Hall Of Fame

Firms To Watch: Asset finance

Noted for its expertise in both transactional and regulatory matters in the aviation industry, Flynn O'Driscoll remains well known for advising lessors, with managing partner James Duggan leading the team, which includes Claire McDermott.

Asset finance in Ireland

A&L Goodbody LLP

A&L Goodbody LLP has a large and established asset finance practice that has a primary focus on aviation. Its varied client base includes a wide range of aircraft lessors, which the firm has advised on a series of sanctions issues linked to Russia’s invasion of Ukraine. Aside from lessors, the firm advises a wide range of other financial institutions, airlines and investors. Marie O’Brien is rated for establishing aircraft leasing platforms in Ireland, is head of the aviation and transport finance group, and is a recognised leader in the market alongside the immensely experienced Séamus Ó Cróinín. Maria McElhinney is gaining further recognition for cross-border matters, while Keith Mulhern is another key partner.

Praxisleiter:

Marie O’Brien


Weitere Kernanwälte:

Séamus Ó Cróinín; Maria McElhinney; Keith Mulhern


Referenzen

‘A&L Goodbody has the best asset finance practice in Ireland. They are extremely knowledgeable and are very good at problem solving.’

‘Séamus Ó Cróinín – dean of the aviation Bar in Ireland, very resourceful. Marie O’Brien – heads the aviation team, very knowledgeable. Maria McElhinney – particularly good on cross-border issues.’

‘The asset finance team at A&L Goodbody has had a fantastic reputation for many years. The depth and experience of the team is outstanding. They are consistently chosen for the most strategic and novel transactions in the aviation space (financing, corporate M&A, regulatory).’

Kernmandanten

AerGen


Aergo Capital


Aero Capital Solutions


Air Lease Corporation


Airbus


Aircastle


Air T (Crestone Air Partners)


Apollo Aviation / Merx Aviation Finance / Perseus Aviation Finance


Asahi Aviation


ASL Aviation


AVIC International Leasing Company


Carlyle Aviation Management


Castlelake


China Aircraft Leasing Company


Falko


Citibank


Clover Aircraft Leasing


Credit Agricole


Deutsche Bank


Griffin Global Asset Management


High Ridge Aviation


ICBC Financing Leasing Company


ING Capital


InterGlobe Aviation


Irish Continental Group


ITA Airways


Macquarie AirFinance


Minsheng Financial Leasing


Morgan Stanley


NCB Capital


PIMCO


PK AirFinance


Sculptor Capital Management


Sichuan Development Holding


Sky Leasing


SMBC Aviation Capital


Stellar Jay Ireland


Stellwagen Finance


Teneo Restructuring Ireland


Thunderbolt III Aircraft Lease


Virgo Investment Group / Zephyrus Aviation Capital


Voyager Aviation


Wings Capital Partners


Highlight-Mandate


  • Advised Carlyle Aviation Management Limited AASET 2024-1 on the issuance of $4228m of secured notes that will be used to purchase a portfolio of 12 aircraft, including 10 narrow-body and two wide-body aircraft.
  • Advised the Joint Liquidators (Teneo Restructuring Ireland) in respect of the liquidation of Russian state-owned aircraft and shipping leasing firms, GTLK Europe DAC and GTLK Europe Capital DAC.
  • Acted as Irish counsel to Italian flag carrier, ITA Airways, on structuring its newly established Irish special purpose company and funding a private placement bond issue to fund the acquisition of its first owned aircraft, an Airbus A330-900.

Matheson LLP

Matheson LLP has a background in domestic and cross-border financing, leasing, commercial debt, capital markets transactions  and export credit agency-supported financings. It is also rated for its experience in aviation restructurings and aviation regulatory matters. It has an outstanding client base of aircraft lessors, in particular, and has recently worked intensively in M&A transactions involving asset leasing companies. It has made a further impression in establishing aviation debt acquisition platforms, advising on the first regulated aviation fund in Ireland and the first Shariah-compliant aircraft financing structure in Ireland. Rory McPhillips and Stuart Kennedy co-head the aviation finance and transportation group, which also includes Yvonne McWeeney. Stephen Gardiner left the firm in early 2025.

Praxisleiter:

Rory McPhillips; Stuart Kennedy


Weitere Kernanwälte:

Yvonne McWeeney


Referenzen

‘Delivers a quality service on a consistent basis. Has a can do attitude.’

‘Stuart Kennedy and Rory McPhillips are proactive, calm and understand the asset finance business and are extremely efficient and knowledgeable.’

‘Extremely responsive team that understand the market and are able to lead complex transactions as well as work seamlessly alongside other teams when advising on the Irish law aspects of international asset finance transactions.’

Kernmandanten

VivaAerobus


FTAI Aviation


Aergo Capital Limited


Norwegian Air Shuttle ASA


CDB Aviation


UK Export Finance (UKEF)


CCB Aviation


Aviation Capital Group


AerCap


Castlelake


LR AirFinance


Dubai Aerospace Enterprise (DAE)


Arctic Aviation Assets


PK AirFinance


Jackson Square Aviation


Tokyo Century


Fortress Investment Group


Banco Nacional de Desenvolvimento Econômico e Social (BNDES)


Bank of Communications Financial Leasing  (BoComm Leasing)


CMB Financial Leasing (CMB Aviation)


Azorra Aviation


Irving Oil Company


Exolum Corporation


Drogheda Port Company


Highlight-Mandate


  • Advised (on an information barrier basis using two teams) Azorra Aviation and Voyager Aviation on the purchase by Azorra Aviation of substantially all of Voyager Aviation’s transportation assets.
  • Advised CDB Leasing on its inaugural $625m sustainability linked loan.
  • Advised Azorra Aviation in connection with its $988m debt financing facility.

McCann FitzGerald LLP

McCann FitzGerald LLP has a highly-rated bench of partners, along with a sizeable team of associates. Seven partners are active in the aviation finance and leasing arena with the wider team having an extensive record in establishing aviation platforms, aviation M&A, aviation capital markets transactions (including aircraft portfolio securitisations and unsecured note issuances), syndicated financings, sale and leasebacks, and corporate reorganisations and restructurings. Sanctions, insurance and ESG matters are also core to the practice. Joe Fay, Hilary Marren and Georgina O’Riordan are established names in the market, while Ian Payne, Richard Gill and Laura Deignan are also key partners. Catherine Deane retired in February 2024.

Praxisleiter:

Laura Deignan; Colm Fanning; Joe Fay; Richard Gill; Hilary Marren; Georgina O’Riordan; Ian Payne


Weitere Kernanwälte:

Ronan Murphy; Kate Clancy; Niall Dolan


Referenzen

‘We are always delighted to use this firm for our transactions given their many years of solid expertise. It is easy to see why they have earned their excellent reputation.’

‘In particular, Georgina O’Riordan and Kate Clancy are notable for their dedication and efficiency in handling the various transactions on our behalf. This team will always guide your transactions smoothly and in the right direction from inception to closing.’

‘Fantastic team who always deliver. The attention to detail is stellar. It is partner-run with care until the finish line.’

Kernmandanten

Abelo Capital Aviation Management


AerCap Holdings


AIP Capital


Aircastle Advisor


Altavair


AV Air Finance


Avia Solutions Group


Aviation Capital Group


BBAM US and its Irish affiliates including, BBAM Aviation Services


BOC Aviation


Cavic Aviation Leasing (Ireland)


CDB Aviation Leasing


Crédit Agricole-CIB


Dynam Aviation Ireland


FGL Aircraft Ireland


FPG Amentum


Genesis Aircraft Services


GOAL German Operating Aircraft Leasing


Itochu Corporation


JLPS Ireland


Nordic Aviation Capital


ORIX Aviation Systems


Sato Aviation Ireland


Scandinavian Airline System


Sirius Aviation Capital


Sky Leasing


SMBC Aviation Capital


Standard Chartered Bank


Titan Aviation


UMBF Trust and Agency Services


Highlight-Mandate


  • Advised AerCap Holdings on four issuances of senior unsecured notes and an issuance of junior subordinated notes with an aggregate value of $7bn.
  • Acted for SMBC Aviation Capital in its litigation before the Irish courts relating to claims arising from the seizure of 34 aircraft on lease to Russian airlines following Russia’s invasion of Ukraine.
  • Acted for Standard Chartered in connection with the $3.6bn sale of the Pembroke Group’s global aviation leasing business to AviLease.

Arthur Cox

Arthur Cox‘s asset finance practice largely centres on aviation leasing and finance. The firm has a global reach with offices in Dublin, Belfast, London, New York, and San Francisco. Its asset finance team advises a range of major leasing platforms, along with a number of new entrants to the market. Ruth Lillis has made a further impression in representing clients in establishing new aviation leasing platforms in Ireland, while continuing to represent airlines, large financial institutions and alternative lenders in substantial aviation financings, including distressed transactions. Fintan Kerins is another prominent team member.

Praxisleiter:

Ruth Lillis


Weitere Kernanwälte:

Fintan Kerins


Referenzen

‘Ruth Lillis and the wider AC team always go above and beyond to assist us particularly during transaction closes and other highly time sensitive touch points. The AC team have raised the bar and we could not recommend them highly enough for their highly professional service.’

‘They are a truly outstanding team who provide us with best in class service. Their bespoke tailored service is highly appreciated and having someone at the other end of the phone who is available and capable really allows us to concentrate on our core business.’

‘Fintan Kerins is excellent to work with. Really responsive, understands the issues and on hand to provide everything we need.’

Highlight-Mandate


  • Advised AviLease on the acquisition and financing of Standard Chartered’s Irish situated aircraft leasing business for $3.6bn.
  • Advised Amergin Aviation on the establishment of its Irish aviation platform, the purchase of a portfolio of aircraft from Blackstone backed Valkyrie Aviation and a subsequent significant refinance of the platform with Deutsche Bank.
  • Advised Aviator Capital on a financing with Deutsche Bank secured on a portfolio of sixteen aircraft.

Maples Group

Maples Group‘s aviation finance work is closely associated with its expertise in asset-backed securitisations and CLOs, along with the establishment of aviation platforms and private equity investments. With its fiduciary services arm, the firm is particularly noted for structured transactions involving a Cayman TopCo and Irish SPV; the Dublin team frequently works alongside colleagues in the Cayman Islands. With further expansion in the CLO sector, the Dublin office has also gained additional traction in the rail rolling stock sector. Led by Mary O’Neill, the team also features Alex Walsh and Eoin O’Leary. Stephen Gardiner was a new arrival in early 2025.

Praxisleiter:

Mary O’Neill


Weitere Kernanwälte:

Alex Walsh, Eoin O’Leary; Stephen Gardiner


Referenzen

‘The Maples Group are a pleasure to work with. They are particularly personable, which I value very much. At the same time, they are extremely cost and time efficient.’

‘Mary O’Neill is a stand out service provider. She is extremely efficient, helpful and decent in all of her dealings.’

‘The practice is very commercial, solving problems rather than just issue raising.’

Kernmandanten

Acia Aero Leasing


ACS Aero Leasing


AE Industrial Partners


AirAsia


Altavair


Avolon


Bain Capital


BNP Paribas


China Aircraft Leasing Company


Cross Ocean


DAE


Deucalion


Deutsche Bank


Falko/Chorus


Griffin


ICBC


Investec Bank


JPMorgan


KKR


Marathon


MUFG


Muzinich


Natixis


Qatar National Bank


Sky Leasing


SMBC Aviation Capital


SocGen


ST Aerospace


Stonepeak


Total Engine Asset Management


UKEF


US Ex-Im Bank


Vistara


volofin


Highlight-Mandate


  • Advised Avolon on its $1bn bond unsecured bond issuance.
  • Advised Falko Regional Aircraft on its agreement to acquire a portfolio of 24 Embraer E-Jets from Nordic Aviation Capital.
  • Advised volofin and Magnetic Leasing on their first term loan, which will be used to finance mid-life narrowbody aircraft, engines and landing gears.

Mason Hayes & Curran LLP

Mason Hayes & Curran LLP is widely recognised for its record in advising large ECAs, along with airlines and aircraft lessors. It has particular expertise in the Cape Town Convention and is further noted for expertise in securitisations, warehouse financings, and sale and leaseback transactions. David McGovern is an immensely experienced aviation finance specialist, along with Christine O’Donovan, who served as chair of the firm from 2020 to 2024.

Praxisleiter:

David McGovern


Weitere Kernanwälte:

Christine O’Donovan; Andrea Gleasure


Referenzen

‘We have worked with the MHC team for many years now, and they are our de facto Irish counsel for all aircraft related matters. They provide excellent service and value to our transactions, and I wouldn’t hesitate to recommend them to others looking for similar representation.’

‘Christine O’Donovan is our relationship partner and consistently rises above expectations. Her knowledge of Irish aviation matters is second to none.’

‘User friendly advice. MHC’s regulatory practice complements the asset finance team as well.’

Kernmandanten

Shannon Engine Support


Azorra Aviation Holdings


CDB Aviation Lease Finance


CALC Global Leasing


BOC Aviation


LEVL Leasing


Fly4 Airlines Green


CALC Global Leasing


Investec Bank


Highlight-Mandate


  • Acted for Shannon Engine Support on its first secured engine portfolio financing of up to 40 new generation CFM manufactured LEAP engines.
  • Advised Azorra Aviation Holdings on its new $225m secured facility with Citibank as agent to part finance a portfolio of up to ten aircraft.
  • Acted for CDB Aviation Lease Finance in its claim seeking an indemnity from 21 different insurers arising from losses sustained from the leasing of nine aircraft to various Russian airlines.

Walkers

Walkers has continued to cement its position in the market, particularly in relation to aircraft securitisations, investment fund-backed aviation platforms, aviation joint ventures and M&A transactions, and commercial aviation lending platforms. It frequently advises aircraft lessors, banks, investment funds and airlines. Matt Hedigan and Killian McSharry have gained further recognition in the market, with Caitlín Friel and Elliot Milton providing further senior expertise. The Dublin team is also supported by Irish law asset finance specialist Donna Ager in London.

Praxisleiter:

Matt Hedigan; Killian McSharry


Weitere Kernanwälte:

Caitlín Friel; Elliot Milton; Donna Ager


Referenzen

‘We work with the team frequently and consider them the best and most comprehensive outfit in Dublin. Responsive and user friendly. Deep knowledge of different debt, leasing and capital markets structures.’

‘Donna Ager is particularly impressive. She represents leading industry participants and can turn her hand to the full spectrum of aviation matters. Matt Hedigan is also great to work with and highly knowledgable.’

Kernmandanten

Air India


Castlelake


CDPQ


Clover Aviation Capital


PIMCO


Aercap


Airborne Capital


Citicorp International Limited


Lease Corporation Ireland


Investec


Highlight-Mandate


  • Advised on a landmark finance lease transaction with Air India using GIFT City in connection with the delivery and financing of six Airbus A350-900 aircraft.
  • Acted as Irish counsel in connection with the $500m acquisition, financing and leasing of 10 new and used Airbus and Boeing aircraft to be held within the joint-venture leasing platform, known in the market as Gilead, established between PIMCO and AerCap.
  • Advised Citigroup Global Markets Asia as global co-ordinator to a syndicate of American, Asian, Australian, European and Middle East banks in a $1.5bn facility to SMBC Aviation Capital.

William Fry LLP

William Fry LLP retains an impressive client base of financial institutions, airlines, leasing companies, export credit agencies (ECAs), funds and others. It has a fine record in cross-border asset financing, leasing and restructuring matters. David Maughan has extensive experience in the aviation finance field, including aircraft leasing platforms, aircraft portfolio securitisations and sale and leaseback transactions. Mary Ward also has a major focus on aviation and asset finance with an eminent record in representing banks and ECAs.

Praxisleiter:

David Maughan


Weitere Kernanwälte:

Mary Ward


Referenzen

‘We view William Fry as our go-to firm in Ireland, and they have always operated in a highly professional way.’

‘We work directly with Mary Ward, and she is always diligent, thoughtful and professional in her work. She is also a very pleasant person to work with as an individual.’

‘They provide commercially minded top quality legal advice. Their service delivery is always prompt and clear.’

Kernmandanten

MUFG Bank


Natixis


Credit Agricole Corporate and Investment Banking


ING Bank


Bank of Communications Co


Bayerische Landesbank


BNP Paribas, Singapore Branch


Sumitomo Mitsui Trust Bank


KfW IPEX-Bank


Elevate Capital Partners


Highlight-Mandate


  • Advised NordLB (through its Singapore Branch) on all Irish aspects of its financing of certain aircraft owned by Irish subsidiaries of AVIC International, all on lease to a European Airline.
  • Advised KfW, CACIB and SocGen (as mandated lead arrangers) on the upsizing facility for Rive Rail and its financing of certain rail rolling stock.
  • Advised First Star Speir Aviation 1, a JV established by Petrus and Elevate Partners, on the Irish aspects of its purchase of Irish registered aircraft from Aergo Capital Partners (with lease to ITA).