Deal Street

July 02, 2019

Lakshmikumaran and Sridharan (L&S) advises India’s largest passenger airline IndiGo for purchase from CFM International


Lakshmikumaran-&-Sridharan

IndiGo has entered into contract with CFM International for purchase of LEAP-1A engines. The engines will power IndiGo’s fleet of 280 Airbus A320neo and A321neo aircraft. Delivery of the first LEAP-1A-powered A320neo is scheduled in 2020. The definitive agreements include purchase of spare engines and an overhaul support agreement.

L&S advised IndiGo on various aspects related to definitive agreements between IndiGo and CFM International. The L&S team worked under the overall supervision and guidance of Mr. V. Lakshmikumaran, Managing Partner and involved Mr. N. Mathivanan, Principal Partner, Mr. Sudish Sharma, Executive Partner (Corporate Advisory) and Mr. Kapil Sharma, Partner (Indirect Tax Advisory). Other team members included Mr. Tushar Agarwal, Joint Partner (Indirect Tax Advisory) and Mr. Anantha Desikan, Senior Associate (Corporate Advisory).

In relation to the above, the L&S team worked closely with IndiGo’s inhouse teams including legal, finance and aircraft acquisition and finance teams.

Deal Size: USD 20 billion

About Lakshmikumaran & Sridharan

Founded by V. Lakshmikumaran and V. Sridharan in 1985, Lakshmikumaran & Sridharan is a full-service law firm. The firm has a strong litigation and advisory background and has over 350 professionals providing a variety of legal services to clients. In the area of litigation, the firm has handled more than 40,000 cases at all levels from the Supreme Court to tribunals. The firm’s Corporate practice has advised clients on several transactions and business restructuring. The firm is well-known for its high ethical standards, quality work and transparency in all its business dealings. L&S’s corporate clientele comprises of large business houses, multi-national corporations, banks and financial institutions including several Fortune 500 companies.

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