Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 21-10-2014 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Lion Group Purchase of CFM56-5B/7B Engines | Industry: | Aerospace & Defence |
| Description: |
Milbank, Tweed, Hadley and McCloy LLP acted as international counsel to Indonesia-based Lion Group in its USD1.2 billion purchase of 124 jet engines from aircraft engine maker CFM International. The deal included development of a multimillion-dollar maintenance facility and implementation of a long-term engine parts and repair consultancy.
Under the agreement, Lion Group purchased previously installed and spare CFM56-5B/7B engines to power 60 Airbus A320/321 CEO aircraft.
Singapore-based partner Paul Ng led the deal team advising Lion Group. Other attorneys working on the transaction included associates David Hon and Audrey Wang.
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| Financial Center: | Singapore | Value: | 1000.01-5000.00 |
| Advised Party: | Lessor/Lender | Law Firm | Milbank |
| Leased Asset Jurisdiction | Indonesia | Lessee Jurisdiction | United States |
| Classification: |
Asset Finance and Leasing Aircraft |
Lawyer | Paul Ng |
