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Conyers Advises on Four Airfinance Journal Deals of the Year

Airfinance Journal recognised four transactions in which Conyers Dill & Pearman acted as offshore counsel, as Deals of the Year for 2014, at their annual awards dinner held on 28 May 2015.

Regarded as the premier source of financing intelligence for the global aviation industry, Airfinance Journal recently issued its annual awards honouring law firms, financial advisors, lenders, investors and other key players in aviation finance.

Conyers represented a number of major participants in the industry’s largest securitizations, debt financings and private placements globally in the past year.

“We are delighted for our clients that they are being recognised by these awards. This is also a great testament to the strengths of Conyers’ global aviation team, across Bermuda, BVI and Cayman, and their expertise in working on complex cross-border matters with many of the world’s leading airlines and leasing companies” said Julie McLean, Conyers’ Global Head of the Aviation Finance team.

The Firm acted as counsel in the following Deals of the Year transactions:

Africa Deal of the Year: Ethiopian Airlines – EDC Loan for four Q400s

  • Conyers acted as BVI counsel to Export Development Canada in connection with the US$250 million purchase and lease of four dual-class Bombardier Q400 NextGen aircraft from Bombardier Aerospace to be leased ultimately to Ethiopian Airlines.

Capital Markets Deal of the Year: Aldus – US$540 million ABS

  • Conyers provided Bermuda law advice to Goldman Sachs, in connection with Aldus Aviation’s (“Aldus”) US$540 million asset backed secured Term Loans for ATLAS 2014-1 Limited and ATLAS 2014-1 LLC (together, “ATLAS”). The net proceeds of the issue will be used by ATLAS, each a newly established special purpose vehicle, to fund the acquisition of 30 Embraer aircraft from Aldus and the secondary market.

Overall Deal of the Year: AerCap – AerCap’s acquisition of ILFC

  • Conyers provided Bermuda and Cayman legal advice to AerCap Holdings N.V. in connection with its US$3 billion acquisition of International Lease Finance Corporation from American International Group, Inc.

Innovative Deal of the Year: Castlelake – US$515.6 million ABS

  • Conyers provided Bermuda law advice to Castlelake in connection with its US$515.6 million aircraft securitization, Castlelake Aircraft Securitization Trust 2014-1. The proceeds from the deal will be used to purchase a fleet of 79 aircraft and associated aircraft-owning entities that are initially leased to 26 lessees located in 17 countries.

 


Julie E. McLean
Director, Global Head of Aviation Finance Practice

Bermuda   +1 441 299 4925


Jason Piney
Director

Bermuda   +1 441 299 4993


Audrey M. Robertson
Counsel

British Virgin Islands   +1 284 852 1111


Matthew Stocker
Partner

Cayman Islands   +1 345 814 7382


Neil Henderson
Director

Bermuda   +1 441 298 7846


Niel L. Jones
Director

Bermuda   +1 441 299 4903


Jacqueline King
Associate

Bermuda   +1 441 279 5327


Victor Richards
Director

Bermuda   +1 441 299 4926


Accolades
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