England - London • Finance

Clifford Chance LLP

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The 'experienced, knowledgeable and commercially-oriented' team at Clifford Chance LLP has 'great knowledge across all aspects of aviation finance and leasing' , ensuring that it is well-equipped to advise the firm's eclectic client mix of lessors, banks, funds and manufacturers. Because of the firm's bench strength in London and globally, as well as its ability to leverage broader overarching capital markets, banking, tax and restructuring practice area prowess, 'there is nothing they can’t tackle', and are often first-port of call for clients seeking advice on first-of-kind and novel transactions. 'Hugely  experienced' team head Oliver Hipperson 'understands the needs of the financiers', and is regularly instructed  by funders on highly structured and tax-driven mandates, including JOLCO structures. As well as his pure asset finance prowess, which includes expertise advising on ABS transactions, Ranbir Hunjan is also regularly engaged in broader transactional work in the aviation sector, including on M&A-related leasing matters, as well as helping to establish new leasing platforms for clients. Richard Evans 'is great at explaining technical legal issues, working out an acceptable solution for both sides', ensuring that he is a popular choice for creditors and debtors across a range of financing structures, including full and limited recourse operating lease financings, and tax-driven mandates. As well as his work for lessors on recovery efforts and sanctions compliance for aircraft leased to Russian airlines, Paul Carrington also heads up the firm's rail industry group. William Glaister recently retired.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'They have a very good understanding of the JOLCO product and good knowledge of the industry and key players.'
  • 'The aviation team in London is first class - the key individuals that I work with have great knowledge across all aspects of aviation finance and leasing. 
  • 'It is an experienced, knowledgeable and commercially-oriented team.'
  • 'They have a great bench strength- large team with such huge exposure to the market that there is nothing they can’t tackle.'
  • 'Oliver Hipperson has excellent commercial understanding of how the industry works. He especially understands the needs of the financiers which makes the process working with him very efficient and he able to comment very clearly.'
  • 'The hugely experienced Oliver Hipperson has great technical skills that he manages to apply in a commercial approach that gets deals done.'
  • 'Richard Evans is great at explaining technical legal issues, working out an acceptable solution for both sides on sticky items, and always able to find out and guide on specific jurisdictional considerations.'

Key clients

  • Nordic Aviation Capital
  • Investec
  • SMBC Aviation Capital
  • Deutsche Bank
  • Avolon
  • BNP Paribas
  • Goshawk Aviation Limited
  • CDB Aviation
  • Sumitomo Mitsui Banking Corporation
  • Castlelake
  • Airborne Capital

Work highlights

  • Advised Nordic Aviation Capital, the world's largest regional aircraft lessor, on the restructuring of $6.3bn of the Company's secured and unsecured debt.
  • Advised CK Asset Holdings on the sale of AMCK Aviation’s portfolio of aircraft to an investment vehicle managed by Carlyle Aviation Partners.
  • Advised the UWC on a Balthazar-supported limited recourse financing by Natixis of 3 A220-300s to Goal/KGAL on lease to Air Baltic.

Lawyers

Next Generation Partners

Practice head

The lawyer(s) leading their teams.

Oliver Hipperson

Other key lawyers

Ranbir Hunjan, Paul Carrington, Richard Evans, Chris Hardisty