Aviation finance is the cornerstone of the practice at Galindo, Arias & López, which regularly advises on the acquisition, finance and leasing of aircraft, drawing on close links with a host of international firms to handle complex, cross-border transactions. The team, which acts for an impressive roster of airlines (including Panamanian flag carrier Copa Airlines), ground-handling companies, aviation education institutions and aircraft maintenance companies, also assists with corporate, regulatory and compliance issues concerning clients’ operations in Panama, including obtaining all necessary authorisations from the Civil Aviation Authority. Practice head Cristina Lewis is widely regarded as a market leader in aviation finance deals. The capable pool of junior lawyers includes of counsel Daniel Sessa, whose practice covers financial, commercial and regulatory issues. Former associate Claudia Juárez left the firm – effective as of mid-2024.

Pardini & Asociados' ‘agile' and ‘decisive' aviation team advises on the full range of corporate, regulatory, financial and contentious matters in the sector. The firm stands out for its strength in aviation-related litigation, particularly insurance claims over damages to aircraft and cargo, but also advises on all corporate, regulatory, labour and tax issues associated with the establishment and operation of international airlines in Panama, acting for an enviable client base that includes key players such as United Airlines, Lufthansa, China Air and EuroWings Discover. At the head of the team, Juan Francisco Pardini focuses on transactional matters, while Juan José Espino takes the lead in disputes (with support from associate Adrián Rivera). Eduardo Achurra, who handles regulatory and permitting matters, is also noted.

Highlighted for its ‘high level of knowledge and practical experience in the field of aviation', Delvalle, Escalona, Levy & Corró is regularly sought out by international airlines and ground-handling and catering companies for advice on all regulatory, tax and labour issues relating to the establishment and expansion of their operations in Panama. This expertise is reflected in its impressive recent caseload, which includes advising Canadian cargo airline Cargojet Airways, Costa Rica’s Servicios Aéreos Nacionales and Spanish airline Air Europa on obtaining foreign air carrier certificates for the operation of regular flights to the country. The ‘very knowledgeable' Felipe Escalona, who was appointed as adviser to the Panama Airlines Association in 2023, leads the practice.