William Fry offers unrivalled legal, tax and corporate administration expertise across the full breadth of the aviation and asset finance sector.
Our team advises banks, airlines, leasing companies, manufacturers, export credit agencies, funds, arrangers and lenders on a number of domestic and cross-border transportation, infrastructure, asset financings, including securitisations of aircraft lease portfolios and the establishment of aircraft leasing and joint venture companies in Ireland.
William Fry has the largest tax group of all of the Irish law firms and has the advantage of being the only Irish member of TAXAND which has a network of members in 50 different countries. This provides our clients with a unique tax service which is complimentary to the global nature of the aviation industry, our worldwide client base, and bolsters the aviation team’s position as a truly international service provider. This is unparalleled in the Irish legal and tax firms, and we are unique in this regard.
The team has acted on high profile aviation transactions such as:
Societe Generale and others on the financing and refinancing of a portfolio of nine H135 helicopters and 1 Bell 429 helicopter for IRIS Helicopter Leasing Limited.
The Korea Development Bank, KDB Asia Limited, KDB Ireland and KEB Hana Bank, in respect of the financing of a portfolio of 5 aircraft for ALAFCO.
HSBC in their role as lead arranger relating to a US$ 300,000,000 bond issuance secured by a portfolio of aircraft owned and leased by BoComm Leasing’s Irish subsidiaries.
Ping An’s Irish subsidiaries in relation to its lease and financing arrangements relating to four (4) aircraft to be placed on lease to Vietjet.
Credit Agricole as senior lender, facility agent, security trustee and arranger in respect of the refinancing of a portfolio of aircraft for the Minsheng and its subsidiaries.
International Consolidated Airlines Group (IAG) in relating to its €1.4bn takeover offer for Aer Lingus. This is the biggest ever aviation transaction relating to an Irish airline and the largest involving a European carrier in the last decade.
Goldman Sachs as lead arranger on a US$583,370,000 aircraft-backed securitisation.
DVB Bank as lender and security trustee on aircraft portfolio refinancings for Minsheng and BoCom.
Deutsche Bank as lender on an aircraft portfolio financing for CDB Leasing.
Refinancing of a portfolio of Alitalia aircraft.
KDB’s financing of the initial deliveries of CALC’s 100 aircraft order.