Clifford Chance’s aviation and air financing offering advises on a broad range of leasing matters, aviation capital market transactions, and ECA financing mandates. Alongside this, the team is particularly well-regarded for its work handling acquisition financing and a range of aircraft portfolio management matters. The group frequently acts for investment banks, government entities, and operating lessors, both domestically and internationally. Practice head Zarrar Sehgal, based in New York, has extensive experience advising on the acquisitions and dispositions of leasing companies and large portfolios of aircraft assets. Emily Wicker works alongside him, where she is well placed to navigate a range of restructuring transactions and secure lending and leasing mandates. Another key member of the team is John Howitt, who specializes in domestic and multi-jurisdictional operating leases, as well as being equipped to handle domestic and Latin American debt restructurings. Likewise, Benjamin Fisher is a notable name for multi-jurisdictional mandates, including advising on a broad range of secured and unsecured debt financing and wider financing solutions.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team has very strong Aviation partners who are very experienced and knowledgeable. They also have a fairly deep bench of lawyers that can work on transactions.’

  • ‘Patrick O'Reilley is an excellent lawyer. He is great to work with. He is very responsive and commercially driven, helping us to find solutions to problems we may have.'

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Key clients

  • TrueNoord
  • VistaJet Group
  • Airborne Capital
  • BBAM Aircraft Leasing & Management
  • MUFG
  • CDPQ
  • Avolon
  • Global Jet Capital
  • Carlyle Aviation
  • AerCap
  • Goldman
  • ATLAS SP Partners
  • Deutsche Bank AG
  • DAE
  • Altavair
  • SMBC Aviation Capital Limited
  • Citibank
  • Willis Lease Finance

Work highlights

Advised Goldman Sachs,  in connection with: the issuance by AASET MT-1 "Master Trust"  serviced by Carlyle Aviation of US$518 million of Secured Notes used to purchase a portfolio of 23 aircraft; and the issuance of US$526 million of Secured Notes used to purchase a further portfolio of 23 aircraft.
Advised ATLAS SP Partners, L.P., and Deutsche Bank AG, New York Branch, as lenders on a US$2.5 billion secured asset-level debt financing warehouse facility for the Strategic Capital Initiative established by FTAI Aviation Ltd. to finance the acquisition of on-lease Boeing 737NG and Airbus A320 aircraft.
Advised Deutsche Bank on its acquisition of a substantial portion of NordLB's aviation finance loan portfolio.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Leading associates

Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Practice head

Zarrar Sehgal

Other key lawyers

Emily Wicker; John Howitt; Benjamin Fisher; Patrick O'Reilley