Experience

AerCap

on multiple matters including in relation to its $3.5 billion insurance claim and other recovery actions in relation to the loss of aircraft and engines in Russia

Slot Securitisations

Two leading airlines on the securitisation financing of their take-off and landing slot portfolios – including Virgin Atlantic on its partnership with US alternative asset manager Apollo for a $745 million senior secured financing of Virgin Atlantic’s portfolio of take-off and landing slots at London Heathrow

Multiple airlines

Advising multiple airlines (including Virgin Australia, Tiger Australia, Scoot, Malaysia Airlines and Philippines Airlines) on their debt financing of more than 30 narrow body aircraft, multiple JOLCO transactions for more than a dozen aircraft, operating and finance leases, numerous lessor and lessee novations and corporate debt transactions

Leading UK short-haul airlines

Leading UK short-haul airlines on over $4 billion of equity and debt raises during the pandemic, (including Jet2 on its convertible bond, institutional fundraisings and access to the UK Government's Covid facility and EasyJet on its $1.6 billion rights issue and the c. US$1.87 billion secured financing facility from a syndicate of British, European and American banks supported by an Export Development Guarantee (EDG) issued by UK Export Finance its 1.6 and 1.8 secured financing facility

Ownership and control

Several UK airlines on the ownership and control and implications of Brexit for the UK aviation industry, in particular in respect of access to traffic rights to/from and within the EU, advice on potential new corporate and regulatory structures that would enable UK airlines to retain access to EU negotiated traffic rights and the ECAA and advice in relation to lobbying the UK Government

Easyjet

Advising easyJet, the leading UK airline, on its $1.6 billion rights issue and the c. US$1.87 billion secured financing facility from a syndicate of British, European and American banks supported by an Export Development Guarantee (EDG) issued by UK Export Finance. This was the first ever secured.