Asset Finance

What the team is known for

Go-to practice for aviation finance matters, with additional capability on rail and shipping-related transactions. Works with global aviation clients in complex ECA-supported financings, portfolio transfers and bank financings. Shipping clients include charterers, ship owners and financial institutions, while the rail team works with government agencies, manufacturers and operators on large rolling stock and infrastructure deals. Draws support from the firm's extensive expertise in complementary areas such as tax, litigation and insolvency to provide a one-stop shop to clients.

Strengths

One client notes: "They are top-tier and have been transformative for our business."

Another adds: "They are very thorough, competent and professional. They are commercial in their approach and excellent at executing deals."

Sources say: "They are a standout in terms of the breadth of their practice."

Work highlights

Advised a consortium composed of Rockrail and Aberdeen Standard on the procurement and financing of rolling stock valued at £350 million for the West Coast Partnership Franchise.

Advised the finance parties and SACE on the financing of the lengthening, re-engining and modification of three cruise ships owned by Windstar Cruises.

Represented multiple lessors in the termination of leases and repossession of 34 aircraft and two engines from Thomas Cook and its subsidiaries following the company's insolvency.

Notable practitioners

Oliver Hipperson is noted for his capabilities in the financing, leasing and sale of aviation assets. He works with a range of clients, including lessors.
"Relationships and anticipation are his strengths."

Paul Carrington has strong skills in aviation finance work. He frequently handles financings, leasings and dispositions.
"He is extremely smart, very personable and very experienced."

Ranbir Hunjan is adept at advising on transactions in the aviation sector. He regularly works with lenders and arrangers.

William Glaister is head of the global asset finance group and has an excellent reputation in the market. He is renowned for his abilities in aviation finance matters and continues to be the first port of call for many in the industry.
"He is the go-to guy." "He is very much a solutions provider and very commercial. He is thorough, professional and detailed."