ATLANTA (August 26, 2019) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce the firm served as lead legal counsel to firm client Avolon, an international aircraft leasing and management company, in its sale of a portfolio of 49 regional jet aircraft to Falko Regional Aircraft Limited (Falko), an aircraft operating leasing and asset management company focused on the regional aircraft sector. The portfolio, which includes 28 Embraer EJet and 21 Bombardier CRJ aircraft, is on lease to nine separate airlines around the world.
“Smith, Gambrell & Russell was pleased to be selected by Avolon to work on this strategic transaction and even more pleased to be able to bring it to a successful close on their behalf,” said Marc Latman, Partner in SGR’s Global Transport Practice.
The SGR legal team consisted of firm wide members of the Global Transport Practice. Included were Partner Marc Latman (New York), Partner Mark Turnbull (U.K.), Counsel Shani Fisher (Los Angeles), Associate Jeremy Schara (New York), Associate Gareth Hawes (U.K.), Senior Associate Jonathan Russell (U.K.), and Senior Associate Logan Anderson (Atlanta), along with paralegals Therese Callahan (New York) and Zara Evans (U.K.).
Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co. Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415), and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is the world’s third largest aircraft leasing business with an owned, managed and committed fleet, as of 30 June 2019, of 923 aircraft. Visit www.avolon.aero for more information.
About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s 250 attorneys provide legal counsel in more than 45 specialized practice areas, including aviation, corporate transactions, litigation, intellectual property, banking, real estate, construction, employment law, and employee benefits and executive compensation. Founded in 1893, SGR has offices in Atlanta; Austin; Jacksonville; London; Los Angeles; Miami; Munich; New York; Southampton, U.K; and Washington, D.C.