United States • Transport
1

Aviation and air travel: finance

Clifford Chance

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Milbank
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Vedder Price
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.
L’éditorial du Legal 500

Témoignages

Collectés indépendamment par l'équipe de recherche du Legal 500.

  • '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.

Clients clés

  • TrueNoord
  • VistaJet Group

Points forts

  • 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.