Europe - Ireland

Matheson LLP

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Matheson LLP's large aviation finance and transportation group is backed by a dedicated asset finance tax team. The department has a strong track record in assisting aircraft lessors and private equity investors with establishing and expanding leasing platforms in Ireland, as well as advising banks, asset managers and financial institutions on cross-border financings involving export credit agencies (ECAs) and development finance institutions (DFIs). Other key drivers of work include handling structured finance and asset-backed securitisations (ABS) within the aviation finance arena, alongside ongoing restructuring issues arising from the Covid-19 pandemic. Rory McPhillips and Stuart Kennedy jointly head up the practice, in which Yvonne McWeeneyStephen Gardiner and Maireadh Dale are key names to note.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The Matheson team are extremely approachable and have strong knowledge of the aviation industry which makes them are great legal service provider to any client in the industry. Matheson has a large team so they have capacity to support a variety of transactions. ’

  • ‘Stuart Kennedy is extremely personable and approachable, he is always available to assist with excellent advice and pragmatic solutions.’

  • ‘The team has very strong expertise and a leading market position in Ireland in the area of asset finance and aviation, which when coupled with speed of response and service orientation makes them a pleasure to deal with. ’

  • ‘Stephen Gardiner's work style and attitude make us enjoy working with him.'

  • ‘The training and experience they have obtained and gained in working over the years in Matheson makes the team stand out over their competitors. Their philosophy is "can do". Stuart Kennedy is unsurpassed when it comes to experience and how to get the transaction done efficiently and on time. Rory McPhillips is a superb lawyer and he can explain complex legal matters in an understandable way. Yvonne McWeeney is very responsive and has a great way of dealing with clients. Stephen Gardiner is a qualified private pilot and has a technical understanding of aviation matters that is unrivalled.'

  • ‘Stuart Kennedy and Stephen Gardiner are the partners I know and have worked with most frequently. They are responsive, approachable, knowledgeable and go the extra mile for their clients and the instructing law firm. They are generous with their time and open to collaborating and opening up contacts and relationships, and spotting opportunities to work together. They demonstrate time and time again that they are leaders in their field and understand the value of long-standing relationships and the difference that can make to the experience of working with them.’

  • ‘Yvonne McWeeney - responsive, helpful and efficient. Work is accurate and works well across all parties involved in a transaction.’

  • ‘The team are very responsive and supportive to our business and generous with their knowledge and experience. We have very regular interaction with Rory McPhillips, Stuart Kennedy, Stephen Gardiner and Yvonne McWeeney all of whom are great legal partners to work with and focus on offering practical solutions.’

Key clients

  • FTAI Aviation
  • Aergo Capital Limited
  • Norwegian Air Shuttle ASA
  • CDB Aviation
  • UK Export Finance (UKEF)
  • CCB Aviation
  • Aviation Capital Group
  • AerCap
  • Castlelake, L.P.
  • LR AirFinance
  • Dubai Aerospace Enterprise (DAE)
  • PK AirFinance
  • Arctic Aviation Assets DAC
  • Jackson Square Aviation
  • Tokyo Century
  • Fortress Investment Group LLC
  • Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
  • Bank of Communications Financial Leasing Co., Ltd. (BoComm Leasing)
  • CMB Financial Leasing (CMB Aviation)
  • Azorra Aviation

Work highlights

  • Represented ALAFCO in the sale of 53 current and next-generation commercial passenger aircraft and an order for 20 Boeing 737 MAX aircraft, valued at $2.2bn, to Macquarie.
  • Acted as Irish counsel for Aquila, Royal Aero and Ashland Place on establishing an Irish joint venture platform between Aquila and Royal Aero.

Lawyers

Leading individuals

Stuart Kennedy

Stuart Kennedy

Matheson LLP

Stuart is a partner in the Finance and Capital Markets Department and advises on all aspects of aviation, shipping, rail and other asset financing, trading and leasing matters on a daily basis.  Stuart has gained considerable experience in advising on the structuring of aircraft purchase, sale, financing and leasing transactions and acts for a number of aircraft lessors, financiers and airlines in leveraged, syndicated and export credit agency backed financing facilities.  Stuart also has considerable experience in advising on structured finance, ABS (asset-backed securities) and repackaging transactions relating to all such asset classes including the establishment of special purpose companies funded by public and private issuances. Stuart also regularly advises Irish airlines and leasing companies on airline licencing and registration issues with the Irish Aviation Authority and Commission for Aviation Regulation in addition to all aspects of the Cape Town Convention and Aircraft Protocol. Stuart regularly presents to aircraft and aircraft engine lessors on all aspects of the Cape Town Convention and Aircraft Protocol and to company directors on their duties and responsibilities under Irish law. Stuart is also a lecturer and tutor on the Law Society of Ireland’s Diploma in Aviation Leasing and Finance.

Next Generation Partners

Stephen Gardiner

Stephen Gardiner

Matheson LLP

Stephen is a partner in the Finance and Capital Markets Department at Matheson. Stephen advises aircraft lessors, financiers and airlines on the trading, financing, leasing and repossession of aircraft. His practice includes the establishment of corporate structures in Ireland to facilitate the financing and leasing of various asset classes, including aviation, maritime and industrial assets. Stephen advises some of the world’s largest financial institutions and leading aviation industry participants on a variety of transactions and financing products utilising Irish corporate structures. These include joint ventures, operating leasing, orphan financings, sale and leasebacks, export credit agency supported financings, secured and unsecured lending, EETCs, JOLCOs, ABS and PDP financings, amongst others. Stephen is recognised as an experienced advisor in airline regulation and aircraft registration in Ireland, and has advised on the establishment of a major international airline in Ireland. Stephen was named as a key lawyer in transport in Ireland by Legal 500 in 2020 and as a Rising Star by Airfinance Journal in 2019. Stephen is faculty member on The Law Society of Ireland’s Certificate and Diploma courses in Aviation Leasing and Finance. He is also a licenced private pilot.

Rory McPhillips

Rory McPhillips

Matheson LLP

Rory McPhillips is a partner in the Finance and Capital Markets Department. Rory has considerable experience in advising financial institutions, equity participants, export credit agencies, commercial and investment banks, airlines, aircraft leasing companies and others in a wide range of matters over a number of years. He represents clients in the financing and leasing of aircraft, railcars, engines, simulators, trucks and industrial equipment, and routinely handles all Irish aspects of financing structures established across multiple jurisdictions with aircraft and other assets deployed globally.

Yvonne McWeeney

Yvonne McWeeney

Matheson LLP

Yvonne is a partner in the Finance and Capital Markets Department and advises on all aspects of aviation, shipping, rail and other asset financing, trading and leasing matters on a daily basis. Yvonne has gained considerable experience in advising on all aspects of the structuring of asset purchase, sale, financing and leasing transactions and acts for a number of aircraft lessors, financiers and airlines in leveraged, syndicated and export credit agency backed financing facilities. Yvonne also has considerable experience in advising on structured finance, ABS (asset-backed securities) and repackaging transactions relating to all such asset classes including the establishment of special purpose companies funded by public and private issuances. Yvonne has significant experience in advising on all aspects of the Cape Town Convention and in addition regularly provides advice on registration issues with the Irish Aviation Authority. Yvonne is also a lecturer and tutor on the Law Society of Ireland’s Certificate and Diploma courses in Aviation Leasing and Finance.

Practice head

The lawyer(s) leading their teams.

Rory McPhillips, Stuart Kennedy

Other key lawyers

Yvonne McWeeney, Stephen Gardiner, Maireadh Dale