.9 billion out-of-court restructuring.
- Represented BBAM in connection with the US$556 million Horizon 2024-1 ABS transaction.
Vedder Price
The ‘commercially minded’ aviation finance team at Vedder Price is adept at handling Chapter 11 bankruptcy proceedings, portfolio acquisition, and structured finance, led by Chicago’s Geoffrey Kass. The clientbase is diverse, the team assists airlines, manufacturers, banks, and investment funds in domestic and multi-jurisdictional matters. It regularly advises Air Canada, Citibank, and Aerocapital Solutions on their aviation finance endeavors. Kass is well known in the market for his aptitude in financial structuring and securities offerings in both the public and private sectors. In New York ‘the practical and experienced’ Jeffery Veber is hailed as an ‘excellent attorney’ for his work in joint ventures, leveraged leasings, and asset acquisition. Working alongside him Cameron A. Gee has a multifaceted practice, equipped with the skills to work on warehouse financings, leveraged leases, and EETCs. In Los Angeles, Raviv Surpin is a talented negotiator who notably represented Sky Leasing in a revolving warehouse credit facility with a syndicate that included Deutsche Bank. Rising partner Justine Chivers excels in portfolio financing, working for lessors and aviation corporations alike. Other key lawyers include; Adam Beringer, Michael E. Draz, and Mark Ditto who all work out of Chicago.
Practice head(s):
Geoffrey R. Kass
Other key lawyers:
Adam Beringer; Mark Ditto; Michael Draz; Jeffery Veber; Raviv Surpin; Cameron Gee; Justine Chivers
Testimonials
‘Attentive, ability to describe complex legal situations, focus on getting the deal done’
‘The Vedder Price Global Transportation Finance team is regarded as one of the top aviation finance and leasing groups in the world. They are highly experienced in all aspects of aircraft finance.’
‘Jeff Veber is an outstanding attorney who is practical and experienced.’
Key clients
Aero Capital Solutions
Air Canada
Azorra
BBAM Aircraft Management
Castlelake, L.P.
Citibank, N.A.
Export-Import Bank of the United States
ITE Management
Macquarie Bank
Strategic Value Partners LLP
Work highlights
- Represented Macquarie AirFinance in the $3.2 billion acquisition and financing of 75 aircraft from ALAFCO Aviation Lease and Finance Company K.S.C.P. (as amended, restated and upsized from the initial purchase of 50+ aircraft).
- Represented Air Canada in a $2.15 billion revolving credit facility and a term loan B credit facility secured by slots, gates and routes and provided by a syndicate of banks led by JPMorgan Chase
- Represented Voyager Aviation as lead M&A and aircraft counsel in the $900 million sale of its aircraft portfolio as part of a Chapter 11 restructuring process, addressing issues related to 747-8F aircraft located in Russia and participation in those insurance claims and acting as bankruptcy counsel for Russian aircraft.
Hughes Hubbard & Reed LLP
Hughes Hubbard & Reed LLP has a diverse clientbase in the aviation finance sector, working with international airlines such as Lufthansa alongside investment funds and capital management companies. The team which is led by Washington DC’s Steven Chung regularly advises on deal financing, portfolio acquisition, and revolving bridge facilities. It does a lot of work with Griffin Global Asset Management in various lease transactions, engine purchases, and the offerings of unsecured notes. Chung works for a variety of stakeholders in stateside and multijurisdictional matters and is experienced at working with joint venture transactions, aircraft financings, and portfolio securitizations. In Miami, Mark Denham focuses on international transactions, acting for purchasers and lenders alike. Out of the D.C. office, Andrew Fowler excels in structured financings whilst Thomas Healey is an award-winning finance specialist who is adept at handling Chapter 11 bankruptcies. In New York, Terry Sanders rounds out the team with a wealth of banking experience.
Practice head(s):
Steven Chung
Other key lawyers:
Andrew Fowler; Terry Sanders; Mark Denham; Thomas Healey
Key clients
Lufthansa
Griffin Global Asset Management LLC
United Airlines
Republic Airways
HPS Investment Partners
Arajet
Hudson Structured Capital Management
Work highlights
- Represented Holdings Lender, LLC and Bain Capital Griffin LO Holdco III, L.P. on a recent pre-delivery payment back-leverage financing – in which a project sponsor or developer finances all or some of its equity contribution with third-party loans – for nine JetSMART and three Viva Air aircraft.
- Represented the arrangers, lenders and agents, which included Citibank, N.A., and Goldman Sachs USA, as joint mandated lead arrangers, structuring agents, and joint book-runners, for a $2 billion senior secured credit facility to Setanta Aircraft Leasing DAC, a special purpose borrower of the AerCap Holdings Group, which closed on Nov. 5. BofASecurities, Inc., Deutsche Bank Securities Inc., Morgan Stanley Senior Funding, Inc. and RBC Capital Markets acted as joint lead arrangers for the Facility.
King & Spalding LLP
King & Spalding LLP focuses on both international and domestic transactions in the aviation finance sector, representing airlines, unmanned aviation corporations, and financial entities in a variety of matters. The practice is spearheaded by Carolyn Alford in Atlanta and Todd Holeman in New York, with the team adept at handling Chapter 11 bankruptcy proceedings, aquisitional matters, transaction financing, and the leasing of aircraft. Charlotte’s Christopher Buchanan represents a variety of stakeholders in his practice but is renowned for his knowledge of the payroll support program, which has become legislatively significant in recent years. Aside from this, he frequently advises on the acquisition of Part 135 operators and Part 145 MROs. In Washington DC, Stephen Basking has a strong track record in the intellectual property space and the practice is strengthened further by Arthur Steinberg in New York, who predominantly works on restructuring cases. DC-based Brett Seifarth has a broad skillset, contributing to asset back securitizations, the leasing of aircraft equipment, and the drafting of charter agreements.
Practice head(s):
Carolyn Z. Alford; Todd Holleman
Other key lawyers:
Christopher Buchanan; Stephen Basking; Brett Seinfarth; Arthur Steinberg
Key clients
Ad Hoc Bondholder group of Spirit Airlines bonds.
Blackstone Alternative Credit Advisors LP
Blackstone Credit & Insurance
Drone Racing League, Inc
Embraer Executive Aircraft, Inc.
G2 Secure Staff L.L.C.
iAero Airways
Les Enterprises Barrette Ltée
OCP Credit Asia
TransMedics Group, Inc.
Unifi (DAL Global Services LLC
Work highlights
- Represented TransMedics in its conversion from being an aircraft charter customer to acquiring and operating Part 135 licensed operators.
- Represented iAero Airways, the largest charter airline in the US, along with several of its affiliates including iAero Thrust, iAero’s engine maintenance, repair and overhaul business, and iAero Tech, iAero’s airframe MRO business, through bankruptcy proceedings in the United States Bankruptcy Court for the Southern District of Florida.
- Represented Drone Racing League, Inc. in its $250 million acquisition by Infinite Reality, Inc., a creator of AI-powered immersive experiences and an active player in the esports space.
Norton Rose Fulbright
Norton Rose Fulbright is particularly active in financial matters related to the aviation sector, boasting investment firms, banks, and international airlines as clients. The team works on transactions on both the buyer’s and seller’s side, showing particular proficiency in sale and leaseback transactions, loan portfolios, and revolving credit facilities. It has a large presence in the Latin American and Scandinavian markets, having represented their major carriers in various matters, most notably in a Chapter 11 case involving Scandinavian Airlines Systems and the subsequent restructuring. Alyssa Marie Vazquez and Fiona Henderson spearhead the practice in New York. Vazquez brings established experience in operating leases and portfolio transactions. The dual-qualified Henderson has considerable multi-jurisdictional expertise and was a key figure in the aforementioned Chapter 11 case. Ryan Apar adds valuable strength to the practice, acting for all major stakeholders in domestic and international deals.
Practice head(s):
Alyssa Marie Vazquez; Fiona Henderson
Other key lawyers:
Ryan Apar
Key clients
LATAM Airlines
Castlelake
DZ Bank AG (formerly known as DVB Bank SE)
Credit Agricole Corporate and Investment Bank
Bombardier Inc.
Scandinavian Airline System (SAS)
Willis Lease Finance Corporation
Carlyle Aviation Partners
Work highlights
- Represented SAS as special aircraft finance counsel in connection with their Chapter 11 Case.
- Advised a syndicate of lenders in connection with a credit facility secured by a pool of engine assets and guaranteed by SES, which is the largest engine portfolio financing closed in the market to date.
- Advised Willis Lease Finance Corporation in connection with their latest ABS issuance, WEST VII, involving a pool of 4 airframes and 51 engines.
Pillsbury Winthrop Shaw Pittman, LLP
BNP Paribas, Bank of America, and Atlas Air are all clients of the ‘incredibly hard-working, diligent, and detail-orientated’ team at Pillsbury Winthrop Shaw Pittman, LLP for aviation finance cases. New York’s Mark Lessard leads the team, which exhibits a particularly strong track record in portfolio financing, cross-border leasings, and engine acquisition. Lessard leads an international team, developing a strong understanding of international aviation markets, which aids his work in m&a, chapter 11 bankruptcies, and aviation financing. Recently, alongside Pat Reisinger he worked on the negotiation of a major debt financing facility for Azorra Aviation Holdings, later assisting them with their first capital markets transaction. Reisinger also brings skill in work involving bonds and cargo aircraft leasing. The New York office is further strengthened by Melissa Jones-Prus who is active in the private equity space, leading major structured financing cases for the team. In Los Angeles, Richard Evans leverages his ability to practice in both California and England whilst advising on key multi-jurisdictional deals involving aviation regulation, portfolio financing, and asset-backed securitizations.
Practice head(s):
Mark Lessard
Other key lawyers:
Pat Reisinger; Richard Evans; Melissa Jones-Prus
Testimonials
‘Cohesive working groups of competent attorneys who like working together, provide excellent service and are able to sort through and focus on issues important to the client.’
‘Melissa Jones-Prus and her team are highly capable and knowledgeable in all aspects of aviation finance. Melissa has a strong grasp of the industry, experience working with key players in the space, which lends credibility to her practice and also facilitates document negotiation Melissa approaches her practice with a collaborative spirit, which I greatly appreciate and we see her as a partner in building our aviation strategy. ’
‘Overall industry knowledge and ability to service clients through the deep roster of experienced attorneys. ’
Key clients
Azorra Aviation
Bank of America
Blade Engine Securitization
Crestone Air Partners
Atlas Air, Inc.
Blue Owl Capital (previously Atalaya Capital Management)
Jackson Square Aviation
BNP Paribas
GA Telesis
Natixis
Work highlights
Watson Farley & Williams (New York) LLP
The global aviation sector practice at Watson Farley & Williams (New York) LLP, manages an international team serving clients who have a significant market share in the industry. It works with major banks, trusts, and international corporations on the full gamut of the sector, ranging from share acquisition and transaction financing to Chapter 11 bankruptcy proceedings and advice on the economic consequences of the Russia-Ukraine war. Susanne Burstein leverages a broad skill set, working with lessors, borrowers, and investors in complex financings and securitization transactions. Bernstein works alongside Philip Jackmauh in New York, who focuses on structuring and completing lucrative aircraft portfolio acquisitions, warehouse facilities, and term loans. Recently he advised Major League Soccer on an air transportation charter agreement with Sun Country Airlines. In London, Dominic Pearson is qualified to practice in both New York and California, working for banks, underwriters, and airlines in a variety of deals, including advising the Aviation Working Group on the Global Aircraft Trading System. Julia Sim and Celinda Metro add additional strength to the team.
Other key lawyers:
Julia Sim; Celinda Metro; Dominic Pearson; Susanne Burstein; Phillip Jackumah
Testimonials
‘Phil Jackmauh in New York possesses decades of in-house experience in aircraft leasing companies, both in the US and in Ireland, which he is able to bring to bear on trading, leasing and financing matters. Phil assisted us on a contentious matter and we found him to be commercially minded and practical.’
‘Susanne Burstein is another experienced partner in New York with whom we have worked over the years.’
Key clients
Investec Bank
Airbus Bank
Astatine Investment Partners
Carlyle Aviation Partners
Wilmington Trust
Aviation Working Group
CAVIC Aviation Leasing (Ireland) Co
ORIX Aviation Systems Limited
Major League Soccer, LLC
Falko
Work highlights
- Advising Apollo Global Management (“Apollo”) as special aviation counsel on its bid, together with co-investors, to acquire a majority equity stake in the airline Scandinavian Airlines (“SAS”) in the airline’s exit from its ongoing New York Chapter 11 restructuring. The deal would have seen Apollo become a major shareholder alongside, among others, the Danish state.
- Advised Crédit Agricole Corporate & Investment Bank (“CA-CIB”) on the JOLCO acquisition financing of one Boeing 777F freighter aircraft for Atlas Air Inc. (“Atlas Air”), the first post-pandemic JOLCO financing for a major US air carrier.
- Advising the AWG as their primary international advisors on all of their principal projects including, on all Cape Town Convention matters, a project aimed at reducing transactional risk in non-CTC states, the development of the Best Practices Manual for the aviation industry, examination of lien/detention rights for aircraft globally, Russia matters, the development of the AWG carbon calculator and leading on a number of important sub-groups, including insolvency and disputes.
Baker Botts L.L.P.
Baker Botts L.L.P. is home to an experienced corporate aviation department, led by Samantha Crispin and Luke Weedon in Dallas, Natasha Khan in Houston, and Johnathan Goldstein in New York. Goldstein is a reference in the aviation finance sector. He regularly acts for both sponsors and lendors on offerings for enhanced equipment trust certificates, syndications, and warehouse facilities.The practice has considerable multijurisdictional experience. The practice also advises international corporations such as British Petroleum, Walkers LLP, and Petrus Aviation on a host of corporate matters, ranging from portfolio acquisition and credit facility management to securitization transactions and loan facilities.
Practice head(s):
Samantha Crispin; Luke Weedon; Natasha Khan; Johnathan Goldstein
Work highlights
Debevoise & Plimpton LLP
Brian Liu and Paul Brusiloff lead the New York-based aviation group at Debevoise & Plimpton LLP, representing international and domestic airlines on financial matters involving enhanced equipment trust certificates, frequent flyer loyalty programs, and joint ventures. Brusiloff focuses predominantly on borrowers and investors, helping them with equity financing and complex restructurings. Liu’s practice covers a wide variety of transactional matters ranging from equipment leasing and syndicated credit facilities to warehouse facilities and aircraft acquisition. Iryna Nikolaieva is a rising star in the practice, experienced at managing domestic and cross-border transactions. Key clients include American Airlines, Hawaiian Airlines, and Phillippine Airlines. The team regularly acts in portfolio transactions, the structuring of revolving credit facilities, and mortgaging financing.
Practice head(s):
Brian E. Liu;Paul D. Brusiloff
Other key lawyers:
Irina Nikolaieva
Key clients
AAR Corp.
Alaska Airlines
American Airlines
JetBlue Airways
Spirit Airlines
Philippine Airlines
Hawaiian Airlines
Work highlights
- Advised Hawaiian in the exchange offer for the company’s outstanding senior notes secured by the company’s loyalty program and brand intellectual property assets.
- Represented Alaska Airlines in a term loan and senior notes offering secured by the company’s loyalty program assets.
- Represented Spirit Airlines in its Chapter 11 proceeding.
Gibson, Dunn & Crutcher LLP
Gibson, Dunn & Crutcher LLP‘s transportation and space practice is run jointly led by Madalyn Miller and David Wilf in New York, representing leading aerospace corporations, banks, and airlines in complex aviation finance transactions. The practice excels at handling engine maintenance and acquisition matters. The practice regularly contributes to international deals for Deutsche Bank and the Bank of America and has recently worked on some enhanced equipment trust certificates for AIP Capital worth $242m. Miller is an asset finance specialist, with a strong record in both secured and unsecured lending transactions. Washinton DC’s Melissa Kopit and New York’s Tom Caruso strengthen the practice.
Practice head(s):
Madalyn M. Miller; David Wilf
Other key lawyers:
Melissa Kopit; Tom Caruso
Key clients
AIP Capital LLC
FTAI Aviation LLC
Altavair
Bank of America
Castlelake
KKR
Deutsche Bank
One Sky Flight, LLC
Stonebriar Commercial Finance
Wings Capital Limited
AE Industrial Partners
Aviation Capital Group Yes
Work highlights
- Representing Deutsche Bank and Goldman Sachs (as managers and initial lenders) on an aircraft portfolio financing for Castlelake, with a value of up to $1.327 billion. |
- Represented FTAI Aviation on a sale and leaseback transaction for in excess of 30 aircraft with LATAM Airlines Group that includes bespoke engine maintenance provisions.
- Represented AIP Capital, as issuer’s counsel, in connection with its $242 million enhanced equipment trust certificate (EETC) financing.
Husch Blackwell LLP
Husch Blackwell LLP is notable active for American Airlines on various aircraft purchase agreements, engine leases, and portfolio acquisitions. ‘This practice combines deep industry expertise with a client-centered, innovative approach’ which is led by David Agee out of Springfield. It also works on marketing services agreements, passenger loyalty programs, and high-value cross-border aviation transactions. Agee utilizes his background in corporate law to represent all key stakeholders in large acquisition and financing matters. Washington DC’s Lana Yaghi ‘demonstrates excellent business acumen’ in her practice, applying regulatory knowledge that influences aircraft ownership and operations. Springfield-based Michael Cosby focuses on commercial aviation and is equipped to ensure that clients remain FAA and IRC-compliant throughout aircraft sales and leasing. Chatanooga’s Katie Giannasi, Springfield’s Lauren Hawkins, and Amanda Tummons alongside Denver’s Chris Sundberg round out the practice.
Practice head(s):
David Agee
Other key lawyers:
Lana Yaghi; Katie Giannasi; Lauren Hawkins;Amanda Tummons;Chris Sundberg
Testimonials
‘My interactions have only been Aviation related but Overall, this practice combines deep industry expertise with a client-centered, innovative approach, distinguishing it from others in the field. Clients can rely on the team not just for legal guidance but also for strategic support that aligns with their business ambitions’
‘I have the pleasure of working with Miss Lana Yaghi, one of the best aviation attorneys I’ve encountered in my 20+ years in the industry. She consistently seeks ways to ensure that legal considerations don’t hinder commercial interests, which has often been crucial in preventing deal collapses. Lana is open to feedback, demonstrates excellent business accumen, and remains calm when challenges arise.’
Key clients
American Airlines
Work highlights
McGuireWoods LLP
McGuireWoods LLP is reputed for its depth of expertise in various complex aviation finance matters such as aircraft leasing, portfolio acquisition, and the modification of warehouse facilities. Out of the firm’s Charlotte office, Patricia Hosmer leads the team that frequently advises major airlines, banks, and asset management firms on the full gamut of the aviation sector. The practice possesses valuable regulatory expertise, ensuring that clients who make commercial airplane purchases comply with FAA and DOT protocols. The attorney’s expertise is not limited to aircraft matters, they frequently advise on structuring loans and financing for engines and aviation equipment. Homser represents various corporate clients on various transportation finance transactions, she excels at negotiating and drafting charter agreements. In New York, Deepak Reddy has a broad skillset, working for clients on major lease purchases from other financial institutions. San Francisco's Peter Szurley and Charlotte's David Whepley Jr round out the practice.
Practice head(s):
Patricia F. Hosmer
Other key lawyers:
Deepak Reddy; Peter Szurley; David Whepley Jr
Testimonials
‘Unique team as they provide commercial problem-solving solutions to issues that arise instead of hiding behind email chains that exaggerate the issues. Very responsive and knowledgeable.’
‘David Whelpley is one of the most experienced and knowledgeable aviation lawyers in the US. He can provide practical solutions in both financing and aviation transactions. He is very responsive and keeps calm under every situation and call. Very well able to communicate clearly and hold positions as required under legal and commercial discussions.’
Work highlights
O'Melveny
The aviation team at O'Melveny is led by Jason Kaplan out of the firm’s New York office, representing major international banks such as Citibank, Development Bank of Japan, and Dekabank in loan credit agreements, pre-delivery payment facilities and aircraft-backed securitizations. The team also advises investment funds, aviation corporations, and international companies on a number of high-value aviation transactions. Kaplan’s broad expertise covers EETCs, equipment financings, and secured notes issuances. Eric Richards is active in airport development, contributing to a number of multi-jurisdictional deals out of the firm’s Los Angeles office. Alongside him, Liz Dubeck is a finance specialist whose work in project finance and infrastructural development has significant overlap with the aviation sector. In New York, recently promoted partner Nidhi Geevarghese works for all major stakeholders, demonstrating expertise in debt financing work, syndicated loan transactions, and project finance.
Practice head(s):
Jason Kaplan
Other key lawyers:
Eric Richards; Liz Dubeck; Nidhi Geevarghese
Key clients
Ardavon
Avports LLC
Burnham Sterling
A syndicate of lenders including CaixaBank
Citibank, N.A.
Dekabank
Development Bank of Japan
Fifth Third Bank
Hyundai Motor Company
ING Bank NV
Jackson Square Aviation International U.S. Holdings, LLC
JPMorgan Chase Bank
Work highlights
- Represented UMB Bank, in multiple roles, in connection with dozens of ongoing aircraft-backed securitizations, worth over $7 billion.
- Represented Citibank, as facility agent and collateral agent, in connection with a US$ 1.4 billion term loan credit agreement with a new leasing vehicle and the acquisition of a portfolio of seventy aircraft.
- Represented Jackson Square Aviation in connection with a US$450 million facility for a major US Airline for the acquisition of 18 aircraft.
Sidley Austin LLP
Sidley Austin LLP is praised by clients for its work on aircraft leasing, acquisition, and portfolio management, spearheaded by Bart Biggers in Dallas and Houston’s Kevin Lewis. The team represents major domestic carriers such as United, West Jet, and Hawaiian Airlines, assisting with aircraft and equipment leasing, m&a deals, and joint ventures in multiple jurisdictions. Biggers is an experienced figure in this sector, having represented American Airlines for over 2 decades with the full gamut of aviation finance matters. Lewis is praised for his financing work but is also reputed for his work in emerging technologies and sustainable travel. Atman Shukla has domestic and international aviation expertise, adding further strength to the practice out of the firm’s Houston office.
Practice head(s):
Bart J. Biggers; Kevin P. Lewis
Other key lawyers:
Atman Shukla
Key clients
United Airlines (NASDAQ: UAL)
American Airlines (NASDAQ: AAL)
Hawaiian Airlines (NASDAQ: HA)
Sun Country Airlines (NASDAQ: SNCY)
Panasonic Avionics Corp.
Marathon Asset Management, LP
oneworld Management Company
WestJet Airlines Ltd.
Apollo Global Management Funds
IDEX Corporation (NYSE: IEX)
Dover Corporation (NYSE: DOV)
Work highlights
- Representing funds advised by Wafra Inc. (“Wafra”) in the acquisition of Aquila Air Capital (“Aquila”) from funds managed by Warburg Pincus LLC. Aquila is a specialty finance platform focused on providing aviation asset financing, including purchasing and leasing aircraft engines.
- Represented United Airlines (United) and American Airlines (American) in multiple aircraft transactions since 2022 involving the sale and right to purchase of over 800 aircraft. Aircraft vary from the Boeing 787 Dreamliner, Boeing 737 Max, Airbus A350, Airbus A321neo, Bombardier CRJ-550, and Embraer ERJ145.
- Represented United Airlines Ventures in connection with the formation, financial closings and operations of United Airlines Ventures Sustainable Flight FundSM (SFF).
Vinson & Elkins LLP
The growing practice at Vinson & Elkins LLP represents leading aircraft manufacturers, leasing companies, and financial institutions with the full gamut of the transactional aviation sector. The team, which is led by New York’s David Berkery and Niels Jensen, is well known in the portfolio trading market, representing Castelake in the acquisition and leasing of 16 aircraft in multiple jurisdictions, in a deal worth over $300 million. Berkery is qualified to practice in both the United States and Ireland and is seen as ‘an industry leader’ in multi-jurisdictional aviation transactions. Jensen is a ‘strong negotiator’ and is experienced at handling securitization matters and the utilization of bridge facilities in the acquisition of aircraft. ‘Rockstar associate’ Demi Hueth uses her broad skillset to handle the full range of aviation finance matters.
Practice head(s):
David Berkery;Niels Jensen
Other key lawyers:
Kim Dalrymple; Demi Hueth
Testimonials
‘Useful expertise in aviation insurance coverage issues’
‘Strong team of senior professionals who can all think commercially and work quickly without error ’
‘Niels Jensen is excellent commercially and a strong negotiator. Demi Hueth is an excellent communicator who is always available ’
Key clients
Citibank, N.A.
Castlelake Aviation Limited
EnTrust Global LLC
Volofin Capital Management
MUFG Bank, Ltd.
The Boeing Company
AIP Capital LLC
AerCap Holdings N.V
NoArena Aviation Capital
Sky Leasing
Work highlights
White & Case LLP
White & Case LLP‘s aviation finance team consists of attorneys who are ‘very knowledgeable and capable of working in collaboration on multi-jurisdictional and complex matters’, led by Miami’s Christian Hansen and Sean Goldstein. Clients include international airlines, aviation companies, and export entities as long-term clients. The firm is adept at advising on loan facilities, share acquisitions, credit facilities, and leasing. Hansen, who splits his time between Miami and Mexico City excels at cross-border transactions and has experience in working in restructurings as well as the purchase and sale of aircraft and equipment. Todd Wolynski is ‘the godfather of this practice’ who has established experience in m&a and bankruptcy proceedings, working out of the firm’s New York office. In Miami, Anna Andreeva regularly prepares enhanced equipment trust certificates for domestic and international airlines.
Practice head(s):
Sean Goldstein; Christian Hansen
Other key lawyers:
Anna Andreeva; Todd Wolynski
Testimonials
‘The W&C team provides around-the-clock counsel on my most pressing transactions. I’m confident that I can always reach a member of this team to provide commercially oriented advice when I need it the most. ’
‘Todd Wolynski is the godfather of this practice and my most trusted advisor on aviation matters when I urgently need assistance. His advice is always practical, commercially oriented, and helpful. ’
‘The team is very knowledgeable and capable of working in collaboration on multi-jurisdiction and complex matters. ’