London - A team of lawyers from global law firm K&L Gates’ London and Singapore offices has advised longtime client and successful Vietnamese low-cost airline Vietjet on the order of a total of a further 150 aircraft announced during the Farnborough International Airshow 2018. Consisting of 100 737 MAX airplanes (80 737 MAX 10s and 20 737 MAX 8s) from Boeing and 50 A321neo Airbus aircraft from Airbus, the orders are valued at close to $20 billion at current list prices.
The K&L Gates team that advised VietJet on the deals, which showcase the firm’s global service capabilities in the aviation finance and leasing space, was led by London partner Philip Perrotta, supported by fellow aviation finance partners Sidanth Rajagopal in London and James Bradley in Singapore, as well as London senior associate Manuela Krach, associate Rebecca Rashid, and trainee solicitor Hannah Davies.
“This support requirement asked a lot of questions of our capability, given the significant value and complex nature of the deals, the multiple locations of the negotiations, and the extremely tight timeframe from instruction to finalization,” stated Perrotta. “We are delighted to have helped Vietjet again achieve another set of major objectives while exceeding their expectations, and the whole K&L Gates team deserves an enormous amount of credit for the quality, tenacity, and flexibility they demonstrated to a very impressed client.”
Lawyers in K&L Gates’ aircraft finance and leasing practice have extensive experience representing financial institutions and leasing companies around the globe in connection with aircraft finance and leasing (including operating and finance lease) transactions. This includes assisting and guiding clients on the structuring, documentation, and negotiation of aircraft finance transactions, including cross-border aircraft finance transactions involving multiple jurisdictions, and regularly assisting financial institutions on restructuring, workouts, and repossession matters.