In a league of its own, Norton Rose Fulbright has been dominating the French aviation finance market for decades, owing to its large and highly experienced dedicated team that combine French and UK expertise. With access to a large international network, the team assists all the main French banks active in the field as well as international banks and French and international ECAs. It runs a very busy practice, regularly advising on the setting up of complex credit tax leases and ECA-backed transactions pertaining to commercial aircrafts as well as airline engines operated by major international airlines. The team also recently worked on the rehabilitation proceedings of a major international airline. The practice is headed by the highly regarded George Paterson. Also recommended are Sébastien Allain, Alexandre Roth and Alex Wass.
Aviation finance in France
Norton Rose Fulbright
Responsables de la pratique:
George Paterson
Autres avocats clés:
Sébastien Allain; Alexandre Roth; Alex Wass
Les références
‘By far, the 1st team in the market in aircraft financing. They have great experience, ECA references, in-depth knowledge and a depth of team that allows them to carry out missions within tight deadlines and to assist on complex missions, including on aspects bordering on “commercial”. They also have local support through their worldwide offices.’
‘George Paterson is the reference in the market and one of the main international references.’
‘Always willing to go extra mile for their clients’.
Principaux clients
CACIB
Société Générale
Toronto Dominion Bank
BNP Paribas
JP Morgan
Bank of America
Citibank
UKEF
Euler Hermes
BPI France
Natixis
Export Development Canada
Crédit Industriel et Commercial
La Banque Postale
MUFG
Principaux dossiers
- Advising Natixis and Nord LB on the Itasca-supported limited recourse financing of one 330-900 aircraft for Condor.
- Advised on the French optimised lease entered into between a Natixis SPV as lessor and Virgin Atlantic as lessee.
- Advising Euler Hermes in the support of Jolco financing of three Airbus a350 aircraft to Turkish airlines.
Bird & Bird
Bird & Bird has a strong involvement assisting French and African airline companies with Air France featuring as a key and loyal client of the practice. Combining French and UK law expertise, the Paris-based team also regularly assists operating lessors, and is able to advise on a comprehensive range of issues including operating leases, financings, sale-and-leaseback. The highly experienced Laurence Hanley is at the helm of the practice, supported by Diane de Bustamante, Boubeker Moussaoui and Maria Miller.
Responsables de la pratique:
Laurence Hanley
Autres avocats clés:
Diane de Bustamante; Boubeker Moussaoui; Maria Miller
Les références
‘Flexibility, understanding, commercial acumen, expertise. They are innovative’.
‘Team specialised in aircraft financing and experts in English law’
‘Efficient and capable practice. ’
Principaux clients
Société Air France
Transavia France
Air Côte D’ivoire (Aci)
Hop !
Principaux dossiers
- Advised Société Air France in the sale and leaseback of 11 Airbus A220-300 with Japanese investors.
- Advising Société Air France on its refinancing via JOLCO and SLL, of one new Airbus A350-900.
- Advised Transavia France in the twelve years operating lease of 8 new A320-neo
Hogan Lovells (Paris) LLP
Hogan Lovells (Paris) LLP assists leading French banks on export credit agency-supported financings, acquisition financing and disposals of individual and aircraft portfolios. The team has a strong knowhow advising on French and Japanese tax-leasing transactions of commercial aircrafts operated by major French airline companies, while also advising on the financing of private jets. Alexander Premont leads the team, supported by senior associates Tam Guerout , Alexandre Salem and Stephanie Saunders .
Responsables de la pratique:
Alexander Premont
Autres avocats clés:
Tam Guerout; Alexandre Salem; Stephanie Saunders
Les références
‘Dynamic team. Alexander Prémont pays attention to the commercial component of transactions. It is also pleasant to work with the team’.
‘Very good knowledge of the market and very responsive team. They defend the interests of lenders very well.’
‘Excellent availability and knowledge of the sector. Alexander Premont’s team is particularly professional, responsive and attentive to its customers.’
Principaux clients
Crédit Agricole Corporate and Investment Bank (CACIB)
Société Générale
BRED Banque Populaire
Natixis SA
Simaero Leasing Limited and Simaero Holding SAS
Sienna Investment Managers
Deutsche Bank UK Plc
BNP Paribas SA
HSBC Private Bank (Suisse) SA
Banque CIC Nord Ouest SA
La Banque Postale SA
Air France
Air Maroc
Attijariwafa Bank
Standard Chartered Bank
The Mauritius Commercial Bank Limited
Principaux dossiers
- Advising arrangers and lenders in relation to the financing by way of a Japanese operating lease with call option of 2 Airbus A350-900 aircraft to Air France delivered in 2023 and 2024.
- Advising French financial institutions as arrangers and tax investors in the financing by way of French tax lease (LODEOM) for Air Calédonie International in the acquisition and delivery of several Airbus aircrafts.
- Advising arrangers and senior and junior lenders in an AFIC-supported loan facility for two Boeing B787-9 aircraft delivered in 2019 to French SPC and leased to Air Tahiti Nui pursuant to a French “LODEOM” tax lease.
HFW
HFW 's Pierre Frühling assists a large client base of French carriers, some international airlines and various international leasing operators with the acquisition and leasing of aircraft fleet including Airbus aircrafts. His range of expertise also extends to regulatory work. Counsel Alix d’Arjuzon provides support.
Responsables de la pratique:
Pierre Frühling
Autres avocats clés:
Alix d’Arjuzon
Principaux clients
Aeromexico
AIG
Air Corsica
Aircalin
Allianz AGCS
All Nippon Airways
Arkia Israeli Airlines
AXA XL
Azul
Blade Urban Air Mobility
Camair Cameroun Airlines
Cargo Air
Cathay Pacific
Channel Jets
CMA CGM
Corsair
Croatia Airlines
Delta Air Lines
Delvag
El Al
Global Aerospace
Goshawk (SMBC)
Hi Fly
Jung Skies Croatia
KLM Royal Dutch Airlines
Korean Air
La Réunion Aérienne
Luxaviation
Madagascar Airlines
Mont Blanc Hélicoptères / HBG Group
Latam
Saudia
Sirius Aviation Capital
Vietnam Airlines
Principaux dossiers
- Assisting Aircalin International, the airline of the French overseas territory of New Caledonia, in all the questions relating to its fleet, including Airbus A330 neo and A320 neo.
- Assisting Air Corsica in modernizing its fleet by adding 2 Airbus A320 neo and 7 new ATR 72 regional 80 seaters aircraft.
- Assisting clients in several business jets acquisitions, including Falcon 7X et Gulfstream top of the line types.
Odi-sé Avocats
Odi-sé Avocats stands out as France’s leading aviation boutique firm, combining extensive experience advising leading French banking companies as well as various airline carriers, operators, aircraft brokers and aircraft owners. The team is particularly prominent in assisting with the financing and leasing of private jets and helicopters. The team comprises practice head Matthieu de Varax, Thomas Boone and associate Charles Derollez .
Responsables de la pratique:
Matthieu de Varax
Autres avocats clés:
Thomas Boone; Charles Derollez
Les références
‘One of the best teams on the market and probably the best in Europe for its technicality, availability and responsiveness.’
‘Matthieu de Varax is an extremely competent, experienced and responsive lawyer. He is also particularly capable of leading a negotiation on behalf of his client and convincing, thanks to his experience.’
‘Excellent industry sector knowledge. Think out of the box, responsive and available.’
Principaux clients
Air Caraïbes
French Bee
Air Tahiti Nui
Nova Capital
RIVE Private Investment
LCI Aviation
HBG Hélicoptères
Crédit Agricole Leasing & Factoring
BNP Paribas
Crédit Agricole CIB
Logix Aero Ireland Limited
SAF Hélicoptères
Principaux dossiers
- Advised Air Tahiti Nui on the restructuring of the tax lease and AFIC financing of two Boeing 787-9 aircraft
- Advised SAF Hélicoptères on the sale and lease back of 6 helicopters
- Advised Nova Capital Aircraft One Designated Activity Company on the sale and lease back of 13 Thrush 710P firefighting aircraft operated in Spain
Stephenson Harwood
Stephenson Harwood has established itself as the go-to-firm for major international lessors to assist with aircraft sales as well as sale and lease back, French tax leases and novation work. The team handles a busy practice advising on the leasing of Airbus and Boeing aircrafts to major French airlines. The practice is headed by Florent Rigaud .
Responsables de la pratique:
Florent Rigaud
Principaux clients
AerCap Ireland Ltd
Air Lease Corporation
Jackson Square Aviation
Regional One
SMBC Aviation Capital Limited
Transportation Partners
AerCap Materials (formerly GECAS Asset Management)
Aviation Capital Group
Aviator Capital
Zephyrus Aviation Capital
Aero Capital Solutions
Natixis
World Star Aviation
Petrus Aviation
Stifel Aviation
Principaux dossiers
- Advised Regional One and Petrus Aviation through their joint venture PRO Holdings in connection with the French law and English aspects of the negotiation of leasing arrangements of one CRJ1000 aircraft to Celeste, a French regional start up airline.
- Advised Air Lease Corporation, the leading US-based aircraft leasing company, in connection with the French law aspects and delivery of three A350-900 aircraft to Air France.
- Advised Zephyrus on the sale of one Airbus A320-214 aircraft registered in France and on lease to Air France.
Watson Farley & Williams LLP
Watson Farley & Williams LLP assists a variety of clients spanning air carriers, export credit agencies, arrangers, lessors and banks with the acquisition, sale and financing of Airbus and Boeing aircrafts as well as engines and smaller types of aircraft including helicopters. The Paris based team combines French and UK law expertise and benefits from a prominent international platform. Practice head and asset finance expert Alexia Russell, Philippe Monfort and Hugues Hounkpati are the key names.
Responsables de la pratique:
Alexia Russell
Autres avocats clés:
Philippe Monfort; Hugues Hounkpati
Les références
‘Incomparable responsiveness and professionalism. The team is very qualified and willing.’
‘Hugues Hounkpati and Philippe Monfort master the subject perfectly.’
‘Solid work and a reasonable approach to getting a deal done.’
Principaux clients
BNP Paribas
Crédit Agricole Corporate and Investment Bank
RIVE Private Investment
Société Générale
The Korea Development Bank
Principaux dossiers
- Advising Crédit Agricole Corporate & Investment Bank and The Korea Development Bank on a first of its kind Balthazar insurance-backed, sustainability-linked JOLCO financing of one Airbus A350-900 aircraft on lease to Air France.