The ‘approachable’ team at Dentons has ’extensive know-how of different financing structures’, ensuring that it remains well-placed to advise both borrowers and lenders across a broad swathe of new money and refinancing mandates in the transportation space. Clients from the aviation sector continue to generate most of the deal flow, with the four-partner London-based team being very well-placed to handle cross-border mandates by dint of its vast international network, including a rapidly growing Dublin office which has been particularly useful for leasing-related work. Stephen Temple has excellent insight in the sector, informed by his eclectic client mix which includes airlines, lenders and lessors; he continues to advise a core airline client on multiple financing and leasing transactions. Paul Holland provides ‘a commercial perspective to the points of law’ for a Middle Eastern-focused client base. James Francis is recognised as a ’fabulous asset to the team’, regularly working alongside Holland on matters for a longstanding airline client as well as for other airlines and lessors, where he brings particular expertise in export credit financings. Sarah Dyke co-heads the team alongside Temple and handles some corporate jet, helicopter and yacht financing work alongside her broader commercial aviation offering. The vastly experienced Serge Sergiou also handles some fee-earning work in his role as consultant.
Testimonials
Collated independently by Legal 500 research team.
- 'The approachable team has extensive know how of different financing structures for aircraft-backed financing.'
- 'Paul Holland is very patient and has a commercial perspective to the points of law which is appreciated from a business perspective.'
- 'Stephen Temple is highly regarded and acts for airlines, lenders and lessors in this space.'
- 'James Francis is knowledgeable and can corral various teams towards achieving a smooth closing. He is very familiar with the financing documents.'
- 'Lee McLernon was attentive to detail, quick to identify issues and proactive in offering solutions.'
Key clients
- Qatar Airways
- Emirates
- Airbus Group (including Airbus Financial Services, Airbus Helicopters Leasing Services and Airbus Helicopters, Airbus S.A.S.)
- TUI Group
- Wizz Air
- Engine Lease Finance Corporation
- Virgin Atlantic
- Avions de Transport Regional (ATR)
- LCI Aviation
- TAP Air Portugal
- Chorus Aviation
- ORIX Aviation
- Falko Regional Aircraft
- Air Nostrum
- RwandAir
- Minsheng Financial Leasing
- The Helicopter Company
- Bristow Group Inc.
- Aer Lingus
- The Eastern & Southern African Trade Development Bank
- The Air Ambulance Service
- ALD Automotive Ltd
- UK Export Finance (UKEF)
- ABN Amro Bank N.V.
Work highlights
- Advising longstanding client TUI Group on the arrangements for the setup of joint venture Fly4 Airlines and novation of the initial four aircraft and operating leases with Avolon, Air Lease Corporation and BBAM and associated arrangements.
- Advising the Libra Group in respect of the setup of its space leasing business which involved advising on the regulatory and tax treatment in the UK, Ireland and Luxembourg.
- Advising The Helicopter Company (THC) in respect of the SAR1bn Murabaha facility provided by Gulf International Bank, Saudi Arabia. The facility comprised a SAR200m working capital facility and a SAR800m facility to support the purchase of Airbus and Leonardo helicopters.
Lawyers
Practice head
The lawyer(s) leading their teams.
Sarah Dyke, Stephen Temple