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Conyers provided Bermuda law advice in connection with the acquisition by Avolon Holdings Limited (Avolon) of the aircraft leasing business of CIT Group Inc. (NYSE: CIT) for US$10.38 billion and in connection with the related acquisition financing. The transaction completed on 4 April 2017.
Avolon is now the world’s third largest aircraft leasing company with a combined fleet, as of 31 December 2016, of 868 aircraft valued at over US$43 billion.
Jason Piney, Angela Atherden and Cathryn Minors of Conyers’ Bermuda office advised on this matter, working alongside Weil, Gotshal & Manges LLP. Wachtell, Lipton, Rosen & Katz served as legal counsel to CIT.