Leading Associates

Aviation finance in France

Norton Rose Fulbright

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.

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 VaraxThomas 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 RussellPhilippe 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.