Aircraft & shipping finance

We advise on a wide range of asset and structured finance products, including the financing and leasing of ships and aircraft.

We have varied experience that includes syndicated loans, multiple draw down, multi-currency options, revolving credit facilities, guarantee facility agreement, pre-delivery and post-delivery financing and re-flagging fleets and vessels from various jurisdictions. We negotiate terms for the acquisition and disposal of assets. We draft loan and security documentation, and advise on dry and wet leases, bareboat and time charters. We also advise on sophisticated structures in the acquisition and leasing of corporate jets including fractional ownership schemes and the public transport issues which arise in relation to their operation.

We guide clients on tax issues, insolvency, and the role of inter-bank lending in the financing of ships and aircraft and are experienced in acting for private clients purchasing aircraft, yachts and other luxury property.

Recent work

Representative transactions include advising:

  • on and negotiation agreements for the refinancing of a €130 million luxury yacht with cross-collateralisation over two Boeing business jets
  • on the purchase of a Gulfstream G550 for an Isle of Man company with advice on UK tax structuring and registration of ownership structure for VAT purposes
  • on restructuring of Dassault Falcon aircraft from the present corporate structure to a new limited partnership arrangement with variation of flight crew arrangements
  • on aircraft contracts for high net worth individuals with all major fractional providers including NetJets, CitationAir, FlightOptions, and PlaneSense
  • on the swap of a Bombardier G5000 for an Airbus ACJ aircraft
  • on refinancing of four cruise ships
  • on pre-delivery and post-delivery finance for the acquisition of a Panamanian vessels for a German bank
  • on rescheduling of a syndicated loan secured on a swamp barge
  • on syndicated loan for the purchase of a storage tanker

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