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CHAPMAN AND CUTLER LLP Leading Aircraft and Equipment



Allan Ripp 212-721-7468
Nancy Villano 312.701.2385

Leading Aircraft and Equipment Finance Attorney Lynne
Gochanour Joins Chapman and Cutler in Chicago
Gochanour’s experience in large-scale aviation deals brings further heft to Chapman’s aircraft and
equipment finance practices.

CHICAGO (December 15, 2005) – Advancing its strong presence in domestic and international aviation
finance, law firm Chapman and Cutler LLP announced that Lynne A. Gochanour has joined the firm as a
partner in its Aircraft Finance Group. She was previously a shareholder with Vedder Price in Chicago.

Ms. Gochanour represents some of the largest investors and lessors in the global market for aircraft financing.
The demand for new fleets has been expanding briskly among international carriers and air cargo companies,
especially in Asia, the Middle East, Europe and Latin America. Ms. Gochanour has structured a wide range of
complex aircraft deals, including numerous big-ticket, multi-aircraft financings.

Chapman and Cutler was active in the early development of leveraged leasing as an industry and has
continued to regularly represent institutions participating in all categories of complex leasing transactions.
The firm has helped structure domestic and foreign aircraft financings of all types, including secured and
leveraged lease financings, synthetic lease financings, lease portfolio securitizations and enhanced equipment
trust certificates.

The firm’s clients include global air cargo carriers, manufacturers and international leasing companies, as well
as leading banks, insurance companies, private equity firms, hedge funds and other aircraft industry lenders
and investors. Chapman’s aircraft finance attorneys have dealt with virtually every type of commercial
aircraft, from commuter planes to Boeing 747s.

“Our Aircraft Finance Group has been kept extraordinarily busy the past few years,” said Rick Cosgrove,
Chapman’s Chief Executive Partner. “They have been very active participants in the US Airways, United,
Delta and Northwest bankruptcies along with representing various clients on several cross-border transactions
dealing with new and existing international airlines located throughout the world. Our firm has been well
prepared to play a leading role in this important sector of the financial markets. The addition of Lynne
Gochanour, who has worked on some of the most complex and sophisticated transactions in the industry, is a
great benefit to our already strong group.”

Mr. Cosgrove called commercial jets “among the most challenging assets to finance. Besides the highly
technical engineering aspects that surround an aircraft, aircraft transactions involve an understanding of the
unique contractual components affecting these high value assets, such as return conditions and maintenance
agreements which add millions of dollars to the equation.”

“For a law firm such as ours, aircraft financing is a highly collaborative, cross-practice discipline, drawing on
a host of complementary skills – securities, tax, equipment leasing, pure finance, and often bankruptcy and
restructuring expertise, as well as international law,” Mr. Cosgrove added. “Our view is that if you can handle
a major domestic or cross-border airline deal, you can handle essentially any type of secured financing.”

In addition to her aircraft finance expertise, Ms. Gochanour also has experience in large equipment financings,
including sea vessels, rolling stock freight cars, containers and manufacturing facilities.
“Chapman presents a terrific opportunity for me to expand my practice,” she said. “In addition to its heavy
emphasis on the full spectrum of finance work, the firm has made a strong commitment to further building its
aircraft platform. Aviation finance has become a huge worldwide market and Chapman’s attorneys have a
wealth of experience representing significant players across the capital structure. As the business continues to
evolve, with so many moving parts affecting the market, I am pleased to be part of a firm with so many
complementary finance skill sets.”

Rick Klein, who heads Chapman and Cutler’s Aircraft Finance Group commented on his new partner:
“Lynne has real eminence in the aircraft financing industry. Her tremendous – and diverse – deal experience
and her outstanding relationships within the industry should be a boon to our practice.”

Amazingly, given how many aviation deals she’s done over the years, Ms. Gochanour says she has yet to
identify one of the aircraft she has helped finance, something she often tries to do when boarding a plane and
looking for registration mark. “That shows you how much product is still out there,” she says. Given the
number of new planes coming to market, she is certain to run into one of her own assets before too long.

Ms. Gochanour received her J.D. from the University of Michigan and her B.A. from Kalamazoo College.

Since its founding in 1913, Chapman and Cutler LLP has focused on finance. The firm is recognized for the
quality and sophistication of its work and its depth of experience in the areas of banking, bankruptcy and
financial litigation, corporate finance and securities, public finance and tax. To complement that focus, the
firm maintains a substantial corporate practice representing business entities in administrative and
regulatory matters, commercial litigation, divestitures, employee benefits, intellectual property, joint
ventures, and mergers and acquisitions. The firm also provides trust and estate planning services for high
net worth individuals.


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