Mr Richard Parsons > Stephenson Harwood > London, England > Lawyer Profile

Stephenson Harwood
1 FINSBURY CIRCUS
LONDON
EC2M 7SH
England

Work Department

Finance

Position

Richard is an aviation finance and leasing expert and particularly well known for advising banks and operating lessors. Clients value his pragmatic and commercial approach and his attention to detail. He is the firm’s global head of aviation.

Richard focuses on financing and leasing transactions in the aviation sector. He regularly advises leading banks and lessors on complex loan financing transactions, leasing transactions, aircraft acquisitions and disposals and subordinated debt transactions.

He has strong and long-standing relationships with his key clients, who all value his understanding of their business needs and his responsive and commercially astute advice.

Richard has developed particular expertise on operating lessor financings, acting for both lenders and borrowers. He has advised a leading international operating lessor on the acquisition, financing, leasing and disposal of approximately 90 aircraft over the past nine years. He has also been active on aircraft portfolio acquisitions and disposals, including advising a leading operating lessor on the disposal of a portfolio of 37 aircraft.

In addition to representing a wide range of the world’s leading aviation finance banks, Richard also advises insurance companies and investment funds on aviation finance transactions, including a number of new entrants to the market. He also advises subordinated debt providers.

Lawyer Rankings

London > Finance > Transport finance and leasing

The ‘fantastic’ team at Stephenson Harwood is appreciated for its ‘proactive and very knowledgeable’ service to a variety of clients engaged in the financing and leasing of the full scope of transportation assets. Acting on its own as well as often alongside other practitioners based across offices in key maritime centres, shipping remains the team’s main calling card, with many operators and banks regularly instructing the firm across a range of new money and refinancing mandates. The ‘approachable’ Ian Mace heads up the ship finance sub-group that also includes the vastly experienced Jonathan Ward, who excels in handling work with a Chinese nexus; the ‘solutions-oriented’ Dora Mace-Kokota; and the ‘exceptional’ Jon Cripps, who is adept at handling complex matters including those involving JOLCO structures. Although the aviation offering lacks the visibility of its more mature maritime counterpart, under the leadership of Richard Parsons the practice continues to grow its airline and lessor client base, with the ‘exceptional’ James Collins being particularly effective at nurturing new clients on the lessor side. On the rail front, both Tammy Samuel and Suzanne Tarplee have well-established ties with train operators, with broad-based transactional and regulatory expertise that also includes some finance and leasing mandates.

London > Transport > Aviation

Stephenson Harwood is a ‘beacon of aviation law expertise,’ acting for European and Asian airlines, lessors and financiers regarding the spectrum of transactions, disputes and regulatory challenges affecting the sector. Disputes lead Paul Phillips‘ ‘unparalleled experience’ is brought to bear on behalf of airlines and lessors on non-payment and aircraft recovery matters, with Richard Parsons advising a clientele of banks and operating lessors on financing transactions. Chloe Challinor and Patrick Bettle handle a broad range of aviation sector disputes, including issues around slots, leasing arrangements and regulatory matters.