Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 14-01-2014 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | VietJet Air Purchase of CFM 56 Aircraft Engines | Industry: | Aerospace & Defence |
| Description: |
International law firm Stephenson Harwood has advised VietJet Air, on the purchase of aircraft engines for up to 46 CFM 56 aircraft engines worth (at catalogue prices) up to USD800 million from CFM International S.A. to be installed on 20 CEO (Current Engine Options) Airbus aircraft.
The Memorandum of Understanding for the transaction was signed in Hanoi on Monday 16 December in the presence of US Secretary of State John Kerry during his visit to Vietnam.
The Stephenson Harwood Team was led by Paul Ng and assisted by James Yao.
VietJet Air is the first private airline in Vietnam to be licensed to operate domestic and international flights.
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| Financial Center: | Singapore | Value: | 500.01-1000.00 |
| Advised Party: | Lessee/Borrower | Law Firm | Stephenson Harwood |
| Leased Asset Jurisdiction | Vietnam | Lessee Jurisdiction | Vietnam |
| Classification: |
Asset Finance and Leasing Aircraft |
Lawyer | Paul Ng |
