Stephenson Harwood (Singapore) Alliance has advised Transportation Partners, an integrated aviation leasing company based in Singapore and Dublin, on a refinancing transaction of 21 Boeing 737-900ER aircraft.
The aircraft are on lease to Lion Air, Indonesia’s largest private air carrier, and other airlines including Batik Air, Thai Lion and Malindo Airways.
As part of the refinancing, the US ExIm-backed financings to the Lion Air group were fully repaid. The leasing structures were designed to generate greater operational efficiencies for the airlines.
The Stephenson Harwood team comprised Singapore-based partner, Saugata Mukherjee, senior associate Clement Leung and associates Ellen Fleming, Yumi Bong, Jason Quah and paralegal Shahrzad Alavi.