Clifford Chance Advised on China Aircraft Leasing's Boeing Pipeline Transfer to Dubai Aerospace Enterprise
Clifford Chance provided legal counsel to China Aircraft Leasing Group Holdings Limited (CALC) and its affiliated companies in the transaction involving the transfer of their Boeing delivery pipeline, which consists of 64 Boeing 737 MAX aircraft, to a subsidiary of Dubai Aerospace Enterprise.
This vital transaction holds strategic importance for CALC, marking a substantial refinement of its Boeing fleet portfolio. The move aims to enhance operational flexibility and align with the company's evolving long-term strategy in light of dynamic shifts within the aviation industry. Anticipated to conclude in the third quarter of 2023, the transaction underscores CALC's stature as a comprehensive aircraft solutions provider for the aviation sector. CALC is listed on the Hong Kong Stock Exchange.
The Clifford Chance team was led by Corporate partners Riaz Pirmohamed and Nicholas Rees and aviation finance partner Paul Carrington. They were supported by senior associates Lara Attarzadeh, Meldah Pilusa, Niall O'Shea, and Harriet Martin, and associates Isabella Risino and Tom Masters. Partners Nicola Hemsley and Richard Kalaher, Director Edward Page, and associate Adam Kania advised on the Tax aspects of the transaction.