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McMillan LLP air finance practice brochure.pdf

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									                           air finance practice
                           The aviation experts at McMillan have unsurpassed experience in all aspects of aircraft
                           and airline ownership, finance, operation and regulatory matters.

                           We have particular expertise in relation to commercial and private aircraft and engine
                           finance matters, acting for equipment manufacturers, financial institutions, aircraft
                           lessors, engine lessors, investors and aircraft operators. Our expertise in aircraft finance
                           is levered by our finance group’s recognized standing as one of Canada’s leading
                           commercial finance advisors with a broad practice in both the development and
                           implementation of domestic and cross-border leasing, project financing and balance
                           sheet enhancement products. As well, our top-rated bankruptcy and insolvency group
                           can provide essential advice in those situations where transactions have come under
                           stress.

                           We also have expertise in aviation and airline regulatory matters in both the
                           commercial aviation and corporate ownership contexts and in airport and navigational
                           service charge disputes.


                           representative air finance matters
                                 commercial aircraft
                                    •   Counsel to various aircraft financiers and lessors in connection with the sale,
                                        financing, leasing and subleasing of a large number of commercial aircraft
                                        of all aircraft types to a wide cross section of Canadian passenger and air
                                        cargo operators. Representative transactions are described in the attached
                                        “tombstone” list.

                                 corporate aircraft
                                    •   Counsel in connection with the acquisition and financing of various corporate
                                        jet aircraft and the negotiation of management and services agreements
                                        relating to them.

                                 Air Canada restructuring
                                    •   Counsel to Bank of Nova Scotia, Royal Bank of Canada, Equis Financial Group
                                        and various other lessors and lenders in connection with the restructuring of
                                        approximately 20% of Air Canada’s fleet.

                                 InterCanadien bankruptcy
                                    •   Counsel to aircraft lessors and financiers in connection with the bankruptcy
                                        of this major regional carrier, including a dispute heard in the Supreme Court
                                        of Canada with Nav Canada and various airport authorities over the extent of
                                        their rights to seize and detain aircraft.




McMillan   LLP   | mcmillan.ca
    CSAE
           •      Corporate and litigation counsel involving the repossession and repatriation of aircraft servicing West Africa.

    Canada 3000 bankruptcy
           •      Counsel to the trustee in bankruptcy in connection with the bankruptcy and liquidation of Canada’s second
                  largest airline at the time.

    Raytheon Aircraft/Hawker Beechcraft
           •      Canadian counsel to Raytheon/Hawker Beechcraft with regard to sales, operating leases and financings
                  of Beech aircraft to various Canadian operators as well as with regard to work-outs and restructuring of
                  existing transactions.

    Avions de Transport Regional
           •      Counsel to ATR in connection with sales, operating leases and financings of ATR-42 and ATR-72 aircraft into
                  Canada.

    Canadian Military Flight Training Project
           •      Counsel to the successful bidder in a federal government procurement program for Contracted Flying
                  Training and Services (outsourced primary training program for Canadian military pilots).

    Top Aces Consulting Inc.
           •      Aviation counsel to the provider of Contracted Airborne Training Services (outsourced combat training
                  program for Canadian military pilots).

    Quebécair Express
           •      Acted for creditors in possession of aircraft of a bankrupt local regional airline (Québecair Express) in taking
                  possession of aircraft where various airports across the country were asserting statutory liens on the aircraft.




For more information, contact any of the lawyers listed below:

Calgary                Michael S. Janke                         403.531.4726    michael.janke@mcmillan.ca
Toronto                Stephen C.E. Rigby                       416.865.7793    stephen.rigby@mcmillan.ca
Montréal               Judie K. Jokinen                         514.987.5026    judie.jokinen@mcmillan.ca



McMillan   LLP   | Calgary | Toronto | Montréal | mcmillan.ca                                                                 0210
aviation group representative air finance transactions


 commercial aircraft


                  One A320                     Four A310                       One B767-300ER
     restructuring of German          synthetic lease to Air Transat      financial restructuring and
  Leveraged Lease and sale of Air                                          sale of Air Canada aircraft
          Canada aircraft
                                       McMillan acted for Bank of
                                     America in connection with the           McMillan acted for
         McMillan acted for           synthetic lease of four aircraft       Royal Bank of Canada
       Royal Bank of Canada




            One B767-300ER                     Four A320                           Two A320
     restructuring of Co-Lessor      restructuring of LILO finance          restructuring of Japanese
      structure and sale/VTB                   structure                 Leveraged Lease and sale of Air
  financing of Air Canada aircraft                                               Canada aircraft

                                            McMillan acted for
         McMillan acted for               the lending syndicate              McMillan acted for senior
       Royal Bank of Canada                                               lenders and owners of aircraft




   Two deHavilland DHC-8-402         Four deHavilland DHC-8-301                    B727-2Q6
       refinancing of Aircraft       purchase of aircraft leased to           lease to cargo carrier
                                               Jazz Air

    McMillan acted as counsel to                                         McMillan acted as counsel to a
         Bank of Scotland             McMillan acted as counsel to       major lease finance provider as
                                           Bank of Scotland                           lessor




           Six B727 Freighters                  Two B757                           One A320
                 finance lease           sublease to Skyservice               purchase of Aircraft


    McMillan acted for Kelowna        McMillan acted as Canadian           McMillan acted as Canadian
     Flightcraft as lessee and          counsel to head lessor              counsel for Transamerica
     Purolator freight shipper                                              Aviation as the purchaser




McMillan   LLP   | mcmillan.ca
                                                                                                           1
aviation group representative air finance transactions


commercial aircraft


                 Two CRJ 100                         CFM 565                          One Dash 8
           sale to Bombardier               Engine Support Agreement         purchase of Aircraft leased to
                                                                             Jazz Air affiliate of Air Canada

    McMillan acted as counsel to           McMillan acted as counsel to
   consortium of French financial           Shannon Engine Support            McMillan acted as counsel to a
            institutions                                                      major equipment financier as
                                                                                        acquirer




   Three deHavilland DHC-8-301                  Eurocopter EC120B             Nine Beechcraft 1900C and
   purchase of aircraft leased to               lease of helicopter                    1900D
             Jazz Air                                                                 restructuring

                                             McMillan acted as counsel
   McMillan acted as counsel to a            to purchaser and lessor of        McMillan acted as counsel
   major lease finance provider as                   helicopter                to Raytheon Aircraft Credit
             purchaser                                                                Corporation




  Various Beechcraft C99, 1900C,                    One A320                        Four Convair 580
       1900D and King Airs                operating lease from ILFC with       operating leases to Canair
   conditional sale financings and                ECA financing                       Cargo Ltd.
                leases

                                          McMillan acted as lessee counsel   McMillan acted as lessee counsel
     McMillan acted as counsel to             to Sunquest Vacations          to a start-up air cargo operator
  Raytheon Aircraft Credit Corporation




                   Six B727                         Two A320                           Two B757
   finance lease from Royal Bank           German tax lease financing                 finance lease
             of Canada

                                           McMillan acted as counsel to      McMillan acted as lessee counsel
      McMillan acted as counsel to          Royal Bank of Canada and           for Odyssey International
  Kelowna Flightcraft in respect of the         Bank of Montreal
    establishment of Greyhound Air




McMillan   LLP   | mcmillan.ca
                                                                                                                2
aviation group representative air finance transactions


 commercial aircraft


                 One ATR 42                         Two ATR 72                       Three DC10-30
   wet lease to a German airline           cross-border leveraged lease         purchase from Canadian
                                                    financing                           Airlines

    McMillan acted as counsel to
    Canadian Airlines in a cross-          McMillan acted for a Barbados      McMillan acted as counsel to
         border wet lease                   affiliate of Newcourt Credit      Potomac Capital Investment
                                                         Group                        Corporation




     ATR 42, Embraer 120 and                    Eight Jetstream 31                   Five Saab 340B
           Jetstream 31                     finance lease to Air Toronto           US leveraged lease
  purchase from manufacturers with
        acquisition financing
                                            McMillan acted as counsel to        McMillan acted as lender
     McMillan acted as purchaser’s            Royal Bank of Canada             counsel to Newcourt Credit
     counsel to Ontario Express, a                                                       Group
   regional commuter airline affiliated
         with Canadian Airlines




  corporate aircraft


            One B737 Combi                       Gulfstream G450                   Hawker 128-800A
    purchase from South African                   finance leasing             Sale-leaseback of corporate
             Operator                                                                   aircraft

                                          McMillan acted for the purchaser
   McMillan acted for Falconbridge                                           McMillan acted for Bank of America
       Ltd. in the acquisition                                                  in connection with the sale-
       of a corporate aircraft                                                 leaseback of corporate aircraft




McMillan   LLP   | mcmillan.ca
                                                                                                                  3
      aviation group representative air finance transactions


           corporate aircraft


                        Gulfstream II                             Challenger 604                     Gulfsteam II
                     aircraft acquisition                        aircraft acquisition           purchase financing for
                                                                                                    corporate jet
           McMillan acted for the purchaser                    McMillan acted for the
                                                           purchaser in connection with     McMillan acted for Nations Banc
                                                          the acquisition and ownership                 Leasing
                                                            structuring of corporate jet




           project finance


              Military Contracted Flying                        Eight Dornier GmbH
           Training and Services Project in                          Alpha Jets
                 Southport, Manitoba                         aircraft acquisitions for
                      project financing                    Contracted Airborne Training
           McMillan acted for the successful                Services (combat training)
           bidder in a federal government
            procurement program for the                  McMillan acted for the purchaser
               training of military pilots




McMillan   LLP   | Calgary | Toronto | Montréal | mcmillan.ca                                                                 0210

								
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